Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against edgeX−0.082%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 7 days+0.105%+$11 · spread now −0.082%, 7d avg +0.042%

Together, before fees+0.126%+ Points / potential airdropedgeX: Active · Nado: 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: Nado is 0.124% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	116.67	0.0100	pay 0.0050% / 4h	20m 56s	$93.7M	$398.7M	75x
Short	Nado SOL-PERP	116.58	0.0100	get 0.0012% / 1h	20m 56s	$5.3M	$39.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → +0.042%: −$12.4
Slippage, 4 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Nado: 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 edgeX live order book, 3 min ago	2.57 bp	7.1 bp −$7	7.1 bp −$71	7.2 bp −$716	10.5 bp −$5,237
Sell Nado live order book, 3 min ago	0.43 bp	3.9 bp −$4	3.9 bp −$39	8.1 bp −$808	25.2 bp −$12.6K

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	116.69	+0.015%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.56	−0.102%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.76	+0.075%	$913	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.59	−0.074%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.65	−0.021%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	−0.038%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.52	−0.131%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.60	−0.064%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.61	−0.057%	$7.4M	$404.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.62	−0.044%	$31.0M	$100.1M	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	116.59	−0.068%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.61	−0.055%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	−0.073%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	−0.061%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.116%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.63	−0.038%	$1.0M	$549K	50x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	116.58	−0.082%	$5.3M	$39.8M	40x
Hyperliquid SOL	+0.0100%	1h	116.71	+0.030%	$704.5M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.58	−0.077%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	−0.043%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.64	−0.030%	$969.6M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.54	−0.117%	$781.7M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.62	−0.047%	$369.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	+0.056%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.59	−0.076%	$927K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.59	−0.073%	$841.6M	$662.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.61	−0.056%	$387.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.071%	$127.9M	$219.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.59	−0.073%	$479.1M	$441.1M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.57	−0.088%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.58	−0.081%	$23.4M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.50	−0.147%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.67	long leg	$93.7M	$398.7M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.023%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.116%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.77	+0.082%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.57	−0.090%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.57	−0.093%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.56	−0.094%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.55	−0.105%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.61	−0.056%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.54	−0.115%	$226.2M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	−0.064%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.022%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.56	−0.095%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.60	−0.068%	—	$231.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.047%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.77	+0.082%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.67	−0.007%	$26.3M	$25.4M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.56	−0.097%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.62	−0.047%	$51.7M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0171%	1h	116.58	−0.077%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.61	−0.054%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0528%	1h	116.70	+0.021%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.64	−0.030%	$1.9M	$4.9M	20x	as long as short