Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.037%

Price spread now: MEXC against RISEx−0.117%7-day average +0.004% · 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−$23as in the Price arb table

costs, in and out, $10k−$110.106% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.102%−$10 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.117%, 7d avg +0.004%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and MEXC is 0.121% cheaper against RISEx than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.102% in total (about -10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	117.14	0.0547	pay 0.0068% / 1h	4m 03s	$2.1M	$4.9M	20x
Short	MEXC SOL_USDT	117.00	0.0100	get 0.0100% / 8h	2h 04m	$363.9M	$1.09B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$93.84
Price spread: −0.117% → +0.004%: −$12.06
Slippage, 4 orders: −$2.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$116.54
Costs to cover: 0.106%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; MEXC: live order book, 5 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 RISEx live order book, 5 min ago	0.04 bp	4.6 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$275	5.8 bp −$2,909

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
Kraken Futures PF_SOLUSD	−0.0239%	1h	117.01	−0.109%	$33.0M	$104.1M	100x	as long as short
BingX SOL-USDC	−0.0104%	8h	116.97	−0.143%	—	$10.7M	—	as long as short
Bybit SOLUSDT	−0.0104%	8h	116.96	−0.148%	$742.0M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.12	−0.011%	$104K	$688K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.11	−0.023%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0034%	1h	117.04	−0.081%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.97	−0.146%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.06	−0.066%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.11	−0.022%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.09	−0.037%	$111K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0008%	1h	117.10	−0.033%	$4.4M	$23.8M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	117.09	−0.040%	$101K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	117.02	−0.098%	$7.9M	$407.8M	50x	as long as short
Bitget SOLUSDT	+0.0061%	8h	116.96	−0.148%	$482.1M	$461.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	117.06	−0.068%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.00	−0.117%	$13.1M	$61.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.98	−0.130%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.01	−0.106%	$352K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	117.03	−0.091%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.07	−0.059%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.05	−0.075%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.11	−0.023%	$701.8M	$408.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.99	−0.129%	$176.3M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.11	−0.025%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.98	−0.134%	$973.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.99	−0.126%	$372.6M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.02	−0.100%	$218K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.08	−0.050%	$910K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.95	−0.160%	$125.5M	$23.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.99	−0.126%	$846.7M	$676.9M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	117.00	−0.117%	$363.9M	$1.09B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.99	−0.125%	$128.8M	$231.4M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.01	−0.108%	$23.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.05	−0.070%	$24.8M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.99	−0.123%	$93.9M	$410.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.02	−0.100%	$47.9M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.06	−0.068%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.06	−0.066%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.05	−0.074%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.05	−0.071%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.04	−0.080%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.06	−0.069%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.99	−0.126%	$6.2M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.07	−0.055%	$226.7M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.04	−0.083%	$45.5M	$105.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.97	−0.143%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.10	−0.030%	—	$238.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0159%	1h	117.09	−0.038%	$26.5M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	−0.040%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.18	+0.037%	$6.6M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	117.00	−0.113%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.08	−0.049%	$51.6M	$68.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.07	−0.059%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0490%	1h	117.00	−0.118%	$25K	$56K	20x	as long as short
RISEx SOL/USDClong	+0.0547%	1h	117.14	long leg	$2.1M	$4.9M	20x