Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.001%

Price spread now: Coinbase International against MEXC−0.132%51s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$130.133% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now −0.132%, 7d avg +0.017%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.150% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 51 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	MEXC SOL_USDT	117.83	0.0100	pay 0.0100% / 8h	5h 11m	$425.6M	$1.07B	300x
Short	Coinbase International SOL-PERP-INTX	117.67	0.0064	get 0.0008% / 1h	11m 30s	$7.9M	$403.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$7.56
Price spread: −0.132% → +0.017%: −$14.96
Slippage, 4 orders: −$1.33
Fee MEXC: 1 bp × 2 orders: −$2
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$35.85
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Coinbase International: 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 MEXC live order book, 3 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.4 bp −$245	5.7 bp −$2,853
Sell Coinbase International live order book, 3 min ago	0.04 bp	5.1 bp −$5	8.1 bp −$81	14.5 bp −$1,451	189.0 bp −$94.5K

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	117.75	−0.070%	$921	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0079%	1h	117.88	+0.042%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.74	−0.075%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.65	−0.149%	$31.5M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.58	−0.209%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.87	+0.034%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.73	−0.085%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.85	+0.013%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.84	+0.008%	$100K	$166K	20x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0064%	1h	117.67	−0.132%	$7.9M	$403.9M	50x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	117.70	−0.110%	$26.4M	$24.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.91	+0.070%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.77	−0.049%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.72	−0.093%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.65	−0.152%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.80	−0.025%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.79	−0.036%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.72	−0.093%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.82	−0.005%	$177.4M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.80	−0.022%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.88	+0.042%	$971.8M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.91	+0.068%	$832.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.89	+0.051%	$366.2M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.62	−0.178%	$234K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.82	−0.012%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.114%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.80	−0.025%	$859.0M	$654.4M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	117.83	long leg	$425.6M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	117.82	−0.005%	$130.8M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.82	−0.012%	$488.1M	$431.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.85	+0.014%	—	$363.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	−0.153%	$23.7M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.04	+0.180%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	+0.006%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.120%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	0.000%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.72	−0.093%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.82	−0.008%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	+0.012%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.67	−0.136%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.65	−0.153%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.81	−0.020%	$228.8M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.68	−0.127%	$45.9M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0103%	8h	117.72	−0.093%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.74	−0.073%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.69	−0.116%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.051%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.90	+0.059%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.94	+0.093%	$721.6M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.80	−0.029%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.289%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.69	−0.119%	$51.8M	$71.5M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.81	−0.014%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.84	+0.012%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0416%	1h	117.89	+0.055%	$25K	$52K	20x	as long as short