Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.001%

Price spread now: SunX against Coinbase International−0.026%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.026%, 7d avg −0.036%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	119.38	0.0112	pay 0.0014% / 1h	25m 19s	$8.2M	$416.2M	50x
Short	SunX SOL-USDT	119.35	0.0100	get 0.0100% / 8h	1h 25m	$194K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$2.52
Price spread: −0.026% → −0.036%: $1.05
Slippage, 4 orders: −$31.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.21
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.04 bp	5.1 bp −$5	8.2 bp −$82	16.7 bp −$1,669	doesn't fit
Sell SunX live order book, 10 min ago	3.92 bp	17.9 bp −$18	30.2 bp −$302	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
Bluefin SOL-PERP	−0.0535%	1h	119.29	−0.076%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.24	−0.114%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.13	−0.206%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.20	−0.150%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0005% / S +0.0004%	1h	119.36	−0.016%	$106K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.13	−0.205%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.19	−0.161%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.26	−0.100%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.27	−0.087%	$119K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.18	−0.166%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0064%	1h	119.30	−0.063%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.34	−0.030%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.28	−0.082%	$104K	$154K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.33	−0.036%	—	$374.6M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.21	−0.140%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.31	−0.057%	$871.5M	$684.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.34	−0.032%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.10	−0.234%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.29	−0.074%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.07	−0.260%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.15	−0.191%	$47K	$796K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.27	−0.095%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	−0.013%	$718.8M	$417.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.30	−0.068%	$178.6M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.15	−0.189%	$12.3M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.34	−0.032%	$986.8M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.35	−0.023%	$825.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.32	−0.049%	$371.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.31	−0.057%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.25	−0.110%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.186%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.29	−0.074%	$453.8M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.24	−0.114%	$140.4M	$201.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.33	−0.044%	$495.9M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.11	−0.224%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.27	−0.090%	$27.9M	$128.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.21	−0.141%	$95.7M	$400.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.31	−0.059%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.25	−0.105%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	−0.082%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.28	−0.082%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.30	−0.065%	$201K	$1.7M	20x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	119.35	−0.026%	$194K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.34	−0.032%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	−0.040%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.31	−0.056%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	119.38	long leg	$8.2M	$416.2M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.14	−0.196%	—	$223.4M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.35	−0.021%	$32.6M	$95.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0165%	1h	119.40	+0.021%	$26.7M	$27.7M	50x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0068%	1h	119.35	−0.027%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.26	−0.098%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.25	−0.111%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.002%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	−0.040%	$52.5M	$82.9M	125x	as long as short