Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.174%

Price spread now: SunX against Injective−0.656%7-day average — · you buy dearer than you sell

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

Long on Injective Short on SunX

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—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.656% cheaper against Injective than usual: you would sell low and buy high (−$66 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SOL/USDC PERP	116.55	0.0173	pay 0.0022% / 1h	33m 20s	$4K	$2K	12x
Short	SunX SOL-USDT	115.79	0.0100	get 0.0100% / 8h	2h 33m	$188K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now −0.656%Rate

Funding earned: −$15.32
Price spread: −0.656% → 0.000%: −$65.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 12 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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 12 min ago	2.31 bp	21.3 bp −$21	29.2 bp −$292	doesn't fit	doesn't fit

Injective: 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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.81	−0.632%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	−0.594%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.70	−0.727%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.74	−0.695%	$740.1M	$1.42B	100x	as long as short
BingX SOL-USDC	−0.0115%	8h	115.74	−0.698%	—	$10.6M	—	as long as short
Vest SOL-PERP	−0.0103%	1h	115.80	−0.641%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.06	−0.418%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.79	−0.652%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.83	−0.619%	$1.5M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.81	−0.632%	$113K	$3.7M	8.3x	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	+0.0008%	1h	115.80	−0.644%	$99K	$176K	20x	as long as short
dYdX SOL-USD	+0.0015%	1h	115.80	−0.644%	$4.3M	$24.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.81	−0.637%	$7.8M	$403.7M	50x	as long as short
Bitget SOLUSDT	+0.0069%	8h	115.76	−0.680%	$479.3M	$454.7M	100x	as long as short
Bullet SOL-USD	+0.0083%	1h	115.77	−0.666%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	115.80	−0.645%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.78	−0.656%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.77	−0.668%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	−0.643%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.81	−0.635%	$64K	$907K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.76	−0.676%	$173.7M	$184.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.79	−0.653%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.76	−0.675%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.86	−0.592%	$686.4M	$399.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.80	−0.642%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.84	−0.609%	$962.0M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.78	−0.661%	$361.0M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	−0.601%	$216K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.87	−0.585%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	−0.268%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.77	−0.669%	$838.6M	$666.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.78	−0.661%	$356.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.78	−0.662%	$123.6M	$229.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.82	−0.626%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	−0.474%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	−0.362%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	−0.480%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	−0.311%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.95	−0.515%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.76	−0.678%	$318K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.77	−0.666%	$25K	$33K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	115.79	−0.656%	$188K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	115.79	−0.652%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.77	−0.666%	$224.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.84	−0.609%	$45.1M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.74	−0.696%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.79	−0.655%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	115.85	−0.597%	$26.2M	$22.0M	50x	as long as short
Injective SOL/USDC PERPlong	+0.0173%	1h	116.55	long leg	$4K	$2K	12x
Phoenix SOL	+0.0179%	1h	116.11	−0.378%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.75	−0.690%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	−0.635%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.78	−0.661%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.91	−0.553%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0604%	1h	116.02	−0.452%	$25K	$53K	20x	as long as short