Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.004%

Price spread now: 01 Exchange against Phemex+0.076%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now +0.076%, 7d avg +0.029%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.047% dearer against Phemex than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.029%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	118.98	0.0100	pay 0.0100% / 8h	2h 35m	$46.4M	$99.8M	50x
Short	01 Exchange SOLUSD	119.07	0.0072	get 0.0009% / 1h	35m 34s	$104K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee 01 ExchangebpOrdersPrice spread, now +0.076%Rate

Funding earned: −$5.88
Price spread: +0.076% → +0.029%: $4.7
Slippage, 4 orders: −$15.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$35.72
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; 01 Exchange: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 4 min ago	0.42 bp	7.4 bp −$7	8.0 bp −$80	16.8 bp −$1,680	doesn't fit
Sell 01 Exchange live order book, 53 min ago	0.42 bp	10.0 bp −$10	22.1 bp −$221	doesn't fit	doesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.076%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.86	−0.099%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.96	−0.019%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.98	+0.002%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0022%	1h	118.90	−0.065%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.96	−0.018%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.02	+0.034%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.97	−0.009%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.99	+0.010%	$26.7M	$27.6M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	119.00	+0.014%	$4.9M	$26.9M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0060%	8h	118.96	−0.017%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0067%	8h	118.89	−0.077%	$231.6M	$43.6M	75x	as long as short
01 Exchange SOLUSDshort	+0.0072%	1h	119.07	+0.076%	$104K	$152K	20x
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.117%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.03	+0.038%	—	$371.8M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	119.00	+0.013%	$122K	$600K	20x	as long as short
Gate SOL_USDT	+0.0085%	8h	119.01	+0.025%	$867.5M	$680.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.01	+0.029%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.01	+0.024%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.95	−0.021%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.01	+0.027%	$1.0M	$524K	50x	as long as short
KuCoin SOLUSDTM	+0.0099%	8h	119.01	+0.022%	$143.2M	$196.4M	75x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.04	+0.050%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.04	+0.050%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.08	+0.084%	$717.9M	$413.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.03	+0.042%	$179.7M	$174.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.06	+0.063%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.05	+0.059%	$972.4M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.06	+0.067%	$822.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.04	+0.050%	$370.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.025%	$234K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.09	+0.096%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.03	+0.042%	$468.4M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.04	+0.050%	$496.9M	$448.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.96	−0.017%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.189%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.227%	$95.3M	$397.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.11	+0.107%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.01	+0.025%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.04	+0.050%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.96	−0.013%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.95	−0.025%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.97	−0.008%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.93	−0.042%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	118.98	long leg	$46.4M	$99.8M	50x
Bulk SOL-USD	+0.0100%	1h	118.71	−0.227%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.02	+0.030%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.98	+0.002%	$8.1M	$414.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.98	−0.001%	—	$216.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	+0.042%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.08	+0.088%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.03	+0.046%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.12	+0.118%	$51.8M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.94	−0.033%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.98	−0.004%	$3.6M	—	200x	as long as short