Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%
Price spread now: StandX against Coinbase International+0.039%46s7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$280.276% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.039%, 7d avg −0.018%
Together, before fees−0.024%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and StandX is 0.057% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOL-PERP-INTX117.440.0064pay 0.0008% / 1h57m 27s$8.0M$403.1M50x
ShortStandX SOL-USD117.490.0100get 0.0013% / 1h57m 27s$1.3M$13.4M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
$7.56
Price spread: +0.039% → −0.018%
$5.73
Slippage, 4 orders
−$9.59
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$14.31
Costs to cover
0.276%
Break-even
20.2 days
Slippage from Coinbase International: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago0.04 bp5.2 bp −$57.3 bp −$7315.2 bp −$1,520doesn't fit
Sell StandX live order book, 2 min ago4.68 bp8.7 bp −$99.4 bp −$94doesn't fitdoesn't fit

SOL on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.59+0.129%$920$8K25xas long as short
Vest SOL-PERP−0.0057%1h117.25−0.163%$605K20xas long as short
Kraken Futures PF_SOLUSD−0.0055%1h117.43−0.010%$31.5M$98.4M100xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.43−0.012%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.33−0.096%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.56+0.099%$1.4M$20.1M3.1xas long as short
Derive SOL-PERP+0.0009%1h117.36−0.071%$2.0M$2.8M13xas long as short
HTX SOL-USDT+0.0035%8h117.34−0.086%$228.1M$45.4M75xas long as short
01 Exchange SOLUSD+0.0040%1h117.27−0.148%$100K$162K20xas long as short
Coinbase International SOL-PERP-INTXlong+0.0064%1h117.44long leg$8.0M$403.1M50x
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL+0.0068%1h117.47+0.026%$26.4M$25.4M50xas long as short
Lighter SOL+0.0072%1h117.33−0.101%$13.0M$58.9M25xas long as short
Hibachi SOL/USDT-P+0.0072%1h117.55+0.089%$100K$690K20xas long as short
BingX SOL-USDT+0.0080%8h117.28−0.138%$362.9Mas long as short
Gate SOL_USDT+0.0086%8h117.31−0.114%$848.5M$641.1M100xas long as short
Orderly PERP_SOL_USDC+0.0088%8h117.44−0.002%$1.0M$5.8M100xas long as short
Lighter RH SOL+0.0096%1h117.31−0.114%$2.1M$16.2M25xas long as short
Aevo SOL-PERP+0.0096%1h117.44−0.006%$344K$225K20xas long as short
Katana Perps SOL-USD+0.0100%8h117.24−0.174%$67K$840K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.28−0.139%$1.0M$516K50xas long as short
Nado SOL-PERP+0.0100%1h117.27−0.148%$5.8M$40.1M40xas long as short
Aster SOLUSDT+0.0100%8h117.31−0.111%$176.1M$177.4M100xas long as short
Pacifica SOL+0.0100%1h117.34−0.089%$14.5M$127.0M20xas long as short
Binance SOLUSDT+0.0100%8h117.27−0.148%$966.8M$3.73B100xas long as short
Bybit SOLUSDT+0.0100%8h117.29−0.131%$819.4M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.27−0.148%$365.4M$1.63B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.37−0.063%$238K$849K10xas long as short
Arcus SOL-USD+0.0100%1h117.28−0.137%$2.0M$9.0M20xas long as short
MEXC SOL_USDT+0.0100%8h117.26−0.157%$422.5M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.26−0.155%$130.3M$211.1M75xas long as short
Bitget SOLUSDT+0.0100%8h117.24−0.171%$486.1M$433.8M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.38−0.054%$23.7M$37.0M50xas long as short
Variational Omni SOL+0.0100%8h117.45+0.009%$24.3M$120.0Mas long as short
edgeX SOLUSDC+0.0100%4h117.44−0.007%$94.3M$405.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.55+0.086%$48.2M$28.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h117.56+0.099%$1.5M$6.0M50xas long as short
StandX SOL-USDshort+0.0100%1h117.49+0.039%$1.3M$13.4M30x
Polymarket Perps SOL-USD+0.0100%1h117.26−0.157%$352K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.42−0.017%$201K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.42−0.021%$25K$28K25xas long as short
SunX SOL-USDT+0.0100%8h117.43−0.012%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.43−0.012%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.42−0.020%$45.7M$100.4M50xas long as short
Bulk SOL-USD+0.0100%1h117.46+0.010%$134.5M$14.2M20xas long as short
Phoenix SOL+0.0101%1h117.53+0.073%$6.5M$13.2M25xas long as short
Extended SOL-USD+0.0104%1h117.22−0.188%$8.2M$36.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.55+0.088%$221.7M500xas long as short
RISEx SOL/USDC+0.0136%1h117.32−0.104%$1.9M$4.9M20xas long as short
Hyperliquid SOL+0.0137%1h117.42−0.020%$716.5M$395.4M20xas long as short
Reya SOLRUSDPERP+0.0189%1h117.25−0.167%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0218%1h117.45+0.005%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0232% / S −0.0171%1h117.42−0.021%$3.5M200xas long as short
Aftermath Perps SOLUSD+0.0362%1h117.51+0.054%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.57+0.105%$128K$3.8M8.3xas long as short