Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against SoDEX−0.092%7-day average +0.012% · 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−$22as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.470%+$47 · spread now −0.092%, 7d avg +0.012%

Together, before fees+0.474%+$47 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: MEXC is 0.104% cheaper against SoDEX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	119.21	0.0100	pay 0.0013% / 1h	31m 47s	$6.2M	$10.9M	20x
Short	MEXC SOL_USDT	119.10	0.0100	get 0.0100% / 8h	3h 31m	$474.9M	$1.05B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.012%: −$10.4
Slippage, 4 orders: −$1.68
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$22.08
Costs to cover: 0.117%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; MEXC: live order book, 3 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 SoDEX live order book, 3 min ago	0.42 bp	4.4 bp −$4	4.8 bp −$48	14.1 bp −$1,410	doesn't fit
Sell MEXC live order book, 3 min ago	0.42 bp	1.4 bp −$1	2.1 bp −$21	3.0 bp −$299	4.7 bp −$2,362

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
Vest SOL-PERP	−0.0097%	1h	119.10	−0.093%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.26	+0.045%	$846	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0067%	1h	119.08	−0.108%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.16	−0.044%	$4.9M	$26.4M	20x	as long as short
Derive SOL-PERP	−0.0001%	1h	119.18	−0.024%	$2.0M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.17	−0.038%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.24	+0.025%	$1.2M	$20.9M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.11	−0.084%	$197K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.30	+0.077%	$26.8M	$27.8M	50x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	119.20	−0.008%	$105K	$148K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.19	−0.016%	$232.3M	$43.1M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0054%	8h	119.25	+0.037%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTM	+0.0065%	8h	119.13	−0.070%	$137.5M	$181.3M	75x	as long as short
Bitget SOLUSDT	+0.0078%	8h	119.13	−0.070%	$498.0M	$447.7M	100x	as long as short
Gate SOL_USDT	+0.0080%	8h	119.14	−0.059%	$860.2M	$673.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.13	−0.068%	$13.4M	$51.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.12	−0.074%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.24	+0.028%	$354K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	119.06	−0.124%	$1.0M	$490K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.22	+0.008%	$48K	$777K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.19	−0.017%	$5.6M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.27	+0.050%	$719.8M	$434.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.14	−0.059%	$179.8M	$172.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.15	−0.052%	$13.4M	$108.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.10	−0.088%	$977.5M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.13	−0.067%	$821.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.12	−0.075%	$367.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	+0.025%	$236K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.25	+0.038%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.26	+0.039%	$133.2M	$15.2M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.10	−0.092%	$474.9M	$1.05B	300x
BingX SOL-USDT	+0.0100%	8h	119.18	−0.023%	—	$367.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.17	−0.034%	$24.4M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.20	−0.011%	$27.6M	$120.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	−0.036%	$95.7M	$390.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.18	−0.025%	$48.8M	$33.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.39	+0.148%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	−0.092%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.042%	$363K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.13	−0.069%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.25	+0.029%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.23	+0.018%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	119.21	long leg	$6.2M	$10.9M	20x
Phemex SOLUSDT	+0.0100%	8h	119.20	−0.008%	$46.6M	$98.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.12	−0.077%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.28	+0.055%	$8.1M	$409.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	119.27	+0.051%	—	$214.7M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0130%	1h	119.27	+0.051%	$36.5M	$90.6M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	119.13	−0.065%	$130K	$580K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.25	+0.034%	$7.2M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.20	−0.007%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.11	−0.082%	$1.1M	$552K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.101%	$51.6M	$90.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0180%	1h	119.15	−0.049%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.29	−0.772%	$4K	$2K	12x	as long as short