Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h −0.042%

Price spread now: MEXC against RISEx+0.056%7-day average +0.004% · 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−$11as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.056%, 7d avg +0.004%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.051% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 3 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	118.08	0.0018	pay 0.0002% / 1h	26m 05s	$2.0M	$4.7M	20x
Short	MEXC SOL_USDT	118.15	0.0100	get 0.0100% / 8h	6h 26m	$425.3M	$1.11B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now +0.056%Rate

Funding earned: $17.16
Price spread: +0.056% → +0.004%: $5.14
Slippage, 4 orders: −$7.66
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 1 bp × 2 orders: −$2
Net: $6.64
Costs to cover: 0.157%
Break-even: 4.3 days

Slippage from RISEx: live order book, 3 min ago; MEXC: live order book, 3 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 RISEx live order book, 3 min ago	0.04 bp	9.8 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$277	7.1 bp −$3,532

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.98	−0.090%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	118.01	−0.065%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	118.06	−0.017%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	117.98	−0.091%	$92K	$682K	20x	as long as short
ApeX Omni SOLUSDT	−0.0003%	1h	117.89	−0.160%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.13	+0.038%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.96	−0.105%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.99	−0.083%	$1.4M	$21.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.12	+0.034%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDClong	+0.0018%	1h	118.08	long leg	$2.0M	$4.7M	20x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0042%	8h	118.13	+0.039%	$854.8M	$661.4M	100x	as long as short
HTX SOL-USDT	+0.0044%	8h	118.10	+0.013%	$229.5M	$45.5M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.15	+0.055%	$31.7M	$98.7M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.16	+0.066%	$8.0M	$410.7M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.14	+0.050%	—	$369.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.16	+0.061%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.15	+0.056%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.13	+0.040%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.13	+0.039%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.15	+0.054%	$346K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.11	+0.017%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.04	−0.038%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.01	−0.059%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.16	+0.062%	$177.4M	$180.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.06	−0.022%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.11	+0.018%	$973.4M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.11	+0.024%	$823.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.07	−0.012%	$367.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.01	−0.063%	$239K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.09	+0.009%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	−0.072%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	118.15	+0.056%	$425.3M	$1.11B	300x
KuCoin SOLUSDTM	+0.0100%	8h	118.14	+0.049%	$131.8M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.05	−0.030%	$489.0M	$440.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.14	+0.047%	$23.8M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.14	+0.043%	$24.5M	$122.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.87	−0.178%	$94.7M	$403.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.78	−0.254%	$48.2M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.02	−0.055%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.12	+0.030%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.12	+0.032%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.11	+0.022%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.05	−0.032%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.15	+0.056%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.11	+0.022%	$46.0M	$101.5M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	−0.088%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.01	−0.061%	$8.2M	$36.0M	50x	as long as short
Hyperliquid SOL	+0.0109%	1h	118.24	+0.132%	$722.5M	$402.7M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.05	−0.025%	—	$226.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0122%	1h	118.19	+0.089%	$26.5M	$25.5M	50x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	118.10	+0.015%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	−0.182%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	118.12	+0.032%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0323%	1h	117.90	−0.160%	$25K	$51K	20x	as long as short