Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: Perpl against StandX−0.449%7-day average −0.042% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on StandX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 7 days+0.520%+$52 · spread now −0.449%, 7d avg −0.042%

Together, before fees+0.178%+ Points / potential airdropStandX: Active · Perpl: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.407% cheaper against StandX than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SOL-USD	118.09	0.0100	pay 0.0013% / 1h	54m 59s	$1.3M	$13.5M	30x
Short	Perpl SOL	117.56	0	get 0.0000% / 43m	16m 59s	$131K	$4.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against StandX. 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 StandXbpFee PerplbpOrdersPrice spread, now −0.449%Rate

Funding earned: −$21
Price spread: −0.449% → −0.042%: −$40.67
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$83.47
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 4 min ago; Perpl: no order-book sample. Net counts fees only.

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 StandX live order book, 4 min ago	4.23 bp	10.7 bp −$11	10.9 bp −$109	19.7 bp −$1,971	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	−0.036%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.62	−0.397%	$920	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.65	−0.377%	$94K	$696K	20x	as long as short
Vest SOL-PERP	−0.0079%	1h	117.53	−0.475%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0079%	8h	117.52	−0.482%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERP	−0.0050%	1h	117.52	−0.485%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	−0.440%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.440%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	−0.424%	$1.6M	$21.3M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	117.56	−0.449%	$131K	$4.0M	8.3x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.64	−0.384%	$26.4M	$25.3M	50x	as long as short
Gate SOL_USDT	+0.0003%	8h	117.65	−0.373%	$843.1M	$647.2M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.54	−0.466%	$1.8M	$4.6M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.57	−0.440%	$102K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.63	−0.393%	$31.5M	$98.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.65	−0.372%	$7.9M	$409.1M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.61	−0.406%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.61	−0.405%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.62	−0.398%	$13.1M	$57.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.61	−0.404%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.61	−0.403%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.60	−0.415%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.57	−0.440%	$43K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.59	−0.427%	$5.7M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.76	−0.279%	$715.9M	$402.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.62	−0.398%	$177.5M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.446%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.64	−0.381%	$973.8M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.69	−0.339%	$818.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.67	−0.356%	$365.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.44	−0.550%	$255K	$897K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.58	−0.434%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.051%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.65	−0.373%	$422.5M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.67	−0.356%	$133.2M	$206.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.68	−0.349%	$488.5M	$445.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	−0.373%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.409%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	0.000%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.85	−0.206%	$48.3M	$29.6M	20x	as long as short
StandX SOL-USDlong	+0.0100%	1h	118.09	long leg	$1.3M	$13.5M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	117.52	−0.483%	$351K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.54	−0.464%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.57	−0.443%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.61	−0.404%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.61	−0.406%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.66	−0.364%	$45.9M	$100.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.438%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.61	−0.403%	—	$228.1M	500x	as long as short
Phoenix SOL	+0.0114%	1h	117.72	−0.313%	$6.5M	$13.5M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.50	−0.497%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.63	−0.390%	$52.2M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.194%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.55	−0.460%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0275%	1h	118.21	+0.105%	$25K	$51K	20x	as long as short