Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.008%

Price spread now: StandX against Orderly+0.135%7-day average −0.006% · you sell dearer than you buy

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

Long on Orderly Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.135%, 7d avg −0.006%

Together, before fees+0.075%+ Points / potential airdropStandX: Active · farm board+$8 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: StandX is 0.142% dearer against Orderly than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	116.61	0.0091	pay 0.0091% / 8h	4h 19m	$1.0M	$5.8M	100x
Short	StandX SOL-USD	116.77	0.0100	get 0.0013% / 1h	19m 49s	$1.3M	$12.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $1.83
Price spread: +0.135% → −0.006%: $14.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: $2.02
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; StandX: 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 StandX live order book, 4 min ago	4.28 bp	8.3 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit

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
Hibachi SOL/USDT-P	−0.0128%	1h	116.69	+0.069%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.54	−0.061%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.62	+0.003%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.61	−0.003%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.62	+0.005%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	+0.015%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.53	−0.067%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.60	−0.010%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.61	+0.001%	$7.4M	$404.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.59	−0.017%	$31.0M	$100.1M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDClong	+0.0091%	8h	116.61	long leg	$1.0M	$5.8M	100x
Lighter SOL	+0.0096%	1h	116.59	−0.015%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	−0.021%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	−0.014%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.59	−0.019%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.68	+0.060%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	−0.007%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.67	+0.050%	$704.3M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.57	−0.036%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.65	+0.035%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.59	−0.019%	$969.2M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.53	−0.070%	$781.5M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	−0.027%	$369.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	+0.110%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.64	+0.027%	$926K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.59	−0.019%	$841.2M	$663.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.60	−0.010%	$386.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.020%	$128.2M	$219.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.55	−0.053%	$478.8M	$441.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.58	−0.027%	—	$365.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.57	−0.036%	$23.4M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.50	−0.093%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.054%	$93.7M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.077%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.170%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USDshort	+0.0100%	1h	116.77	+0.135%	$1.3M	$12.9M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	116.58	−0.027%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.58	−0.028%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.59	−0.021%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.62	+0.009%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.010%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.087%	$226.1M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	−0.010%	$45.7M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.075%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	−0.060%	$8.2M	$37.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0115%	1h	116.65	+0.031%	$26.3M	$25.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.58	−0.027%	—	$231.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.101%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.77	+0.135%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.55	−0.057%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.62	+0.007%	$51.7M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0171%	1h	116.60	−0.008%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.60	−0.012%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0529%	1h	116.68	+0.061%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.69	+0.064%	$1.9M	$4.9M	20x	as long as short