Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.003%

Price spread now: 01 Exchange against MEXC−0.026%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.026%, 7d avg +0.026%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.052% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	116.57	0.0100	pay 0.0100% / 8h	1h 29m	$363.7M	$1.08B	300x
Short	01 Exchange SOLUSD	116.54	0.0040	get 0.0005% / 1h	29m 47s	$100K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against MEXC. 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 MEXCbpFee 01 ExchangebpOrdersPrice spread, now −0.026%Rate

Funding earned: −$12.6
Price spread: −0.026% → +0.026%: −$5.19
Slippage, 4 orders: −$7.62
Fee MEXC: 1 bp × 2 orders: −$2
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$34.41
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; 01 Exchange: live order book, 14 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 MEXC live order book, 4 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$266	5.8 bp −$2,917
Sell 01 Exchange live order book, 14 min ago	0.43 bp	7.6 bp −$8	11.9 bp −$119	doesn't fit	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
Hibachi SOL/USDT-P	−0.0152%	1h	116.52	−0.047%	$98K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.54	−0.029%	$740.8M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.48	−0.081%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.57	−0.003%	$32.2M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.208%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0024%	1h	116.49	−0.065%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.049%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.51	−0.051%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.50	−0.062%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.49	−0.069%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.53	−0.031%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSDshort	+0.0040%	1h	116.54	−0.026%	$100K	$177K	20x
Bitget SOLUSDT	+0.0045%	8h	116.54	−0.022%	$480.1M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.58	+0.007%	$8.0M	$404.1M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.56	−0.009%	$175.9M	$172.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.54	−0.028%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.52	−0.040%	$1.0M	$552K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.53	−0.034%	$13.0M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.53	−0.033%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.44	−0.112%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.45	−0.103%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	+0.069%	$698.2M	$409.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.51	−0.052%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.56	−0.007%	$967.6M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.55	−0.017%	$368.6M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.49	−0.069%	$216K	$880K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	−0.059%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.103%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.57	0.000%	$846.9M	$668.7M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	116.57	long leg	$363.7M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.57	−0.003%	$129.9M	$232.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.55	−0.017%	—	$374.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.53	−0.034%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.090%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.42	−0.132%	$93.5M	$410.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.077%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	−0.029%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.48	−0.077%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	−0.051%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.54	−0.025%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.53	−0.038%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	−0.065%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.53	−0.034%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.052%	$225.6M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	−0.026%	$45.3M	$105.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.52	−0.039%	$8.0M	$39.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	116.60	+0.028%	$26.4M	$21.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.51	−0.055%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.060%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.47	−0.086%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.49	−0.072%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.069%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.52	−0.045%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	−0.006%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0506%	1h	116.55	−0.016%	$25K	$56K	20x	as long as short