Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.019%

Price spread now: edgeX against Bybit+0.056%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.056%, 7d avg −0.023%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.079% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	117.36	−0.0063	get 0.0063% / 8h	3h 23m	$722.8M	$1.19B	100x
Short	edgeX SOLUSDC	117.42	0.0100	get 0.0050% / 4h	3h 23m	$94.3M	$348.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $34.28
Price spread: +0.056% → −0.023%: $7.85
Slippage, 4 orders: −$5.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $16.55
Costs to cover: 0.256%
Break-even: 3.6 days

Slippage from Bybit: live order book, 9 min ago; edgeX: live order book, 4 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 Bybit live order book, 9 min ago	0.43 bp	5.9 bp −$6	6.5 bp −$65	10.0 bp −$1,002	18.3 bp −$9,158
Sell edgeX live order book, 4 min ago	0.43 bp	7.2 bp −$7	7.5 bp −$75	7.6 bp −$756	10.8 bp −$5,382

SOL on 54 exchanges

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
Hibachi SOL/USDT-P	−0.0336%	1h	117.55	+0.167%	$100K	$661K	20x	as long as short
Bybit SOLUSDTlong	−0.0063%	8h	117.36	long leg	$722.8M	$1.19B	100x
Derive SOL-PERP	−0.0036%	1h	117.25	−0.088%	$1.8M	$2.5M	13x	as long as short
Vest SOL-PERP	−0.0002%	1h	117.36	+0.003%	—	$204K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.34	−0.015%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.011%	$1.3M	$14.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.36	−0.002%	$99K	$2.5M	8.3x	as long as short
Bitget SOLUSDT	+0.0008%	8h	117.36	+0.001%	$480.9M	$378.2M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0011%	1h	117.39	+0.023%	$26.5M	$15.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0016%	1h	117.35	−0.003%	$8.5M	$355.5M	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0020%	8h	117.31	−0.037%	$960K	$4.8M	100x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.85	−0.433%	$4K	$109	12x	as long as short
Kraken Futures PF_SOLUSD	+0.0034%	1h	117.36	−0.001%	$32.2M	$90.2M	100x	as long as short
Aster SOLUSDT	+0.0044%	8h	117.35	−0.004%	$177.0M	$154.5M	100x	as long as short
Aevo SOL-PERP	+0.0048%	1h	117.30	−0.050%	$346K	$267K	20x	as long as short
Binance SOLUSDT	+0.0048%	8h	117.36	+0.004%	$972.5M	$3.27B	100x	as long as short
MEXC SOL_USDT	+0.0049%	8h	117.37	+0.010%	$450.9M	$909.9M	300x	as long as short
SoDEX SOL-USD	+0.0052%	1h	117.31	−0.041%	$6.0M	$11.2M	20x	as long as short
dYdX SOL-USD	+0.0054%	1h	117.36	+0.005%	$9.1M	$16.4M	20x	as long as short
Phemex SOLUSDT	+0.0074%	8h	117.34	−0.015%	$45.6M	$96.1M	50x	as long as short
Gate SOL_USDT	+0.0076%	8h	117.40	+0.036%	$837.5M	$570.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.38	+0.020%	$13.0M	$54.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.36	+0.002%	$2.3M	$13.2M	25x	as long as short
OKX SOL-USDT-SWAP	+0.0096%	8h	117.35	−0.007%	$361.1M	$1.53B	100x	as long as short
Variational Omni SOL	+0.0098%	8h	117.51	+0.129%	$27.3M	$91.3M	—	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.36	+0.002%	$24K	$897K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.37	+0.011%	$1.0M	$512K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	−0.037%	$5.6M	$38.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.44	+0.070%	$15.9M	$115.7M	20x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.29	−0.058%	$223K	$722K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.41	+0.042%	$1.2M	$7.4M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	−0.007%	$129.1M	$10.4M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.36	+0.005%	$130.2M	$230.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.32	−0.035%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.36	+0.002%	$23.6M	$33.6M	50x	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.42	+0.056%	$94.3M	$348.4M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.40	+0.037%	$48.0M	$25.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.66	+0.254%	$1.1M	$3.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	+0.112%	$1.3M	$9.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.34	−0.015%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.33	−0.025%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.33	−0.026%	$26K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.31	−0.037%	$191K	$1.3M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.41	+0.040%	$227.2M	$39.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	117.33	−0.027%	$8.4M	$31.1M	50x	as long as short
Phoenix SOL	+0.0109%	1h	117.54	+0.155%	$6.9M	$11.3M	25x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	117.41	+0.044%	$104K	$192K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	117.34	−0.014%	—	$204.0M	500x	as long as short
BloFin SOL-USDT	+0.0170%	8h	117.40	+0.036%	$51.7M	$55.2M	125x	as long as short
Reya SOLRUSDPERP	+0.0203%	1h	117.27	−0.071%	$1.1M	$91K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0243% / S −0.0190%	1h	117.34	−0.016%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0279%	1h	117.41	+0.048%	$2.2M	$3.5M	20x	as long as short
Hyperliquid SOL	+0.0288%	1h	117.49	+0.112%	$742.2M	$361.1M	20x	as long as short
Aftermath Perps SOLUSD	+0.0410%	1h	117.42	+0.056%	$25K	$45K	20x	as long as short