Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h −0.042%

Price spread now: SunX against RISEx−0.019%7-day average −0.031% · 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−$49as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$9 on $10k

Price spread, last 3 days (all we have)−0.053%−$5 · spread now −0.019%, 7d avg −0.031%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	117.56	0.0018	pay 0.0002% / 1h	15m 20s	$1.9M	$4.8M	20x
Short	SunX SOL-USDT	117.54	0.0100	get 0.0100% / 8h	6h 15m	$191K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $17.16
Price spread: −0.019% → −0.031%: $1.21
Slippage, 4 orders: −$35.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.38
Costs to cover: 0.497%
Break-even: 19.8 days

Slippage from RISEx: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.04 bp	4.1 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	4.27 bp	21.4 bp −$21	39.0 bp −$390	doesn't fit	doesn't fit

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	117.53	−0.024%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	117.51	−0.044%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	+0.009%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	+0.006%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.54	−0.016%	$1.4M	$20.8M	3.1x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	117.62	+0.049%	$100K	$691K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0015%	1h	117.60	+0.039%	$26.4M	$25.6M	50x	as long as short
RISEx SOL/USDClong	+0.0018%	1h	117.56	long leg	$1.9M	$4.8M	20x
Derive SOL-PERP	+0.0023%	1h	117.50	−0.054%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.58	+0.019%	$31.6M	$99.0M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0055%	1h	117.69	+0.111%	$1.5M	$6.0M	50x	as long as short
Gate SOL_USDT	+0.0057%	8h	117.57	+0.009%	$850.1M	$664.6M	100x	as long as short
HTX SOL-USDT	+0.0063%	8h	117.47	−0.072%	$228.3M	$45.6M	75x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.59	+0.025%	$8.0M	$408.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.58	+0.014%	—	$370.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.57	+0.011%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.52	−0.033%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.51	−0.042%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.56	+0.001%	$103K	$157K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.57	+0.014%	$345K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.56	−0.003%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.033%	$64K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.54	−0.016%	$5.8M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.56	+0.001%	$176.4M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	+0.002%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.57	+0.005%	$968.6M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.59	+0.026%	$819.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	+0.018%	$365.8M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.042%	$238K	$890K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.55	−0.012%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	−0.029%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.59	+0.026%	$424.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	+0.017%	$130.6M	$210.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.55	−0.008%	$487.3M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.53	−0.025%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.030%	$24.3M	$121.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.63	+0.063%	$94.5M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.76	+0.170%	$48.2M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.54	−0.016%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.55	−0.008%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.57	+0.006%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.56	−0.003%	$37K	$16K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.54	−0.019%	$191K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.57	+0.009%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.55	−0.008%	$45.8M	$101.4M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.76	+0.171%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.54	−0.015%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0108%	1h	117.69	+0.111%	$719.9M	$400.7M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.54	−0.020%	—	$225.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.56	−0.003%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.265%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.57	+0.008%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.69	+0.114%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.52	−0.037%	$128K	$3.9M	8.3x	as long as short