Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: SunX against SoDEX+0.030%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.030%, 7d avg −0.006%

Together, before fees−0.029%−$3 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: SunX is 0.036% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.49	0.0100	pay 0.0013% / 1h	29m 18s	$6.1M	$10.9M	20x
Short	SunX SOL-USDT	116.52	0.0100	get 0.0100% / 8h	1h 29m	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.006%: $3.57
Slippage, 4 orders: −$22.37
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.8
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; SunX: live order book, 6 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, 5 min ago	0.43 bp	4.4 bp −$4	4.7 bp −$47	16.6 bp −$1,663	doesn't fit
Sell SunX live order book, 6 min ago	4.18 bp	20.2 bp −$20	24.6 bp −$246	doesn't fit	doesn't fit

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
Hibachi SOL/USDT-P	−0.0152%	1h	116.52	+0.021%	$98K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0117%	8h	116.47	−0.017%	$740.3M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.58	+0.077%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.52	+0.028%	$32.2M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.139%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0025%	1h	116.50	+0.010%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	+0.020%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.51	+0.017%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.56	+0.058%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.49	−0.001%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.54	+0.039%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.59	+0.086%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0044%	8h	116.48	−0.009%	$479.7M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.53	+0.033%	$8.0M	$403.9M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.49	+0.003%	$175.8M	$171.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.51	+0.015%	$1.0M	$6.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0093%	1h	116.55	+0.053%	$26.4M	$21.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.61	+0.106%	$1.0M	$552K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.56	+0.058%	$13.0M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.50	+0.008%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	+0.026%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	+0.034%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.61	+0.103%	$698.0M	$409.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	+0.081%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	+0.001%	$967.0M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.49	0.000%	$368.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.49	0.000%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.58	+0.081%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.034%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.55	+0.052%	$846.7M	$669.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.50	+0.009%	$363.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.54	+0.045%	$129.9M	$232.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.50	+0.006%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.53	+0.034%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.022%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	−0.038%	$93.5M	$410.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.006%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	+0.039%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.017%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	+0.017%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	+0.015%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	+0.021%	$27K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.52	+0.030%	$189K	$1.8M	30x
SoDEX SOL-USDlong	+0.0100%	1h	116.49	long leg	$6.1M	$10.9M	20x
HTX SOL-USDT	+0.0100%	8h	116.51	+0.017%	$225.6M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.53	+0.034%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.45	−0.038%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.59	+0.083%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.009%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.68	+0.163%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.031%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	0.000%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.52	+0.023%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.063%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0502%	1h	116.56	+0.057%	$25K	$57K	20x	as long as short