Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:50 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against Perpl−0.007%7-day average +0.009% · you buy dearer than you sell

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

Long on Perpl Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now −0.007%, 7d avg +0.009%

Together, before fees+0.080%+ Points / potential airdropPerpl: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	117.42	0	get 0.0000% / 43m	14m 07s	$99K	$2.9M	8.3x
Short	SunX SOL-USDT	117.41	0.0100	get 0.0100% / 8h	6h 59m	$190K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $21
Price spread: −0.007% → +0.009%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$2.42
Costs to cover: 0.218%
Break-even: 7.8 days

Slippage unknown: Perpl: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	4.13 bp	21.1 bp −$21	31.8 bp −$318	doesn't fit	doesn't fit

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 54 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	117.52	+0.089%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0053%	8h	117.38	−0.031%	$734.6M	$1.31B	100x	as long as short
SoDEX SOL-USD	−0.0015%	1h	117.38	−0.031%	$6.2M	$11.1M	20x	as long as short
Vest SOL-PERP	−0.0009%	1h	117.39	−0.019%	—	$288K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.56	+0.120%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	+0.009%	$1.3M	$17.7M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	117.42	long leg	$99K	$2.9M	8.3x
Phemex SOLUSDT	+0.0007%	8h	117.35	−0.056%	$45.6M	$101.6M	50x	as long as short
Bitget SOLUSDT	+0.0024%	8h	117.39	−0.022%	$484.2M	$425.4M	100x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.34	−0.916%	$4K	$120	12x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.41	−0.004%	$8.2M	$385.2M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.45	+0.029%	$101K	$182K	20x	as long as short
Aster SOLUSDT	+0.0051%	8h	117.38	−0.031%	$178.5M	$164.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0053%	1h	117.43	+0.008%	$26.4M	$20.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0063%	8h	117.34	−0.060%	$997K	$5.5M	100x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.56	+0.119%	$98K	$654K	20x	as long as short
dYdX SOL-USD	+0.0073%	1h	117.46	+0.035%	$8.2M	$20.1M	20x	as long as short
Lighter RH SOL	+0.0088%	1h	117.38	−0.031%	$2.2M	$13.4M	25x	as long as short
Lighter SOL	+0.0096%	1h	117.39	−0.019%	$13.1M	$54.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.35	−0.059%	$358K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.38	−0.034%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.42	+0.003%	$44K	$838K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.36	−0.051%	$5.5M	$40.3M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.48	+0.055%	$16.0M	$121.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.37	−0.039%	$970.7M	$3.62B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.39	−0.022%	$364.5M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.49	+0.063%	$221K	$808K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.45	+0.026%	$941K	$8.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.39	−0.022%	$855.0M	$582.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.38	−0.031%	$422.9M	$973.6M	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.41	−0.003%	$134.1M	$232.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.40	−0.017%	—	$352.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.39	−0.022%	$23.2M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.40	−0.011%	$25.3M	$101.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.53	+0.100%	$94.4M	$410.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.040%	$48.1M	$26.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.58	+0.140%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.53	+0.097%	$1.3M	$10.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.38	−0.031%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.37	−0.038%	$284K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.36	−0.049%	$27K	$34K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.41	−0.007%	$190K	$1.6M	30x
HTX SOL-USDT	+0.0100%	8h	117.36	−0.045%	$227.1M	$46.5M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	+0.196%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.29	−0.105%	$8.4M	$34.3M	50x	as long as short
Hyperliquid SOL	+0.0114%	1h	117.52	+0.089%	$714.4M	$386.7M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.56	+0.120%	—	$214.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.64	+0.191%	$6.5M	$12.6M	25x	as long as short
Kraken Futures PF_SOLUSD	+0.0184%	1h	117.42	+0.002%	$32.4M	$98.8M	100x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	117.32	−0.082%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.39	−0.022%	$52.1M	$59.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.55	+0.111%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0273%	1h	117.41	−0.007%	$2.2M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	117.59	+0.147%	$25K	$53K	20x	as long as short