Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.012%

Price spread now: Deribit against MEXC+0.039%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.039%, 7d avg +0.017%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.021% dearer against MEXC than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.017%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	117.34	0.0049	pay 0.0049% / 8h	3h 24m	$450.0M	$909.7M	300x
Short	Deribit SOL_USDC-PERPETUAL	117.39	0.0011	get 0.0001% / 1h	24m 03s	$26.5M	$15.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$8.03
Price spread: +0.039% → +0.017%: $2.11
Slippage, 4 orders: −$3.88
Fee MEXC: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.81
Costs to cover: 0.129%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Deribit: 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	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$262	5.2 bp −$2,603
Sell Deribit live order book, 3 min ago	0.04 bp	4.8 bp −$5	5.5 bp −$55	15.0 bp −$1,500	doesn't fit

SOL on 54 exchanges

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	−0.0336%	1h	117.55	+0.182%	$100K	$661K	20x	as long as short
Bybit SOLUSDT	−0.0064%	8h	117.36	+0.018%	$722.7M	$1.19B	100x	as long as short
Derive SOL-PERP	−0.0036%	1h	117.25	−0.073%	$1.8M	$2.5M	13x	as long as short
Vest SOL-PERP	−0.0002%	1h	117.36	+0.018%	—	$204K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.34	0.000%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.026%	$1.3M	$14.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.36	+0.014%	$99K	$2.5M	8.3x	as long as short
Bitget SOLUSDT	+0.0008%	8h	117.25	−0.078%	$480.4M	$378.7M	100x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0011%	1h	117.39	+0.039%	$26.5M	$15.7M	50x
Coinbase International SOL-PERP-INTX	+0.0016%	1h	117.35	+0.012%	$8.5M	$355.5M	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0020%	8h	117.31	−0.022%	$960K	$4.8M	100x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.85	−0.418%	$4K	$109	12x	as long as short
Kraken Futures PF_SOLUSD	+0.0034%	1h	117.36	+0.015%	$32.2M	$90.2M	100x	as long as short
Aster SOLUSDT	+0.0045%	8h	117.35	+0.012%	$177.0M	$154.5M	100x	as long as short
Aevo SOL-PERP	+0.0048%	1h	117.30	−0.035%	$346K	$267K	20x	as long as short
MEXC SOL_USDTlong	+0.0049%	8h	117.34	long leg	$450.0M	$909.7M	300x
Binance SOLUSDT	+0.0050%	8h	117.36	+0.017%	$972.4M	$3.26B	100x	as long as short
SoDEX SOL-USD	+0.0052%	1h	117.31	−0.026%	$6.0M	$11.2M	20x	as long as short
dYdX SOL-USD	+0.0056%	1h	117.36	+0.021%	$9.1M	$16.4M	20x	as long as short
Phemex SOLUSDT	+0.0074%	8h	117.34	0.000%	$45.6M	$96.1M	50x	as long as short
Gate SOL_USDT	+0.0075%	8h	117.32	−0.017%	$835.5M	$570.5M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.33	−0.009%	$13.0M	$54.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.32	−0.017%	$2.3M	$13.2M	25x	as long as short
Variational Omni SOL	+0.0098%	8h	117.51	+0.145%	$27.3M	$91.3M	—	as long as short
OKX SOL-USDT-SWAP	+0.0098%	8h	117.34	0.000%	$361.3M	$1.53B	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.36	+0.017%	$24K	$897K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.36	+0.019%	$1.0M	$512K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	−0.021%	$5.6M	$38.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.40	+0.052%	$15.9M	$115.7M	20x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.39	+0.043%	$223K	$722K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.39	+0.045%	$1.2M	$7.4M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.009%	$129.1M	$10.4M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.36	+0.015%	$130.2M	$230.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.29	−0.044%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.36	+0.017%	$23.6M	$33.6M	50x	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.57	+0.194%	$94.4M	$348.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.59	+0.213%	$48.1M	$25.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.66	+0.269%	$1.1M	$3.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	+0.128%	$1.3M	$9.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.34	0.000%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.33	−0.009%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.33	−0.011%	$26K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.31	−0.022%	$191K	$1.3M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.41	+0.056%	$227.2M	$39.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	117.24	−0.081%	$8.4M	$31.1M	50x	as long as short
Phoenix SOL	+0.0109%	1h	117.54	+0.170%	$6.9M	$11.3M	25x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	117.38	+0.034%	$104K	$192K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	117.34	+0.001%	—	$204.0M	500x	as long as short
BloFin SOL-USDT	+0.0170%	8h	117.40	+0.051%	$51.7M	$55.2M	125x	as long as short
Reya SOLRUSDPERP	+0.0203%	1h	117.27	−0.056%	$1.1M	$91K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0243% / S −0.0190%	1h	117.34	0.000%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0279%	1h	117.39	+0.046%	$2.2M	$3.5M	20x	as long as short
Hyperliquid SOL	+0.0290%	1h	117.50	+0.136%	$742.2M	$361.1M	20x	as long as short
Aftermath Perps SOLUSD	+0.0410%	1h	117.42	+0.072%	$25K	$45K	20x	as long as short