Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.048%

Price spread now: OKX against RISEx+0.074%7-day average −0.007% · 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−$200.195% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.098%−$10 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.074%, 7d avg −0.007%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.081% dearer against RISEx than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.007%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	118.80	0.0226	pay 0.0028% / 1h	1m 08s	$1.8M	$4.8M	20x
Short	OKX SOL-USDT-SWAP	118.89	0.0100	get 0.0100% / 8h	1m 08s	$371.3M	$1.72B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$26.46
Price spread: +0.074% → −0.007%: $8.09
Slippage, 4 orders: −$3.53
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.9
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; OKX: 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	3.0 bp −$3	6.7 bp −$67	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.42 bp	5.4 bp −$5	5.7 bp −$57	10.1 bp −$1,008	22.1 bp −$11.0K

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
Derive SOL-PERP	−0.0100%	1h	118.80	+0.001%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.80	−0.003%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.76	−0.034%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0021%	1h	118.82	+0.018%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.88	+0.065%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.83	+0.020%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.80	−0.002%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0020%	1h	118.73	−0.058%	$1.5M	$6.1M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.90	+0.082%	$861.3M	$690.1M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.82	+0.015%	$104K	$158K	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	+0.0078%	8h	118.89	+0.075%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0079%	8h	118.77	−0.029%	$231.2M	$45.0M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.87	+0.054%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.81	+0.006%	$122K	$642K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.91	+0.089%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.91	+0.090%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.90	+0.079%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.97	+0.138%	$8.2M	$417.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0098%	1h	118.97	+0.141%	$26.6M	$25.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.82	+0.019%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.78	−0.019%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.79	−0.006%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.01	+0.175%	$719.9M	$408.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.87	+0.057%	$178.6M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.84	+0.032%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.91	+0.093%	$981.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.91	+0.091%	$824.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	118.89	+0.074%	$371.3M	$1.72B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	118.76	−0.036%	$231K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.84	+0.030%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.131%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.90	+0.082%	$426.6M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.93	+0.109%	$137.9M	$207.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.89	+0.073%	$493.3M	$458.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.93	+0.107%	$24.2M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.011%	$27.0M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	−0.057%	$95.4M	$403.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.57	−0.198%	$48.6M	$30.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.81	+0.006%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	+0.015%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.82	+0.018%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.89	+0.072%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	−0.005%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.91	+0.091%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.91	+0.091%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	+0.040%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.88	+0.067%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.94	+0.118%	$32.6M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.72	−0.072%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.82	+0.018%	—	$225.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.85	+0.044%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	−0.120%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.80	−0.004%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.93	+0.107%	$51.9M	$80.3M	125x	as long as short
RISEx SOL/USDClong	+0.0226%	1h	118.80	long leg	$1.8M	$4.8M	20x