Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.035%

Price spread now: edgeX against BloFin+0.070%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.070%, 7d avg −0.020%

Together, before fees−0.219%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.090% dearer against BloFin than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.020%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	118.76	0.0220	pay 0.0220% / 8h	25m 54s	$52.3M	$80.4M	125x
Short	edgeX SOLUSDC	118.84	0.0100	get 0.0050% / 4h	25m 54s	$95.5M	$400.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$25.2
Price spread: +0.070% → −0.020%: $9.02
Slippage, 4 orders: −$5.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$43.07
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; edgeX: 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 BloFin live order book, 3 min ago	0.42 bp	6.4 bp −$6	6.9 bp −$69	9.6 bp −$964	18.9 bp −$9,447
Sell edgeX live order book, 3 min ago	2.52 bp	7.0 bp −$7	7.0 bp −$70	7.2 bp −$720	10.8 bp −$5,380

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
Hotstuff SOL-PERP	−0.0080%	1h	118.70	−0.052%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	118.67	−0.074%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.58	−0.148%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0015%	1h	118.73	−0.029%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.71	−0.043%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.72	−0.037%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.73	−0.025%	$176K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.067%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	118.71	−0.038%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.68	−0.071%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.73	−0.025%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.67	−0.075%	—	$372.4M	—	as long as short
HTX SOL-USDT	+0.0084%	8h	118.57	−0.158%	$230.8M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	118.61	−0.126%	$861.3M	$681.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.65	−0.093%	$13.5M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.64	−0.098%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.76	−0.002%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.65	−0.090%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.69	−0.062%	$8.1M	$415.5M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.71	−0.039%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.71	−0.042%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.69	−0.059%	$6.0M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.75	−0.008%	$718.5M	$412.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.64	−0.101%	$177.7M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.74	−0.013%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.67	−0.076%	$979.4M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.70	−0.051%	$822.4M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.53	−0.194%	$370.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.067%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	−0.029%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.144%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.63	−0.109%	$430.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.63	−0.110%	$138.0M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.61	−0.130%	$491.6M	$460.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	−0.093%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	−0.058%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	118.84	+0.070%	$95.5M	$400.7M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.152%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.76	0.000%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.68	−0.067%	$367K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.69	−0.062%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.68	−0.064%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.66	−0.081%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.66	−0.084%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.68	−0.067%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.135%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.60	−0.131%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.65	−0.092%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0113%	1h	118.94	+0.152%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	+0.019%	—	$226.0M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.70	−0.048%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.126%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.68	−0.070%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	118.76	long leg	$52.3M	$80.4M	125x
RISEx SOL/USDC	+0.0226%	1h	118.72	−0.033%	$1.7M	$5.2M	20x	as long as short