Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.036%

Price spread now: MEXC against Derive+0.052%7-day average +0.044% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.052%, 7d avg +0.044%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	116.80	−0.0010	get 0.0001% / 1h	57m 31s	$1.9M	$2.9M	13x
Short	MEXC SOL_USDT	116.86	0.0100	get 0.0100% / 8h	1h 57m	$367.7M	$1.07B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Derive. 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 DerivebpFee MEXCbpOrdersPrice spread, now +0.052%Rate

Funding earned: $23.13
Price spread: +0.052% → +0.044%: $0.77
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee MEXC: 1 bp × 2 orders: −$2
Net: $15.9
Costs to cover: 0.080%
Break-even: 2.2 days

Slippage unknown: Derive: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$290	4.7 bp −$2,339

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit SOLUSDT	−0.0105%	8h	116.80	0.000%	$739.5M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.114%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.86	+0.051%	$100K	$681K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.85	+0.045%	$33.0M	$104.0M	100x	as long as short
Vest SOL-PERP	−0.0028%	1h	116.89	+0.079%	—	$625K	20x	as long as short
Derive SOL-PERPlong	−0.0010%	1h	116.80	long leg	$1.9M	$2.9M	13x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.90	+0.086%	$42K	—	150x	as long as short
Lighter RH SOL	0.0000%	1h	116.83	+0.026%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	0.0000%	1h	116.89	+0.074%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.01	+0.180%	$1.5M	$19.4M	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	116.94	+0.124%	$110K	$3.6M	8.3x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.86	+0.052%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.90	+0.082%	$8.0M	$407.0M	50x	as long as short
Bitget SOLUSDT	+0.0057%	8h	116.78	−0.018%	$481.4M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.85	+0.043%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.86	+0.053%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.87	+0.057%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.89	+0.077%	$352K	$247K	20x	as long as short
Aster SOLUSDT	+0.0098%	8h	116.80	0.000%	$176.1M	$176.5M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.86	+0.054%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.79	−0.008%	$64K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.84	+0.037%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.99	+0.163%	$701.3M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.90	+0.086%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.83	+0.026%	$970.5M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.83	+0.026%	$371.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.83	+0.026%	$219K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.83	+0.025%	$907K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.213%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.86	+0.052%	$848.1M	$661.5M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.86	+0.052%	$367.7M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.84	+0.039%	$129.0M	$232.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.83	+0.023%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.84	+0.035%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	+0.055%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.81	+0.006%	$93.8M	$409.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	+0.097%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	+0.129%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.163%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.94	+0.120%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.92	+0.100%	$236K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.90	+0.083%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.00	+0.168%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.85	+0.039%	$226.3M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.86	+0.052%	$45.4M	$105.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	116.93	+0.110%	$26.5M	$22.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.76	−0.032%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.87	+0.061%	—	$238.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.249%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.01	+0.180%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.88	+0.070%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	+0.017%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.91	+0.095%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.90	+0.083%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.97	+0.142%	$25K	$56K	20x	as long as short