Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: SoDEX against SunX+0.003%7-day average +0.008% · 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−$55as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.003%, 7d avg +0.008%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	119.26	0.0100	pay 0.0100% / 8h	1h 53m	$194K	$1.9M	30x
Short	SoDEX SOL-USD	119.26	0.0100	get 0.0013% / 1h	53m 23s	$6.3M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.008%: −$0.5
Slippage, 4 orders: −$38.38
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$54.88
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; SoDEX: live order book, 1 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, 12 min ago	3.53 bp	23.3 bp −$23	39.7 bp −$397	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	15.5 bp −$1,554	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
Derive SOL-PERP	−0.0094%	1h	119.17	−0.069%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.47	+0.176%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.29	+0.027%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.43	+0.144%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.29	+0.030%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.47	+0.183%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.46	+0.173%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.32	+0.051%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0013%	1h	119.31	+0.044%	$26.8M	$27.6M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	+0.095%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0059%	1h	119.31	+0.045%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0065%	8h	119.28	+0.018%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.37	+0.099%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.33	+0.065%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0093%	8h	119.31	+0.045%	$868.9M	$675.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.41	+0.130%	$13.7M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.41	+0.127%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.36	+0.087%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.24	−0.017%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.38	+0.099%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.31	+0.045%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	+0.024%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.41	+0.129%	$720.5M	$413.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.34	+0.071%	$178.9M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.44	+0.157%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.26	+0.005%	$977.7M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.29	+0.030%	$823.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.24	−0.014%	$372.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.154%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.37	+0.094%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.170%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.28	+0.020%	$436.4M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.29	+0.026%	$140.7M	$199.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.24	−0.013%	$495.7M	$455.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	+0.112%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.31	+0.049%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	+0.097%	$95.9M	$397.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.47	+0.181%	$48.9M	$32.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.46	+0.170%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.49	+0.196%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	+0.036%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	+0.008%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.28	+0.015%	$38K	$16K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	119.26	long leg	$194K	$1.9M	30x
SoDEX SOL-USDshort	+0.0100%	1h	119.26	+0.003%	$6.3M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	119.25	−0.006%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.23	−0.021%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.27	+0.014%	$8.2M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.40	+0.117%	—	$222.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.26	−0.001%	$32.8M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.29	+0.025%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.27	+0.009%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	+0.088%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.129%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.022%	$51.9M	$87.0M	125x	as long as short