Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.002%

Price spread now: Hyperliquid against SunX+0.175%52s7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.500% of the position

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.175%, 7d avg +0.074%

Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: Hyperliquid is 0.102% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.074%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	117.93	0.0100	pay 0.0100% / 8h	6h 52m	$192K	$1.8M	30x
Short	Hyperliquid SOL	118.14	0.0109	get 0.0014% / 1h	52m 33s	$718.1M	$401.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.175%Rate

Funding earned: $1.83
Price spread: +0.175% → +0.074%: $10.16
Slippage, 4 orders: −$32.95
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.96
Costs to cover: 0.500%
Break-even: 152.1 days

Slippage from SunX: live order book, 13 min ago; Hyperliquid: live order book, 12 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, 13 min ago	3.31 bp	21.3 bp −$21	34.0 bp −$340	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.42 bp	4.9 bp −$5	5.4 bp −$54	8.3 bp −$826	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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	+0.097%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.92	−0.009%	$92K	$705K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.07	+0.112%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	117.94	+0.009%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0072%	8h	117.87	−0.050%	$229.2M	$44.9M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.86	−0.064%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0020%	8h	117.99	+0.048%	$851.8M	$649.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.93	−0.003%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.07	+0.117%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.76	−0.147%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	118.09	+0.137%	$131K	$4.0M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.04	+0.093%	$1.8M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.94	+0.004%	$31.5M	$98.6M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.12	+0.158%	$103K	$162K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.98	+0.043%	$7.9M	$410.6M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.04	+0.090%	—	$369.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.96	+0.019%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0093%	1h	117.99	+0.046%	$26.4M	$25.3M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.00	+0.057%	$13.5M	$58.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.99	+0.045%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.92	−0.013%	$346K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.04	+0.093%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.04	+0.090%	$45K	$819K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.03	+0.078%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.05	+0.095%	$177.5M	$180.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.05	+0.097%	$12.9M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.10	+0.141%	$977.6M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.10	+0.142%	$821.8M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.02	+0.073%	$366.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.10	+0.141%	$255K	$909K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.08	+0.123%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.184%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.07	+0.116%	$423.0M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.05	+0.096%	$133.7M	$207.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.00	+0.057%	$489.8M	$445.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.02	+0.073%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.277%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.133%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.64	−0.251%	$48.2M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	−0.062%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.04	+0.090%	$353K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.93	−0.001%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.92	−0.015%	$37K	$17K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	117.93	long leg	$192K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.94	+0.006%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.96	+0.022%	$46.0M	$100.8M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.72	−0.181%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.04	+0.094%	$8.3M	$35.7M	50x	as long as short
Hyperliquid SOLshort	+0.0109%	1h	118.14	+0.175%	$718.1M	$401.0M	20x
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.74	−0.165%	—	$228.6M	500x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.00	+0.059%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.98	+0.039%	$52.3M	$74.2M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.328%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.92	−0.012%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0290%	1h	118.04	+0.094%	$25K	$51K	20x	as long as short