Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: MEXC against Arcus−0.048%7-day average −0.027% · 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−$11as in the Price arb table

costs, in and out, $10k−$90.091% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.048%, 7d avg −0.027%

Together, before fees+0.008%+$1 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: MEXC is 0.021% cheaper against Arcus than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	119.22	0.0100	pay 0.0013% / 1h	4m 32s	$2.0M	$8.9M	20x
Short	MEXC SOL_USDT	119.16	0.0100	get 0.0100% / 8h	2h 04m	$442.1M	$1.13B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Arcus. 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 ArcusbpFee MEXCbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.027%: −$2.09
Slippage, 4 orders: −$2.56
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$11.15
Costs to cover: 0.091%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; MEXC: 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 Arcus live order book, 5 min ago	0.59 bp	3.0 bp −$3	3.5 bp −$35	7.8 bp −$778	doesn't fit
Sell MEXC live order book, 5 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$285	4.7 bp −$2,354

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	119.41	+0.162%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.14	−0.061%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	119.10	−0.100%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.02	−0.162%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.18	−0.029%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.19	−0.026%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.14	−0.065%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.16	−0.047%	$178K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.16	−0.048%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0042%	1h	119.29	+0.063%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0058%	8h	119.05	−0.137%	$231.9M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.13	−0.075%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.13	−0.076%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.19	−0.023%	$103K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.17	−0.035%	—	$374.9M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.14	−0.065%	$869.2M	$689.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.15	−0.053%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.14	−0.069%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.09	−0.107%	$353K	$747K	20x	as long as short
ApeX Omni SOLUSDT	+0.0099%	1h	119.21	−0.005%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.14	−0.067%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.17	−0.039%	$48K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.15	−0.056%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.26	+0.036%	$719.4M	$414.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.16	−0.048%	$178.7M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.18	−0.031%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.15	−0.054%	$976.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.17	−0.042%	$824.0M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	−0.065%	$371.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.06	−0.132%	$233K	$874K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	119.22	long leg	$2.0M	$8.9M	20x
Bulk SOL-USD	+0.0100%	1h	119.25	+0.028%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.16	−0.048%	$442.1M	$1.13B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.16	−0.051%	$140.5M	$198.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.14	−0.063%	$497.0M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.12	−0.081%	$24.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.15	−0.057%	$27.5M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.32	+0.083%	$95.8M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.065%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.14	−0.065%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.048%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.16	−0.050%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	−0.098%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.08	−0.111%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.10	−0.098%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.12	−0.081%	$46.5M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.067%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	−0.060%	$8.2M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.12	−0.080%	—	$222.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.18	−0.031%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.18	−0.032%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.21	−0.008%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.15	−0.059%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.10	−0.098%	$52.0M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.13	−0.077%	$35.4M	$91.3M	100x	as long as short