Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Extended+0.099%53s7-day average +0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.191% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.099%, 7d avg +0.029%

Together, before fees−0.101%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$10 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: edgeX is 0.070% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	117.41	0.0104	pay 0.0013% / 1h	0m 17s	$8.2M	$36.0M	50x
Short	edgeX SOLUSDC	117.52	0.0100	get 0.0050% / 4h	2h 00m	$94.4M	$404.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$0.84
Price spread: +0.099% → +0.029%: $7.05
Slippage, 4 orders: −$5.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.87
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; edgeX: 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 Extended live order book, 4 min ago	0.43 bp	2.9 bp −$3	3.0 bp −$30	7.1 bp −$708	doesn't fit
Sell edgeX live order book, 4 min ago	0.85 bp	5.4 bp −$5	5.4 bp −$54	5.4 bp −$544	8.8 bp −$4,407

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
Hotstuff SOL-PERP	−0.0080%	1h	117.47	+0.051%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.37	−0.029%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.39	−0.014%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.42	+0.012%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.50	+0.076%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.47	+0.055%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.33	−0.069%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.35	−0.052%	$228.0M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.49	+0.072%	$31.5M	$98.4M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0061%	1h	117.52	+0.096%	$26.4M	$25.6M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.54	+0.111%	$100K	$690K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.50	+0.083%	$7.9M	$404.5M	50x	as long as short
Gate SOL_USDT	+0.0074%	8h	117.39	−0.015%	$848.0M	$668.7M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.40	−0.004%	—	$368.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.41	+0.002%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.44	+0.029%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.43	+0.022%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.45	+0.036%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.43	+0.022%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.45	+0.036%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.42	+0.010%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.45	+0.036%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.43	+0.018%	$176.2M	$177.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.47	+0.050%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.39	−0.015%	$967.8M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.41	+0.002%	$819.6M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.40	−0.007%	$366.0M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.032%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.45	+0.033%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	−0.007%	$423.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.43	+0.020%	$130.5M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.38	−0.027%	$486.5M	$435.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	+0.053%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.040%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.52	+0.099%	$94.4M	$404.7M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	+0.015%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.51	+0.087%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.48	+0.062%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.41	+0.002%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.40	−0.010%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.40	−0.004%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	−0.034%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.062%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.062%	$45.7M	$100.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.041%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.104%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USDlong	+0.0104%	1h	117.41	long leg	$8.2M	$36.0M	50x
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	+0.045%	—	$221.8M	500x	as long as short
Hyperliquid SOL	+0.0123%	1h	117.55	+0.121%	$717.0M	$395.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.38	−0.027%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	+0.036%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.39	−0.014%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0360%	1h	117.50	+0.076%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.45	+0.035%	$128K	$3.8M	8.3x	as long as short