Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.044%

Price spread now: Perpl against edgeX−0.081%66s7-day average +0.003% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 7 days+0.135%+$13 · spread now −0.081%, 7d avg +0.003%

Together, before fees−0.187%+ Points / potential airdropedgeX: Active · Perpl: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.084% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	119.38	0.0100	pay 0.0050% / 4h	1h 31m	$95.9M	$399.6M	75x
Short	Perpl SOL	119.28	0	get 0.0000% / 43m	1m 44s	$179K	$4.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$21
Price spread: −0.081% → +0.003%: −$8.4
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$52.2
Costs to cover: 0.228%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 2 min ago; Perpl: no order-book sample. Net counts fees only.

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, 2 min ago	2.51 bp	7.0 bp −$7	7.0 bp −$70	7.9 bp −$787	19.6 bp −$9,780
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0178%	1h	119.25	−0.112%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.18	−0.168%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.31	−0.062%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.23	−0.124%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	−0.071%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.28	−0.083%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.33	−0.043%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	119.28	−0.081%	$179K	$4.0M	8.3x
Hibachi SOL/USDT-P	+0.0024%	1h	119.39	+0.012%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.38	+0.001%	$6.6M	$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
Orderly PERP_SOL_USDC	+0.0067%	8h	119.29	−0.076%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0071%	1h	119.32	−0.046%	$26.7M	$27.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0072%	1h	119.45	+0.056%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.28	−0.083%	—	$374.1M	—	as long as short
HTX SOL-USDT	+0.0083%	8h	119.25	−0.109%	$232.3M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.22	−0.133%	$869.7M	$682.3M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	−0.075%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.28	−0.083%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.28	−0.085%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.27	−0.088%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.27	−0.088%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.28	−0.083%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.30	−0.066%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.38	+0.001%	$718.9M	$416.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.24	−0.121%	$178.5M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.33	−0.045%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.28	−0.079%	$986.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.30	−0.066%	$824.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.26	−0.100%	$371.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.100%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.36	−0.013%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.29	−0.075%	$450.6M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.25	−0.107%	$140.9M	$200.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.28	−0.086%	$495.5M	$455.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.25	−0.108%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.027%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	119.38	long leg	$95.9M	$399.6M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.014%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.44	+0.051%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.42	+0.034%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.117%	$364K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.095%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.32	−0.053%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.28	−0.083%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.30	−0.066%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.309%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.25	−0.111%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.34	−0.029%	$8.2M	$415.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.28	−0.085%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.33	−0.043%	$32.6M	$95.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.27	−0.089%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.22	−0.130%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.33	−0.037%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.209%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.32	−0.050%	$52.2M	$82.8M	125x	as long as short