Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.015%

Price spread now: MEXC against Deribit−0.032%7-day average −0.016% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$130.125% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.032%, 7d avg −0.016%

Together, before fees+0.145%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	116.13	0.0044	pay 0.0005% / 1h	22m 21s	$26.3M	$21.6M	50x
Short	MEXC SOL_USDT	116.09	0.0100	get 0.0100% / 8h	22m 21s	$371.1M	$1.07B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.032%Rate

Funding earned: $11.82
Price spread: −0.032% → −0.016%: −$1.6
Slippage, 4 orders: −$3.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$2.29
Costs to cover: 0.125%
Break-even: 8.4 days

Slippage from Deribit: 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 Deribit live order book, 2 min ago	0.04 bp	4.7 bp −$5	5.5 bp −$55	15.3 bp −$1,530	doesn't fit
Sell MEXC live order book, 2 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$270	4.3 bp −$2,144

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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.10	−0.027%	$32.4M	$107.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0112%	1h	116.07	−0.048%	$100K	$674K	20x	as long as short
Bybit SOLUSDT	−0.0106%	8h	116.06	−0.057%	$733.3M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.16	+0.027%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0075%	1h	115.96	−0.146%	$1.8M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.200%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0049%	1h	116.06	−0.060%	—	$756K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.10	−0.024%	$42K	—	150x	as long as short
Variational Omni SOL	0.0000%	8h	116.07	−0.046%	$24.8M	$107.5M	—	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.06	−0.060%	$1.4M	$19.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	116.11	−0.012%	$99K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0005%	1h	116.10	−0.023%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.06	−0.055%	$478.7M	$456.3M	100x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0044%	1h	116.13	long leg	$26.3M	$21.6M	50x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.10	−0.026%	$7.8M	$399.0M	50x	as long as short
Aster SOLUSDT	+0.0049%	8h	116.07	−0.049%	$177.0M	$168.6M	100x	as long as short
SoDEX SOL-USD	+0.0051%	1h	116.07	−0.049%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.13	+0.002%	$100K	$181K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.07	−0.048%	$1.0M	$5.9M	100x	as long as short
Lighter RH SOL	+0.0072%	1h	116.11	−0.017%	$2.1M	$16.8M	25x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.12	−0.003%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.11	−0.011%	$13.1M	$60.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.07	−0.047%	$350K	$257K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.07	−0.049%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.08	−0.042%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.17	+0.037%	$695.6M	$408.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.15	+0.021%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.08	−0.040%	$959.6M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.07	−0.049%	$365.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.03	−0.084%	$217K	$842K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.11	−0.014%	$922K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.08	−0.041%	$842.4M	$667.6M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.09	−0.032%	$371.1M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.08	−0.038%	$129.2M	$236.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.05	−0.063%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.04	−0.075%	$22.8M	$35.9M	50x	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.10	−0.027%	$93.2M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.07	−0.049%	$47.5M	$28.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	+0.008%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.06	−0.058%	$1.3M	$11.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.08	−0.041%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.10	−0.022%	$283K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.08	−0.036%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.07	−0.049%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.02	−0.095%	$224.6M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.03	−0.084%	$45.1M	$104.3M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.35	+0.192%	$125.8M	$26.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.03	−0.083%	$8.2M	$37.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.10	−0.028%	—	$236.1M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.20	+0.063%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.06	−0.056%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.04	−0.075%	$52.1M	$65.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.10	−0.027%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0463%	1h	116.21	+0.073%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.17	+0.036%	$2.1M	$4.8M	20x	as long as short