Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX+0.003%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now +0.003%, 7d avg −0.018%

Together, before fees+0.137%+ Points / potential airdropExtended: Active · farm board+$14 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: Extended is 0.021% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	118.73	0.0100	pay 0.0100% / 8h	2h 40m	$193K	$1.9M	30x
Short	Extended SOL-USD	118.74	0.0104	get 0.0013% / 1h	40m 46s	$8.6M	$37.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0.84
Price spread: +0.003% → −0.018%: $2.1
Slippage, 4 orders: −$20.24
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.31
Costs to cover: 0.332%
Break-even: 259.5 days

Slippage from SunX: live order book, 5 min ago; Extended: 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 SunX live order book, 5 min ago	1.72 bp	7.6 bp −$8	20.6 bp −$206	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.42 bp	2.9 bp −$3	2.9 bp −$29	6.2 bp −$617	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	+0.131%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.69	−0.034%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.70	−0.033%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.81	+0.064%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0037%	1h	118.83	+0.082%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.78	+0.038%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.77	+0.034%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.74	+0.006%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.80	+0.055%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	+0.005%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	118.83	+0.083%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	+0.037%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0070%	8h	118.66	−0.067%	$231.2M	$43.7M	75x	as long as short
BingX SOL-USDT	+0.0070%	8h	118.75	+0.014%	—	$371.6M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.78	+0.039%	$104K	$152K	20x	as long as short
Gate SOL_USDT	+0.0080%	8h	118.73	−0.004%	$857.2M	$678.0M	100x	as long as short
KuCoin SOLUSDTM	+0.0095%	8h	118.77	+0.033%	$143.7M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.77	+0.034%	$13.4M	$53.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.76	+0.022%	$2.0M	$16.7M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.83	+0.082%	$123K	$606K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.74	+0.006%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.74	+0.001%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.72	−0.012%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	−0.015%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.84	+0.089%	$716.5M	$425.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.74	+0.003%	$178.8M	$174.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.80	+0.052%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	+0.023%	$971.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.76	+0.022%	$820.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.73	−0.004%	$369.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.071%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.80	+0.057%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.75	+0.013%	$466.4M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	+0.012%	$495.7M	$448.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.78	+0.039%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.85	+0.094%	$27.6M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.77	+0.031%	$95.4M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.064%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.81	+0.064%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.74	+0.005%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.74	+0.009%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.73	−0.001%	$37K	$15K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	118.73	long leg	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.77	+0.030%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	+0.013%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.021%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USDshort	+0.0104%	1h	118.74	+0.003%	$8.6M	$37.1M	50x
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.82	+0.074%	$8.1M	$413.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.75	+0.010%	—	$217.5M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.156%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	+0.036%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.78	+0.041%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.73	0.000%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	+0.013%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.80	+0.056%	$36.1M	$89.7M	100x	as long as short