Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.042%

Price spread now: SunX against dYdX+0.186%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now +0.186%, 7d avg −0.028%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.214% dearer against dYdX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	117.40	0	get 0.0000% / 1h	55m 38s	$4.5M	$24.1M	20x
Short	SunX SOL-USDT	117.62	0.0100	get 0.0100% / 8h	5h 55m	$191K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.186%Rate

Funding earned: $21
Price spread: +0.186% → −0.028%: $21.4
Slippage, 4 orders: −$54.42
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$30.02
Costs to cover: 0.724%
Break-even: 17.0 days

Slippage from dYdX: live order book, 4 min ago; SunX: 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 dYdX live order book, 4 min ago	9.78 bp	14.8 bp −$15	14.8 bp −$148	18.8 bp −$1,879	39.9 bp −$20.0K
Sell SunX live order book, 10 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
ApeX Omni SOLUSDT	−0.0279%	1h	117.27	−0.112%	$1.5M	$5.9M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.46	+0.048%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.50	+0.081%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.54	+0.122%	$31.5M	$98.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.58	+0.156%	$56K	—	150x	as long as short
dYdX SOL-USDlong	0.0000%	1h	117.40	long leg	$4.5M	$24.1M	20x
Kalshi KXSOLPERP	0.0000%	8h	117.64	+0.207%	$1.4M	$19.6M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.52	+0.100%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.55	+0.125%	$228.4M	$45.5M	75x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.40	−0.001%	$100K	$162K	20x	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	117.56	+0.134%	$8.0M	$402.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.44	+0.036%	$100K	$690K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	117.61	+0.180%	$26.4M	$25.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.39	−0.011%	—	$363.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.60	+0.173%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.39	−0.006%	$13.1M	$58.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.42	+0.012%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.60	+0.170%	$345K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.35	−0.044%	$67K	$838K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.42	+0.019%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.60	+0.169%	$5.8M	$39.9M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.43	+0.023%	$176.2M	$177.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.43	+0.023%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.39	−0.013%	$967.8M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.39	−0.010%	$820.2M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.36	−0.035%	$365.9M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	+0.178%	$237K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.40	+0.002%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.40	−0.001%	$134.9M	$15.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.41	+0.007%	$849.2M	$641.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	−0.001%	$424.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.40	−0.004%	$130.4M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.38	−0.021%	$486.6M	$433.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.53	+0.110%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.64	+0.200%	$24.3M	$119.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.29	−0.091%	$94.2M	$399.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.42	+0.015%	$48.1M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	+0.076%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.62	+0.186%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.60	+0.172%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.58	+0.152%	$25K	$28K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.62	+0.186%	$191K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.56	+0.135%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.54	+0.118%	$45.8M	$100.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.110%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.36	−0.034%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.29	−0.091%	—	$221.4M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.43	+0.028%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0164%	1h	117.54	+0.118%	$717.3M	$395.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.61	+0.175%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	+0.042%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.62	+0.187%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0364%	1h	117.53	+0.110%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.70	+0.254%	$128K	$3.8M	8.3x	as long as short