Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.063%

Price spread now: MEXC against Hibachi−0.123%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Hibachi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)−0.156%−$16 · spread now −0.123%, 7d avg −0.041%

Together, before fees−0.139%+ Points / potential airdropHibachi: Active · farm board−$14 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: MEXC is 0.082% cheaper against Hibachi than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	119.43	0.0104	pay 0.0013% / 1h	38m 49s	$122K	$634K	20x
Short	MEXC SOL_USDT	119.28	0.0100	get 0.0100% / 8h	38m 49s	$457.6M	$1.11B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hibachi. 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 HibachibpFee MEXCbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$0.84
Price spread: −0.123% → −0.041%: −$8.21
Slippage, 4 orders: −$5.12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$25.17
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Hibachi: live order book, 40 min ago; MEXC: live order book, 5 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 Hibachi live order book, 40 min ago	0.84 bp	6.6 bp −$7	17.3 bp −$173	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$266	4.7 bp −$2,349

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	119.36	−0.057%	$846	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	119.24	−0.155%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0069%	1h	119.28	−0.126%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0016%	1h	119.38	−0.040%	$5.0M	$27.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.34	−0.074%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.36	−0.056%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.34	−0.074%	$176K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0047%	1h	119.37	−0.050%	$26.7M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0049%	1h	119.35	−0.061%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0072%	8h	119.33	−0.084%	$1.1M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	119.35	−0.065%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.29	−0.116%	—	$372.2M	—	as long as short
Gate SOL_USDT	+0.0090%	8h	119.27	−0.132%	$867.5M	$677.0M	100x	as long as short
HTX SOL-USDT	+0.0091%	8h	119.26	−0.144%	$232.1M	$45.0M	75x	as long as short
Lighter SOL	+0.0096%	1h	119.28	−0.123%	$13.6M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.28	−0.124%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.29	−0.113%	$353K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.31	−0.095%	$8.2M	$417.9M	50x	as long as short
Aftermath Perps SOLUSD	+0.0099%	1h	119.47	+0.032%	$24K	$47K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.29	−0.113%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.33	−0.082%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.38	−0.038%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.37	−0.048%	$722.7M	$411.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	−0.132%	$178.9M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.39	−0.033%	$12.3M	$120.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.28	−0.123%	$984.3M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.32	−0.090%	$831.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.28	−0.123%	$372.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.040%	$234K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.35	−0.063%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.065%	$134.1M	$6.0M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.28	−0.123%	$457.6M	$1.11B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.30	−0.110%	$139.3M	$204.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.27	−0.133%	$496.7M	$456.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.29	−0.115%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	−0.014%	$27.3M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.36	−0.060%	$95.9M	$402.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	−0.023%	$48.9M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	−0.056%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.31	−0.098%	$369K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.31	−0.099%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.33	−0.082%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.30	−0.107%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.30	−0.107%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.31	−0.098%	$46.6M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.45	+0.019%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.26	−0.136%	$8.7M	$36.0M	50x	as long as short
Hibachi SOL/USDT-Plong	+0.0104%	1h	119.43	long leg	$122K	$634K	20x
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.30	−0.106%	$32.6M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.34	−0.076%	—	$224.9M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0070%	1h	119.33	−0.084%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.145%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.30	−0.109%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.28	−0.123%	$52.3M	$83.1M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.37	−0.052%	$1.7M	$5.2M	20x	as long as short