Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.005%

Price spread now: edgeX against 01 Exchange−0.062%57s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$260.263% of the position

Long on 01 Exchange Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.497%+$50 · spread now −0.062%, 7d avg −0.014%

Together, before fees+0.449%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.048% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 5.7 days of funding at the current rate (+$1 a day). The two prices were read 57 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	01 Exchange SOLUSD	116.20	0.0072	pay 0.0009% / 1h	14m 23s	$100K	$182K	20x
Short	edgeX SOLUSDC	116.13	0.0100	get 0.0050% / 4h	14m 23s	$93.3M	$406.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against 01 Exchange. 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 01 ExchangebpFee edgeXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $5.88
Price spread: −0.062% → −0.014%: −$4.82
Slippage, 4 orders: −$10.31
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.25
Costs to cover: 0.263%
Break-even: 37.1 days

Slippage from 01 Exchange: live order book, 25 min ago; edgeX: live order book, 5 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 01 Exchange live order book, 25 min ago	0.86 bp	6.7 bp −$7	10.7 bp −$107	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	2.15 bp	6.7 bp −$7	6.7 bp −$67	6.7 bp −$674	10.2 bp −$5,109

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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.23	+0.024%	$32.3M	$106.8M	100x	as long as short
Bybit SOLUSDT	−0.0097%	8h	116.18	−0.021%	$733.3M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.27	+0.064%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	116.17	−0.027%	$101K	$676K	20x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.138%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0036%	1h	116.15	−0.042%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0026%	1h	116.12	−0.067%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.21	+0.006%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.16	−0.030%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.17	−0.022%	$99K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0005%	1h	116.17	−0.029%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0023%	8h	116.17	−0.023%	$479.3M	$456.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.22	+0.017%	$7.8M	$398.4M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.17	−0.026%	$177.0M	$168.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	116.20	+0.004%	$1.0M	$6.1M	100x	as long as short
01 Exchange SOLUSDlong	+0.0072%	1h	116.20	long leg	$100K	$182K	20x
Lighter RH SOL	+0.0088%	1h	116.15	−0.046%	$2.2M	$16.8M	25x	as long as short
SoDEX SOL-USD	+0.0094%	1h	116.19	−0.009%	$6.1M	$11.0M	20x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.20	−0.001%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.15	−0.043%	$13.1M	$60.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.18	−0.015%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.11	−0.077%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.15	−0.041%	$5.4M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.24	+0.034%	$695.5M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.22	+0.017%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.18	−0.017%	$960.6M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.19	−0.009%	$365.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.13	−0.060%	$223K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.18	−0.015%	$923K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.21	+0.007%	$125.5M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.17	−0.026%	$843.8M	$669.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.17	−0.026%	$370.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.16	−0.038%	$129.1M	$236.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.19	−0.011%	—	$374.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.11	−0.077%	$22.8M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.09	−0.097%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	116.13	−0.062%	$93.3M	$406.4M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.23	+0.024%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.24	+0.038%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.10	−0.086%	$1.3M	$11.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.17	−0.026%	$315K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.19	−0.007%	$281K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.18	−0.021%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.17	−0.022%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.10	−0.082%	$224.8M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.19	−0.009%	$45.2M	$104.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0103%	1h	116.26	+0.053%	$26.3M	$21.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.16	−0.037%	$8.2M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.20	+0.002%	—	$236.1M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.21	+0.009%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.08	−0.107%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.11	−0.077%	$51.9M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.12	−0.066%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0449%	1h	116.19	−0.006%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.24	+0.032%	$2.1M	$4.8M	20x	as long as short