Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.001%

Price spread now: MEXC against Coinbase International+0.020%51s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$130.135% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now +0.020%, 7d avg −0.014%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.034% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.70	0.0064	pay 0.0008% / 1h	22m 23s	$7.5M	$405.0M	50x
Short	MEXC SOL_USDT	116.72	0.0100	get 0.0100% / 8h	4h 22m	$388.6M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: $7.56
Price spread: +0.020% → −0.014%: $3.38
Slippage, 4 orders: −$1.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$2.56
Costs to cover: 0.135%
Break-even: 9.4 days

Slippage from Coinbase International: live order book, 2 min ago; MEXC: live order book, 2 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 Coinbase International live order book, 2 min ago	0.04 bp	5.1 bp −$5	6.8 bp −$68	15.9 bp −$1,586	doesn't fit
Sell MEXC live order book, 2 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$285	4.7 bp −$2,345

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	−0.0128%	1h	116.68	−0.014%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.67	−0.024%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.68	−0.016%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	−0.006%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.71	+0.015%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.70	+0.003%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0022%	1h	116.63	−0.054%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.79	+0.080%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0064%	1h	116.70	long leg	$7.5M	$405.0M	50x
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.69	−0.007%	$31.1M	$100.2M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.68	−0.011%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.70	−0.001%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.69	−0.009%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.68	−0.015%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.70	+0.003%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.77	+0.061%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	−0.016%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.84	+0.123%	$705.3M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.73	+0.024%	$174.9M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	+0.030%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	+0.003%	$970.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.63	−0.057%	$782.7M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.75	+0.045%	$369.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.71	+0.011%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.77	+0.060%	$929K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	−0.015%	$842.3M	$662.4M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.72	+0.020%	$388.6M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.74	+0.039%	$128.0M	$219.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.73	+0.027%	$479.6M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.67	−0.021%	—	$365.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.68	−0.015%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.61	−0.072%	$24.3M	$113.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.72	+0.021%	$93.7M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.73	+0.025%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.097%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.69	−0.006%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	+0.037%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	−0.019%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.030%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.64	−0.047%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.69	−0.006%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.60	−0.081%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.69	−0.006%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.003%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.70	+0.005%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.75	+0.042%	—	$231.0M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	116.74	+0.040%	$26.4M	$25.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.028%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.83	+0.114%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.69	−0.003%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.69	−0.006%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.69	−0.009%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.73	+0.030%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.76	+0.056%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.82	+0.106%	$1.9M	$4.9M	20x	as long as short