Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.008%

Price spread now: GMX against SunX−0.013%7-day average +0.055% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$6 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now −0.013%, 7d avg +0.055%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.067% cheaper against SunX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.055%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	117.35	0.0100	pay 0.0100% / 8h	6h 09m	$191K	$1.8M	30x
Short	GMX SOL/USD [SOL-USDC]	117.34	L +0.0233% / S −0.0174%	get 0.0022% / 1h	9m 04s	$3.6M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $15.46
Price spread: −0.013% → +0.055%: −$6.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.26
Costs to cover: 0.200%
Break-even: 12.1 days

Slippage unknown: SunX: live order book, 7 min ago; GMX: 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 SunX live order book, 7 min ago	3.53 bp	29.3 bp −$29	52.4 bp −$524	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 54 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	117.36	+0.009%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.32	−0.032%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	−0.003%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.37	+0.014%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.015%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.40	+0.039%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.35	−0.003%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.28	−0.063%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.43	+0.061%	$100K	$690K	20x	as long as short
HTX SOL-USDT	+0.0043%	8h	117.27	−0.070%	$227.9M	$45.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0048%	8h	117.35	−0.003%	$847.0M	$665.8M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.35	+0.001%	$31.5M	$98.8M	100x	as long as short
ApeX Omni SOLUSDT	+0.0056%	1h	117.47	+0.099%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.36	+0.009%	$8.0M	$406.9M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.31	−0.040%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.38	+0.020%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.35	−0.005%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.33	−0.020%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.36	+0.005%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.36	+0.006%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.39	+0.035%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.046%	$67K	$851K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.36	+0.005%	$5.7M	$41.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.34	−0.012%	$176.1M	$179.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.37	+0.018%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.39	+0.031%	$967.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.41	+0.048%	$818.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.41	+0.048%	$365.9M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.31	−0.037%	$238K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.35	−0.006%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.146%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.34	−0.012%	$423.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.36	+0.003%	$130.3M	$211.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.32	−0.028%	$486.2M	$440.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.003%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.49	+0.120%	$24.3M	$121.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.52	+0.142%	$94.4M	$403.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.53	+0.149%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.40	+0.040%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.32	−0.029%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.33	−0.017%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.35	−0.006%	$37K	$16K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	117.35	long leg	$191K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.36	+0.005%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.36	+0.005%	$45.7M	$101.2M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.64	+0.244%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.34	−0.015%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.35	+0.001%	—	$225.1M	500x	as long as short
Hyperliquid SOL	+0.0114%	1h	117.45	+0.082%	$718.3M	$393.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.34	−0.015%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.440%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]short	L +0.0233% / S −0.0174%	1h	117.34	−0.013%	$3.6M	—	200x
Aftermath Perps SOLUSD	+0.0344%	1h	117.56	+0.177%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.34	−0.015%	$128K	$3.8M	8.3x	as long as short