Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.032%

Price spread now: MEXC against GMX−0.018%7-day average −0.029% · you buy dearer than you sell

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.125%−$12 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.018%, 7d avg −0.029%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	116.04	L +0.0231% / S −0.0169%	pay 0.0029% / 1h	33m 17s	$3.5M	—	200x
Short	MEXC SOL_USDT	116.02	0.0100	get 0.0100% / 8h	7h 33m	$373.6M	$1.05B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$27.6
Price spread: −0.018% → −0.029%: $1.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$40.51
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$289	4.8 bp −$2,387

GMX: 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
Hotstuff SOL-PERP	−0.0080%	1h	116.18	+0.123%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.08	+0.035%	$32.2M	$105.2M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.22	+0.155%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.05	+0.009%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.08	+0.030%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.20	+0.135%	$99K	$3.4M	8.3x	as long as short
Vest SOL-PERP	+0.0002%	1h	116.05	+0.007%	—	$636K	20x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.15	+0.095%	$1.8M	$2.9M	13x	as long as short
Bybit SOLUSDT	+0.0008%	8h	116.01	−0.026%	$728.7M	$1.39B	100x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.03	−0.009%	$478.6M	$446.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.08	+0.032%	$7.7M	$390.7M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0042%	1h	116.11	+0.057%	$26.1M	$21.4M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.04	−0.003%	$176.1M	$169.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	116.02	−0.018%	$1.0M	$5.9M	100x	as long as short
SoDEX SOL-USD	+0.0078%	1h	116.04	−0.001%	$6.1M	$11.0M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.05	+0.009%	$13.0M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.03	−0.010%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.03	−0.012%	$350K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.03	−0.008%	$1.0M	$554K	50x	as long as short
Gate SOL_USDT	+0.0099%	8h	116.03	−0.009%	$844.8M	$611.7M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.03	−0.009%	$58K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.03	−0.009%	$5.4M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.15	+0.094%	$694.1M	$404.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.08	+0.038%	$15.6M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.02	−0.018%	$959.0M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.04	−0.001%	$365.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	+0.025%	$217K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.05	+0.011%	$947K	$8.4M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.02	−0.018%	$373.6M	$1.05B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.03	−0.010%	$129.3M	$237.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.03	−0.007%	—	$370.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.20	+0.137%	$22.8M	$36.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.19	+0.125%	$24.8M	$104.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.19	+0.127%	$93.3M	$404.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.20	+0.136%	$47.5M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.33	+0.246%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.17	+0.111%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.06	+0.017%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.04	+0.001%	$281K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.00	−0.034%	$188K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.32	+0.242%	$225.2M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.06	+0.017%	$45.1M	$102.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.179%	$125.8M	$25.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	115.97	−0.057%	$8.3M	$36.5M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.08	+0.034%	$101K	$183K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.05	+0.005%	—	$230.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.12	+0.068%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.23	+0.163%	$101K	$682K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.258%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.12	+0.067%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.02	−0.018%	$51.9M	$63.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0231% / S −0.0169%	1h	116.04	long leg	$3.5M	—	200x
Aftermath Perps SOLUSD	+0.0407%	1h	116.26	+0.185%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.08	+0.035%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.0548%	1h	116.05	+0.005%	$27K	$36K	25x	as long as short