Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.042%

Price spread now: edgeX against dYdX+0.087%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.087%, 7d avg −0.010%

Together, before fees+0.009%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.098% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	117.42	0	get 0.0000% / 1h	1m 01s	$4.5M	$24.1M	20x
Short	edgeX SOLUSDC	117.52	0.0100	get 0.0050% / 4h	2h 01m	$94.4M	$404.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $21
Price spread: +0.087% → −0.010%: $9.76
Slippage, 4 orders: −$29.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.97
Costs to cover: 0.487%
Break-even: 13.0 days

Slippage from dYdX: 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 dYdX live order book, 3 min ago	12.75 bp	17.7 bp −$18	17.7 bp −$177	18.4 bp −$1,842	18.6 bp −$9,280
Sell edgeX live order book, 3 min ago	0.85 bp	5.4 bp −$5	5.4 bp −$54	5.4 bp −$544	8.8 bp −$4,407

SOL on 54 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	117.50	+0.064%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.41	−0.012%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.46	+0.035%	$56K	—	150x	as long as short
dYdX SOL-USDlong	0.0000%	1h	117.42	long leg	$4.5M	$24.1M	20x
Kalshi KXSOLPERP	0.0000%	8h	117.50	+0.064%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.49	+0.060%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.39	−0.027%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.35	−0.064%	$228.0M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.49	+0.059%	$31.5M	$98.4M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0061%	1h	117.52	+0.084%	$26.4M	$25.6M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.54	+0.099%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0071%	8h	117.46	+0.033%	$848.5M	$668.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.50	+0.071%	$7.9M	$404.5M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.44	+0.015%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.47	+0.041%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.47	+0.044%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.46	+0.035%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.47	+0.041%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.47	+0.037%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.47	+0.042%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.43	+0.007%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.49	+0.058%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.46	+0.030%	$176.3M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.47	+0.042%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.45	+0.024%	$968.3M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.46	+0.031%	$820.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.45	+0.024%	$366.0M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.002%	$238K	$850K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.44	+0.020%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.48	+0.050%	$423.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.46	+0.032%	$130.5M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.46	+0.034%	$486.9M	$435.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	+0.041%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.028%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.52	+0.087%	$94.4M	$404.7M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	+0.003%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.51	+0.075%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.48	+0.050%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.44	+0.015%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.46	+0.034%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	+0.011%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.44	+0.016%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.050%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.050%	$45.7M	$100.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.029%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.092%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.45	+0.026%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	+0.033%	—	$221.8M	500x	as long as short
Hyperliquid SOL	+0.0122%	1h	117.57	+0.126%	$717.1M	$395.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.43	+0.009%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	+0.024%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.46	+0.031%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0362%	1h	117.52	+0.080%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.50	+0.067%	$128K	$3.8M	8.3x	as long as short