Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against StandX+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−$23as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on StandX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.017%, 7d avg −0.012%

Together, before fees−0.153%+ Points / potential airdropStandX: Active · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.029% dearer against StandX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SOL-USD	119.04	0.0100	pay 0.0013% / 1h	31m 21s	$1.4M	$13.4M	30x
Short	SoDEX SOL-USD	119.06	0.0100	get 0.0013% / 1h	31m 21s	$6.3M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.012%: $2.91
Slippage, 4 orders: −$10.01
Fee StandX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.1
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from StandX: live order book, 3 min ago; SoDEX: 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 StandX live order book, 3 min ago	3.78 bp	8.6 bp −$9	8.8 bp −$88	20.7 bp −$2,072	doesn't fit
Sell SoDEX live order book, 3 min ago	0.42 bp	4.4 bp −$4	4.6 bp −$46	13.4 bp −$1,343	doesn't fit

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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.126%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	119.00	−0.037%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.00	−0.032%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.99	−0.039%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0005%	1h	119.01	−0.028%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.08	+0.034%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.03	−0.008%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.05	+0.007%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.05	+0.007%	$4.9M	$26.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	119.13	+0.075%	$26.7M	$27.7M	50x	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	+0.0060%	8h	119.08	+0.036%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0063%	8h	118.96	−0.070%	$231.8M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.09	+0.042%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.06	+0.014%	$122K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0067%	1h	118.91	−0.109%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.05	+0.005%	—	$371.0M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.05	+0.008%	$869.5M	$681.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.01	−0.029%	$13.4M	$53.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.00	−0.038%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.06	+0.017%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.96	−0.069%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.06	+0.017%	$46K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.05	+0.008%	$6.5M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.15	+0.092%	$719.0M	$414.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.05	+0.008%	$179.7M	$174.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.04	+0.003%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.05	+0.008%	$973.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.08	+0.035%	$825.8M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.03	−0.008%	$370.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.98	−0.050%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.07	+0.024%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.06	+0.017%	$474.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.06	+0.016%	$142.8M	$196.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.05	+0.010%	$496.9M	$448.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.04	0.000%	$24.4M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.033%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.99	−0.045%	$95.6M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	+0.068%	$48.8M	$33.4M	20x	as long as short
StandX SOL-USDlong	+0.0100%	1h	119.04	long leg	$1.4M	$13.4M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	119.06	+0.017%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.05	+0.009%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.06	+0.013%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.05	+0.007%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	119.06	+0.017%	$6.3M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	119.01	−0.025%	$46.5M	$100.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.049%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.04	+0.001%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.11	+0.062%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.08	+0.030%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.06	+0.017%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.05	+0.010%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.04	+0.003%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.98	−0.050%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.10	+0.047%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.08	+0.029%	$3.6M	—	200x	as long as short