Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX+0.075%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.075%, 7d avg −0.028%

Together, before fees−0.067%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.103% dearer against edgeX than usual: you sell high and buy low, +$10 on $10k if it 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	edgeX SOLUSDC	117.84	0.0100	pay 0.0050% / 4h	1h 10m	$94.6M	$391.1M	75x
Short	Extended SOL-USD	117.92	0.0104	get 0.0013% / 1h	10m 50s	$8.2M	$36.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0.84
Price spread: +0.075% → −0.028%: $10.29
Slippage, 4 orders: −$5.94
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.81
Costs to cover: 0.199%
Break-even: 80.4 days

Slippage from edgeX: live order book, 3 min ago; Extended: live order book, 3 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 edgeX live order book, 3 min ago	2.55 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$713	10.8 bp −$5,391
Sell Extended live order book, 3 min ago	0.42 bp	2.9 bp −$3	3.9 bp −$39	7.8 bp −$783	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
Hotstuff SOL-PERP	−0.0080%	1h	117.75	−0.076%	$921	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0079%	1h	117.88	+0.037%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.74	−0.080%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.93	+0.077%	$31.6M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.82	−0.015%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.87	+0.028%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.73	−0.091%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.85	+0.007%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.84	+0.003%	$100K	$166K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.95	+0.095%	$7.9M	$404.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	117.91	+0.064%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.91	+0.065%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.90	+0.052%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.92	+0.071%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.80	−0.031%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.79	−0.042%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.72	−0.099%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.95	+0.095%	$177.6M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.80	−0.027%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.98	+0.122%	$972.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	+0.139%	$832.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.97	+0.113%	$366.6M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.62	−0.184%	$234K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.82	−0.018%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.108%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.93	+0.079%	$860.0M	$654.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.97	+0.113%	$426.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	+0.078%	$130.9M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.95	+0.095%	$488.9M	$431.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.98	+0.122%	—	$363.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.93	+0.079%	$23.7M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	−0.055%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.84	long leg	$94.6M	$391.1M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.126%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	−0.006%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.72	−0.099%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.82	−0.014%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	+0.006%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	+0.054%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.91	+0.062%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.81	−0.026%	$228.8M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.92	+0.071%	$46.0M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.81	−0.023%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USDshort	+0.0104%	1h	117.92	+0.075%	$8.2M	$36.1M	50x
Deribit SOL_USDC-PERPETUAL	+0.0109%	1h	117.97	+0.112%	$26.5M	$24.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.69	−0.121%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.045%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.90	+0.053%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0175%	1h	118.04	+0.172%	$722.2M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.80	−0.035%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.294%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	+0.011%	$52.0M	$71.6M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.81	−0.020%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.84	+0.006%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0416%	1h	117.89	+0.049%	$25K	$52K	20x	as long as short