Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX−0.111%7-day average −0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.112%+$11 · spread now −0.111%, 7d avg −0.030%

Together, before fees+0.130%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.082% cheaper against edgeX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	117.80	0.0100	pay 0.0050% / 4h	3h 03m	$94.6M	$409.3M	75x
Short	Extended SOL-USD	117.66	0.0104	get 0.0013% / 1h	3m 20s	$8.4M	$34.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0.84
Price spread: −0.111% → −0.030%: −$8.17
Slippage, 4 orders: −$5.71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.04
Costs to cover: 0.197%
Break-even: 232.3 days

Slippage from edgeX: live order book, 1 min ago; Extended: live order book, 6 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 edgeX live order book, 1 min ago	2.12 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$671	10.0 bp −$4,990
Sell Extended live order book, 6 min ago	0.43 bp	2.9 bp −$3	2.9 bp −$29	5.8 bp −$579	doesn't fit

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	117.71	−0.072%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0056%	1h	117.77	−0.025%	$32.6M	$99.4M	100x	as long as short
Bybit SOLUSDT	−0.0045%	8h	117.68	−0.098%	$739.1M	$1.32B	100x	as long as short
Phemex SOLUSDT	−0.0037%	8h	117.72	−0.064%	$45.7M	$101.7M	50x	as long as short
Vest SOL-PERP	−0.0007%	1h	117.71	−0.075%	—	$405K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.72	−0.063%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.78	−0.012%	$1.3M	$18.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.72	−0.062%	$100K	$2.9M	8.3x	as long as short
Bitget SOLUSDT	+0.0026%	8h	117.71	−0.074%	$484.4M	$427.1M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.75	−0.039%	$8.2M	$387.8M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOLUSDT	+0.0053%	8h	117.70	−0.081%	$178.9M	$165.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0064%	8h	117.69	−0.087%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0071%	1h	117.71	−0.073%	$8.2M	$21.2M	20x	as long as short
SoDEX SOL-USD	+0.0087%	1h	117.72	−0.064%	$6.2M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	117.72	−0.063%	$13.2M	$57.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.70	−0.077%	$2.2M	$15.0M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.76	−0.030%	$102K	$182K	20x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	117.80	+0.003%	$103K	$647K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.72	−0.066%	$359K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.71	−0.074%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.73	−0.056%	$46K	$848K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.71	−0.071%	$5.5M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.84	+0.038%	$716.7M	$386.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.76	−0.027%	$15.9M	$122.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.69	−0.090%	$974.3M	$3.63B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.70	−0.081%	$366.6M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.69	−0.090%	$221K	$813K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	−0.029%	$940K	$8.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.73	−0.056%	$858.5M	$633.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.71	−0.073%	$425.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.72	−0.068%	$134.1M	$231.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.69	−0.087%	—	$351.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.72	−0.064%	$23.3M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.85	+0.042%	$25.2M	$101.9M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.80	long leg	$94.6M	$409.3M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.73	−0.057%	$48.2M	$26.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.75	−0.039%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.76	−0.030%	$1.3M	$10.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.69	−0.090%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.72	−0.065%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.72	−0.068%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.71	−0.075%	$191K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.70	−0.083%	$227.8M	$47.0M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	−0.127%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USDshort	+0.0104%	1h	117.66	−0.111%	$8.4M	$34.5M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.72	−0.068%	—	$215.0M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.89	+0.080%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0147%	1h	117.78	−0.010%	$26.5M	$20.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−1.236%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	117.68	−0.100%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.69	−0.090%	$52.0M	$59.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.79	−0.008%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0411%	1h	117.67	−0.106%	$25K	$53K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.78	−0.011%	$2.2M	$4.8M	20x	as long as short