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: SunX against RISEx+0.048%7-day average −0.031% · 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−$35as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$9 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.048%, 7d avg −0.031%

Together, before fees−0.206%−$21 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 SunX is 0.080% dearer against RISEx than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 3 days funding on this pair cost −0.085%, 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	118.07	0.0018	pay 0.0002% / 1h	25m 08s	$2.0M	$4.7M	20x
Short	SunX SOL-USDT	118.13	0.0100	get 0.0100% / 8h	6h 25m	$192K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $17.16
Price spread: +0.048% → −0.031%: $7.98
Slippage, 4 orders: −$28.57
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.44
Costs to cover: 0.426%
Break-even: 14.1 days

Slippage from RISEx: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.04 bp	9.8 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	1.81 bp	19.6 bp −$20	33.0 bp −$330	doesn't fit	doesn't fit

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	118.07	+0.002%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0068%	1h	118.02	−0.038%	—	$607K	20x	as long as short
Hibachi SOL/USDT-P	−0.0032%	1h	118.16	+0.079%	$101K	$691K	20x	as long as short
Derive SOL-PERP	−0.0027%	1h	118.00	−0.062%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0003%	1h	117.89	−0.147%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.13	+0.052%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.03	−0.033%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.09	+0.020%	$1.4M	$21.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.06	−0.007%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDClong	+0.0018%	1h	118.07	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	+0.0046%	8h	118.05	−0.016%	$854.0M	$662.2M	100x	as long as short
HTX SOL-USDT	+0.0047%	8h	118.07	+0.002%	$229.5M	$45.5M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.07	+0.003%	$31.7M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.09	+0.019%	$8.0M	$410.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0074%	1h	118.12	+0.040%	$26.5M	$25.5M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.02	−0.045%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.09	+0.019%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.07	+0.002%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.06	−0.012%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.08	+0.009%	$104K	$159K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.08	+0.009%	$346K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.11	+0.036%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.00	−0.058%	$65K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.04	−0.028%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.10	+0.029%	$177.3M	$180.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.05	−0.013%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.05	−0.016%	$973.0M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.07	0.000%	$823.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.05	−0.016%	$366.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.01	−0.050%	$239K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.07	0.000%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	−0.059%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.05	−0.016%	$426.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.08	+0.007%	$131.7M	$210.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.03	−0.029%	$488.9M	$440.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.07	+0.001%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.14	+0.056%	$24.5M	$122.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.99	−0.067%	$94.8M	$404.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.98	−0.075%	$48.3M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.08	+0.009%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.08	+0.009%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.13	+0.048%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.08	+0.008%	$37K	$16K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	118.13	+0.048%	$192K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	118.07	+0.001%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.06	−0.008%	$46.0M	$101.6M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	−0.075%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.04	−0.022%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0107%	1h	118.16	+0.077%	$722.5M	$403.2M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.07	−0.003%	—	$226.2M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	118.07	−0.001%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	−0.169%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	118.12	+0.042%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0326%	1h	117.94	−0.111%	$25K	$51K	20x	as long as short