Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.011%

Price spread now: edgeX against Orderly+0.247%7-day average −0.029% · you sell dearer than you buy

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.258%−$26 · spread now +0.247%, 7d avg −0.029%

Together, before fees−0.193%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.276% dearer against Orderly than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	118.55	0.0075	pay 0.0075% / 8h	25m 09s	$1.0M	$5.9M	100x
Short	edgeX SOLUSDC	118.84	0.0100	get 0.0050% / 4h	25m 09s	$95.5M	$400.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.247%Rate

Funding earned: $5.26
Price spread: +0.247% → −0.029%: $27.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $17.9
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	2.52 bp	7.0 bp −$7	7.0 bp −$70	7.2 bp −$720	10.8 bp −$5,380

Orderly: 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
Hotstuff SOL-PERP	−0.0080%	1h	118.62	+0.062%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.49	−0.053%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.48	−0.062%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0015%	1h	118.43	−0.101%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.55	−0.001%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.61	+0.049%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.51	−0.035%	$175K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.245%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0032%	1h	118.63	+0.067%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDClong	+0.0075%	8h	118.55	long leg	$1.0M	$5.9M	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.49	−0.051%	$103K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.54	−0.011%	—	$372.6M	—	as long as short
Gate SOL_USDT	+0.0081%	8h	118.48	−0.059%	$860.0M	$681.6M	100x	as long as short
HTX SOL-USDT	+0.0084%	8h	118.44	−0.093%	$230.6M	$45.1M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.56	+0.010%	$13.4M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.56	+0.006%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.72	+0.146%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.54	−0.011%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.58	+0.028%	$8.1M	$415.3M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.43	−0.102%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.38	−0.143%	$45K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.49	−0.046%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.55	0.000%	$717.5M	$412.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.55	0.000%	$177.5M	$178.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.48	−0.057%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.57	+0.017%	$978.5M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.58	+0.022%	$822.7M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.52	−0.025%	$367.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.38	−0.143%	$232K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.47	−0.065%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.321%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.55	0.000%	$428.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.54	−0.012%	$137.9M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.52	−0.025%	$491.2M	$460.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.55	0.000%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.119%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	118.84	+0.247%	$95.5M	$400.7M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.199%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.73	+0.152%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.48	−0.059%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.53	−0.017%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.53	−0.018%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.51	−0.030%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.56	+0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.56	+0.008%	$46.3M	$103.0M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.312%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.53	−0.018%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.59	+0.033%	$32.4M	$97.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0111%	1h	118.88	+0.275%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.66	+0.094%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.54	−0.006%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.304%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.48	−0.061%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.57	+0.017%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.45	−0.081%	$1.6M	$5.2M	20x	as long as short