Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC−0.0123%/8h= −13.5% APRpaid last 24h +0.024%

Price spread now: MEXC against Perpl−0.046%7-day average +0.022% · you buy dearer than you sell

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

Long on Perpl Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.046%, 7d avg +0.022%

Together, before fees+0.274%+ Points / potential airdropPerpl: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.068% cheaper against Perpl than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.259%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	117.92	0.0223	pay 0.0020% / 43m	41m 21s	$128K	$3.8M	8.3x
Short	MEXC SOL_USDT	117.87	0.0100	get 0.0100% / 8h	5h 10m	$425.6M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Perpl. 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 PerplbpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$25.88
Price spread: −0.046% → +0.022%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$48.46
Costs to cover: 0.158%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; MEXC: 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 Perpl no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.42 bp	1.4 bp −$1	1.6 bp −$16	3.0 bp −$296	5.6 bp −$2,782

Perpl: 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	118.00	+0.060%	$923	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0071%	1h	117.83	−0.079%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.82	−0.088%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.86	−0.058%	$31.6M	$98.9M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.79	−0.117%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.86	−0.055%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.99	+0.053%	$4.5M	$24.1M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0022%	1h	117.90	−0.018%	$26.5M	$24.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.86	−0.054%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.00	+0.064%	$100K	$165K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.89	−0.026%	$7.9M	$404.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.87	−0.047%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.96	+0.033%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.95	+0.025%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.84	−0.071%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.97	+0.039%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.01	+0.072%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.95	+0.026%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.96	+0.029%	$177.6M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.99	+0.057%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.87	−0.049%	$971.7M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.89	−0.029%	$831.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.86	−0.054%	$366.7M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.91	−0.012%	$234K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.99	+0.059%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.034%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.96	+0.031%	$861.5M	$654.6M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	117.87	−0.046%	$425.6M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	117.98	+0.044%	$131.0M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.84	−0.070%	$488.4M	$431.6M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.88	−0.037%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.93	+0.005%	$23.7M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	−0.129%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	−0.074%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.200%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	−0.080%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.80	−0.105%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	−0.012%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.86	−0.051%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.85	−0.062%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.86	−0.054%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.81	−0.099%	$228.8M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.92	−0.003%	$46.0M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.81	−0.097%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.82	−0.089%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.97	+0.035%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	−0.029%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.06	+0.113%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.99	+0.056%	$721.9M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.84	−0.074%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.368%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	−0.063%	$52.0M	$71.6M	125x	as long as short
Perpl SOLlong	+0.0223%	43m	117.92	long leg	$128K	$3.8M	8.3x
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.86	−0.058%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0402%	1h	117.85	−0.061%	$25K	$52K	20x	as long as short