Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.001%

Price spread now: MEXC against Coinbase International−0.007%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.007%, 7d avg −0.017%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	117.90	0.0072	pay 0.0009% / 1h	44m 32s	$7.9M	$411.6M	50x
Short	MEXC SOL_USDT	117.89	0.0100	get 0.0100% / 8h	6h 44m	$423.3M	$1.10B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −0.007%Rate

Funding earned: $5.88
Price spread: −0.007% → −0.017%: $1.06
Slippage, 4 orders: −$1.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$6.98
Costs to cover: 0.139%
Break-even: 15.3 days

Slippage from Coinbase International: live order book, 5 min ago; MEXC: live order book, 10 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 Coinbase International live order book, 5 min ago	0.04 bp	5.0 bp −$5	7.0 bp −$70	15.2 bp −$1,523	doesn't fit
Sell MEXC live order book, 10 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$258	6.2 bp −$3,089

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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.163%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.00	+0.083%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.92	+0.014%	$922	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.88	−0.011%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0037%	8h	117.82	−0.068%	$229.1M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.81	−0.074%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0011%	8h	117.88	−0.015%	$852.0M	$653.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.90	+0.001%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.92	+0.021%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.94	+0.032%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.94	+0.035%	$128K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.95	+0.044%	$2.0M	$4.7M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0038%	1h	117.91	+0.008%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.85	−0.045%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0072%	1h	117.90	long leg	$7.9M	$411.6M	50x
BingX SOL-USDC	+0.0080%	8h	117.83	−0.058%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	117.89	−0.008%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.02	+0.103%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.89	−0.008%	$13.0M	$59.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.88	−0.014%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.87	−0.020%	$345K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.89	−0.007%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.89	−0.007%	$49K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.00	+0.087%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.91	+0.010%	$177.1M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.034%	$14.0M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.99	+0.078%	$978.9M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.03	+0.112%	$824.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.99	+0.078%	$369.4M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.84	−0.049%	$239K	$895K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.98	+0.067%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	117.89	−0.007%	$423.3M	$1.10B	300x
KuCoin SOLUSDTM	+0.0100%	8h	117.94	+0.037%	$133.8M	$208.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.97	+0.065%	$489.7M	$446.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.89	−0.007%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	+0.092%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.139%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.221%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.94	+0.036%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.95	+0.044%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.89	−0.004%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.89	−0.011%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	−0.001%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.86	−0.032%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.90	+0.002%	$45.9M	$101.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.146%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.273%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.90	+0.006%	$8.2M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0109%	1h	117.99	+0.080%	$718.8M	$402.7M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.89	−0.003%	—	$228.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.93	+0.026%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.120%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.256%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.89	−0.007%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0309%	1h	118.03	+0.114%	$25K	$51K	20x	as long as short