Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0461%/8h= +50.5% APRpaid last 24h +0.034%
Price spread now: RISEx against SunX+0.123%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$520.519% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.094%+$9 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.123%, 7d avg +0.032%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.091% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.032%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.094% in total (about 9.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SOL-USDT116.650.0100pay 0.0100% / 8h3h 20m$189K$1.8M30x
ShortRISEx SOL/USDC116.800.0561get 0.0070% / 1h20m 25s$1.9M$4.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$96.8
Price spread: +0.123% → +0.032%
$9.09
Slippage, 4 orders
−$37.86
Fee SunX: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$54.03
Costs to cover
0.519%
Break-even
3.1 days
Slippage from SunX: live order book, 5 min ago; RISEx: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago3.37 bp23.0 bp −$2333.3 bp −$333doesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago0.04 bp4.5 bp −$48.1 bp −$81doesn't fitdoesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi SOL/USDT-P−0.0200%1h116.67+0.014%$105K$703K20xas long as short
Kraken Futures PF_SOLUSD−0.0193%1h116.66+0.009%$31.2M$101.8M100xas long as short
Vest SOL-PERP−0.0101%1h116.64−0.012%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.65−0.002%$1K$8K25xas long as short
Bybit SOLUSDT−0.0031%8h116.63−0.019%$755.6M$1.39B100xas long as short
Derive SOL-PERP−0.0030%1h116.61−0.040%$1.9M$2.9M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.72+0.057%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.61−0.035%$1.4M$19.1M3.1xas long as short
dYdX SOL-USD+0.0013%1h116.70+0.041%$4.4M$24.2M20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.66+0.004%$7.6M$405.5M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0064%1h116.75+0.084%$99K$175K20xas long as short
Bullet SOL-USD+0.0071%1h116.69+0.034%$147K$1.6M20xas long as short
Orderly PERP_SOL_USDC+0.0094%8h116.67+0.020%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.67+0.014%$13.1M$60.4M25xas long as short
Lighter RH SOL+0.0096%1h116.61−0.033%$2.2M$16.8M25xas long as short
Bitget SOLUSDT+0.0096%8h116.70+0.044%$481.6M$446.1M100xas long as short
Aevo SOL-PERP+0.0096%1h116.66+0.006%$351K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.68+0.024%$61K$896K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.79+0.115%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.70+0.039%$5.4M$40.3M40xas long as short
Hyperliquid SOL+0.0100%1h116.83+0.150%$703.9M$395.2M20xas long as short
Aster SOLUSDT+0.0100%8h116.70+0.042%$174.8M$183.4M100xas long as short
Pacifica SOL+0.0100%1h116.75+0.086%$15.8M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h116.71+0.047%$973.5M$3.83B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.73+0.067%$368.5M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.67+0.015%$228K$838K10xas long as short
Arcus SOL-USD+0.0100%1h116.78+0.110%$921K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.45−0.171%$133.0M$16.1M20xas long as short
Gate SOL_USDT+0.0100%8h116.68+0.024%$855.5M$665.6M100xas long as short
MEXC SOL_USDT+0.0100%8h116.71+0.050%$366.1M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.72+0.058%$129.1M$223.6M75xas long as short
BingX SOL-USDC+0.0100%8h116.69+0.028%$10.6Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.63−0.019%$23.0M$40.1M50xas long as short
Variational Omni SOL+0.0100%8h116.56−0.075%$24.4M$113.5Mas long as short
edgeX SOLUSDC+0.0100%4h116.46−0.166%$93.5M$400.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.45−0.173%$47.6M$30.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.49−0.136%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.65−0.002%$1.3M$12.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.70+0.041%$321K$2.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.69+0.029%$25K$31K25xas long as short
SunX SOL-USDTlong+0.0100%8h116.65long leg$189K$1.8M30x
SoDEX SOL-USD+0.0100%1h116.65−0.002%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.57−0.067%$226.0M$48.2M75xas long as short
Phemex SOLUSDT+0.0100%8h116.66+0.007%$45.5M$103.2M50xas long as short
Extended SOL-USD+0.0104%1h116.71+0.048%$8.2M$37.7M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.70+0.041%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.61−0.039%$235.6M500xas long as short
Phoenix SOL+0.0151%1h116.58−0.062%$6.5M$13.8M25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0176%1h116.73+0.063%$26.3M$23.3M50xas long as short
Reya SOLRUSDPERP+0.0191%1h116.70+0.043%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h116.66+0.007%$52.0M$67.3M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.71+0.052%$3.6M200xas long as short
Perpl SOL+0.0335%43m116.72+0.057%$138K$3.7M8.3xas long as short
RISEx SOL/USDCshort+0.0561%1h116.80+0.123%$1.9M$4.8M20x
Aftermath Perps SOLUSD+0.0567%1h116.69+0.030%$25K$51K20xas long as short