Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit−0.145%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.145%, 7d avg −0.021%

Together, before fees+0.194%+$19 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: SunX is 0.124% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	117.45	0.0100	pay 0.0100% / 8h	5h 57m	$820.6M	$1.24B	100x
Short	SunX SOL-USDT	117.28	0.0100	get 0.0100% / 8h	5h 57m	$190K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.021%: −$12.44
Slippage, 4 orders: −$35.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$67.15
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 9 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, 2 min ago	0.43 bp	5.9 bp −$6	7.1 bp −$71	10.8 bp −$1,080	22.2 bp −$11.1K
Sell SunX live order book, 9 min ago	4.40 bp	21.9 bp −$22	31.5 bp −$315	doesn't fit	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.59	+0.123%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.25	−0.168%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.30	−0.129%	$31.5M	$98.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.30	−0.124%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.33	−0.101%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.34	−0.096%	$1.4M	$20.1M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.22	−0.197%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0033%	8h	117.23	−0.190%	$227.8M	$45.5M	75x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	117.27	−0.153%	$100K	$162K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	117.33	−0.100%	$26.3M	$25.3M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.31	−0.116%	$8.0M	$402.1M	50x	as long as short
Lighter SOL	+0.0072%	1h	117.29	−0.135%	$13.0M	$58.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.44	−0.006%	$100K	$690K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.35	−0.085%	—	$363.1M	—	as long as short
Gate SOL_USDT	+0.0086%	8h	117.29	−0.136%	$848.3M	$641.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.30	−0.124%	$1.0M	$5.8M	100x	as long as short
Lighter RH SOL	+0.0096%	1h	117.30	−0.128%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.30	−0.130%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.24	−0.179%	$67K	$840K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.28	−0.144%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.27	−0.153%	$5.8M	$40.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.33	−0.104%	$176.1M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.34	−0.094%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.44	−0.009%	$968.2M	$3.73B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	117.45	long leg	$820.6M	$1.24B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.41	−0.034%	$365.7M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.068%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.28	−0.142%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.35	−0.085%	$423.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.36	−0.075%	$130.4M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.42	−0.029%	$486.8M	$433.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.085%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.004%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	−0.012%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.55	+0.081%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.56	+0.094%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	+0.034%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.26	−0.162%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.31	−0.120%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.27	−0.153%	$25K	$28K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.28	−0.145%	$190K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.29	−0.136%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.33	−0.102%	$45.7M	$100.3M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.005%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.068%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.39	−0.053%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.43	−0.016%	—	$221.2M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.32	−0.109%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0170%	1h	117.43	−0.018%	$716.6M	$395.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.25	−0.172%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	0.000%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.30	−0.127%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0363%	1h	117.48	+0.023%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.34	−0.097%	$128K	$3.8M	8.3x	as long as short