Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against SoDEX+0.017%7-day average +0.012% · 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−$120.117% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.017%, 7d avg +0.012%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.95	0.0100	pay 0.0013% / 1h	55m 04s	$6.1M	$10.8M	20x
Short	MEXC SOL_USDT	116.97	0.0100	get 0.0100% / 8h	3h 55m	$368.2M	$1.07B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.012%: $0.49
Slippage, 4 orders: −$1.72
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$11.23
Costs to cover: 0.117%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; MEXC: live order book, 4 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 SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	4.8 bp −$48	12.2 bp −$1,219	doesn't fit
Sell MEXC live order book, 4 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$293	5.5 bp −$2,754

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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.96	+0.005%	$31.1M	$100.4M	100x	as long as short
Hibachi SOL/USDT-P	−0.0168%	1h	116.59	−0.311%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.80	−0.128%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.85	−0.086%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.93	−0.017%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	−0.182%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.88	−0.060%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.87	−0.066%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.97	+0.015%	$7.4M	$405.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.95	+0.002%	$1.0M	$5.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOL	+0.0096%	1h	116.94	−0.009%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.94	−0.013%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.91	−0.034%	$100K	$173K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.86	−0.080%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.80	−0.128%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.84	−0.090%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.89	−0.055%	$5.5M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.06	+0.094%	$706.9M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.93	−0.017%	$175.1M	$182.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.89	−0.050%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.99	+0.038%	$976.3M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.88	−0.061%	$776.0M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.95	0.000%	$368.3M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.87	−0.068%	$231K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.88	−0.062%	$928K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.216%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.94	−0.009%	$846.7M	$654.9M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.97	+0.017%	$368.2M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.92	−0.029%	$129.4M	$222.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.90	−0.044%	$480.1M	$442.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.95	0.000%	—	$365.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.96	+0.009%	$23.2M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.63	−0.270%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.68	−0.228%	$93.7M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.61	−0.291%	$47.7M	$30.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.73	−0.186%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.316%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.90	−0.043%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.91	−0.034%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.91	−0.035%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.93	−0.020%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	116.95	long leg	$6.1M	$10.8M	20x
HTX SOL-USDT	+0.0100%	8h	116.92	−0.028%	$226.7M	$47.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.94	−0.009%	$45.7M	$102.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.88	−0.057%	$8.3M	$37.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	−0.197%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.75	−0.173%	—	$231.5M	500x	as long as short
Phoenix SOL	+0.0137%	1h	116.80	−0.128%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0142%	1h	116.98	+0.028%	$26.4M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.89	−0.052%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.94	−0.009%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.93	−0.020%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.90	−0.041%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0531%	1h	116.81	−0.119%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.92	−0.024%	$1.9M	$4.8M	20x	as long as short