Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.001%

Price spread now: SunX against Coinbase International+0.028%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.028%, 7d avg −0.032%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.060% 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 −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	115.72	0.0048	pay 0.0006% / 1h	31m 18s	$7.8M	$402.8M	50x
Short	SunX SOL-USDT	115.76	0.0100	get 0.0100% / 8h	2h 31m	$188K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.92
Price spread: +0.028% → −0.032%: $6.05
Slippage, 4 orders: −$35.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$36.54
Costs to cover: 0.535%
Break-even: 30.4 days

Slippage from Coinbase International: live order book, 3 min ago; SunX: 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 Coinbase International live order book, 3 min ago	0.04 bp	5.0 bp −$5	6.8 bp −$68	14.0 bp −$1,398	doesn't fit
Sell SunX live order book, 4 min ago	3.79 bp	21.1 bp −$21	30.6 bp −$306	doesn't fit	doesn't fit

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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.69	−0.027%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0192%	1h	115.84	+0.103%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.62	−0.092%	$1.9M	$2.9M	13x	as long as short
BingX SOL-USDT	−0.0116%	8h	115.71	−0.010%	—	$368.6M	—	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.69	−0.029%	$739.8M	$1.42B	100x	as long as short
Vest SOL-PERP	−0.0097%	1h	115.75	+0.025%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.285%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.72	0.000%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.86	+0.122%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.73	+0.006%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0014%	1h	115.72	−0.001%	$4.3M	$24.1M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.77	+0.041%	$98K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	115.72	long leg	$7.8M	$402.8M	50x
Bitget SOLUSDT	+0.0068%	8h	115.65	−0.066%	$479.4M	$455.5M	100x	as long as short
Bullet SOL-USD	+0.0087%	1h	115.71	−0.013%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.73	+0.003%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.74	+0.016%	$12.9M	$60.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.74	+0.015%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.72	−0.007%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.74	+0.015%	$173.6M	$184.4M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.73	+0.006%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.77	+0.039%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.73	+0.002%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.82	+0.084%	$686.0M	$399.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.78	+0.046%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.72	−0.003%	$961.0M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.71	−0.011%	$360.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.67	−0.046%	$215K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.78	+0.048%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.102%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.70	−0.020%	$838.4M	$667.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.75	+0.023%	$359.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.74	+0.013%	$124.2M	$229.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.78	+0.049%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	+0.237%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.77	+0.045%	$92.9M	$406.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.81	+0.073%	$47.4M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.81	+0.076%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	+0.101%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.72	−0.003%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.71	−0.011%	$25K	$33K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	115.76	+0.028%	$188K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	115.69	−0.029%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.66	−0.051%	$224.1M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.74	+0.015%	$45.0M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.65	−0.062%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.72	−0.005%	—	$239.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0125%	1h	115.75	+0.024%	$26.2M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.715%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.93	+0.179%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.72	−0.006%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	+0.075%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.72	−0.005%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.81	+0.072%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0599%	1h	115.95	+0.196%	$25K	$53K	20x	as long as short