Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Reya against SunX−0.037%7-day average −0.006% · you buy dearer than you sell

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.037%, 7d avg −0.006%

Together, before fees+0.353%+ Points / potential airdropReya: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.031% cheaper against SunX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.006%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	117.31	0.0100	pay 0.0100% / 8h	5h 55m	$191K	$1.5M	30x
Short	Reya SOLRUSDPERP	117.26	0.0199	get 0.0025% / 1h	55m 39s	$1.1M	$93K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.037%Rate

Funding earned: $20.84
Price spread: −0.037% → −0.006%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $3.74
Costs to cover: 0.140%
Break-even: 5.7 days

Slippage unknown: SunX: live order book, 2 min ago; Reya: no order-book sample. 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 SunX live order book, 2 min ago	4.63 bp	23.8 bp −$24	34.4 bp −$344	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 exchanges

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	−0.0264%	1h	117.37	+0.052%	$100K	$647K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.110%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0054%	8h	117.26	−0.039%	$734.6M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0018%	1h	117.28	−0.022%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	+0.038%	$41K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.35	+0.038%	$9.3M	$17.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.058%	$1.3M	$15.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.35	+0.040%	$99K	$2.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.35	+0.036%	$26.4M	$18.5M	50x	as long as short
Vest SOL-PERP	+0.0008%	1h	117.29	−0.011%	—	$272K	20x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0029%	8h	117.25	−0.045%	$482.7M	$397.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.32	+0.014%	$8.4M	$369.8M	50x	as long as short
Aster SOLUSDT	+0.0043%	8h	117.25	−0.048%	$177.8M	$155.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0051%	8h	117.27	−0.032%	$996K	$5.2M	100x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.26	−0.039%	$101K	$181K	20x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.22	−0.069%	$348K	$258K	20x	as long as short
Binance SOLUSDT	+0.0081%	8h	117.25	−0.048%	$971.3M	$3.43B	100x	as long as short
MEXC SOL_USDT	+0.0081%	8h	117.26	−0.039%	$430.5M	$910.7M	300x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.33	+0.022%	$32.6M	$92.1M	100x	as long as short
Gate SOL_USDT	+0.0090%	8h	117.25	−0.048%	$842.8M	$584.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.27	−0.032%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.25	−0.048%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.28	−0.020%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.26	−0.039%	$45K	$879K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	0.000%	$5.7M	$39.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.31	+0.002%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.25	−0.048%	$361.6M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.27	−0.031%	$223K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.32	+0.012%	$1.3M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.036%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.27	−0.035%	$134.5M	$225.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.25	−0.049%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.29	−0.014%	$23.2M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.28	−0.026%	$25.1M	$99.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.28	−0.025%	$94.2M	$374.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	+0.037%	$48.0M	$25.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.37	+0.053%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	−0.014%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.28	−0.022%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.30	−0.001%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.28	−0.020%	$27K	$35K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	117.31	long leg	$191K	$1.5M	30x
HTX SOL-USDT	+0.0100%	8h	117.36	+0.043%	$227.0M	$41.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.31	+0.003%	$45.5M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.22	−0.076%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.30	−0.007%	—	$210.5M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.51	+0.174%	$6.6M	$11.6M	25x	as long as short
Hyperliquid SOL	+0.0198%	1h	117.39	+0.072%	$723.3M	$366.4M	20x	as long as short
Reya SOLRUSDPERPshort	+0.0199%	1h	117.26	−0.037%	$1.1M	$93K	25x
BloFin SOL-USDT	+0.0203%	8h	117.33	+0.020%	$51.6M	$57.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.389%	$4K	$117	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.31	0.000%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.35	+0.036%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0383%	1h	117.35	+0.034%	$25K	$52K	20x	as long as short