Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0109%/8h= −12.0% APRpaid last 24h −0.041%

Price spread now: dYdX against SunX+0.058%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.058%, 7d avg +0.029%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.029% dearer against SunX than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.029%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	118.80	0.0100	pay 0.0100% / 8h	7h 42m	$193K	$1.9M	30x
Short	dYdX SOL-USD	118.87	−0.0009	pay 0.0001% / 1h	42m 08s	$4.9M	$26.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SunX. 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 SunXbpFee dYdXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$22.93
Price spread: +0.058% → +0.029%: $2.89
Slippage, 4 orders: −$52.91
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$90.95
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; dYdX: live order book, 2 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 SunX live order book, 4 min ago	3.35 bp	23.4 bp −$23	33.2 bp −$332	doesn't fit	doesn't fit
Sell dYdX live order book, 2 min ago	7.15 bp	14.7 bp −$15	35.7 bp −$357	45.6 bp −$4,556	48.7 bp −$24.3K

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
Hotstuff SOL-PERP	−0.0080%	1h	118.83	+0.027%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.77	−0.027%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.76	−0.036%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.84	+0.030%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USDshort	−0.0009%	1h	118.87	+0.058%	$4.9M	$26.5M	20x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	+0.040%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.84	+0.030%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	+0.054%	$154K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0004%	8h	118.72	−0.064%	$231.1M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0009%	8h	118.82	+0.016%	$46.5M	$100.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	118.86	+0.050%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.84	+0.033%	$121K	$632K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.86	+0.045%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.152%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.82	+0.016%	—	$10.5M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.84	+0.034%	$8.1M	$413.2M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	118.81	+0.008%	$858.7M	$662.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.83	+0.027%	$14.0M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	+0.016%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	+0.036%	$348K	$271K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.83	+0.027%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	+0.008%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.82	+0.020%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	+0.029%	$178.6M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.85	+0.045%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.84	+0.033%	$979.4M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.88	+0.066%	$823.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.84	+0.033%	$370.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.018%	$232K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	+0.060%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.211%	$133.5M	$4.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.85	+0.041%	$426.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.87	+0.057%	$137.9M	$207.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.82	+0.014%	$493.1M	$446.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	+0.041%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.164%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.195%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.106%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.110%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	+0.024%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.024%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	+0.022%	$37K	$17K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	118.80	long leg	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.81	+0.008%	$6.2M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	118.88	+0.064%	$26.6M	$24.8M	50x	as long as short
Hyperliquid SOL	+0.0101%	1h	118.96	+0.134%	$720.5M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.79	−0.009%	$8.7M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.68	−0.102%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	+0.046%	—	$221.9M	500x	as long as short
Aftermath Perps SOLUSD	+0.0153%	1h	118.72	−0.067%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.85	+0.045%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0084%	1h	118.84	+0.033%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.119%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.81	+0.010%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.80	−0.001%	$52.0M	$78.7M	125x	as long as short