Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.043%

Price spread now: dYdX against MEXC+0.023%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.023%, 7d avg −0.014%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.037% dearer against MEXC than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	116.48	0.0100	pay 0.0100% / 8h	3h 24m	$365.2M	$1.08B	300x
Short	dYdX SOL-USD	116.51	0.0015	get 0.0002% / 1h	24m 37s	$4.4M	$24.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$17.9
Price spread: +0.023% → −0.014%: $3.72
Slippage, 4 orders: −$5.14
Fee MEXC: 1 bp × 2 orders: −$2
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$31.32
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; dYdX: live order book, 5 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, 5 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$291	4.7 bp −$2,367
Sell dYdX live order book, 5 min ago	0.86 bp	7.6 bp −$8	14.9 bp −$149	26.4 bp −$2,644	32.6 bp −$16.3K

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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.46	−0.015%	$30.9M	$101.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	116.57	+0.076%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.42	−0.052%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.48	+0.003%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0015%	8h	116.37	−0.094%	$755.6M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	−0.002%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.083%	$1.4M	$19.0M	3.1x	as long as short
dYdX SOL-USDshort	+0.0015%	1h	116.51	+0.023%	$4.4M	$24.2M	20x
Derive SOL-PERP	+0.0032%	1h	116.39	−0.081%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.48	+0.003%	$7.6M	$404.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.49	+0.009%	$99K	$174K	20x	as long as short
Bullet SOL-USD	+0.0081%	1h	116.46	−0.014%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.47	−0.008%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.45	−0.026%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.43	−0.043%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.46	−0.013%	$350K	$247K	20x	as long as short
Bitget SOLUSDT	+0.0098%	8h	116.44	−0.030%	$480.7M	$445.2M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.45	−0.026%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.46	−0.021%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.42	−0.049%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	+0.086%	$703.1M	$394.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.45	−0.023%	$174.4M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.48	+0.002%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.47	−0.009%	$971.7M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.49	+0.009%	$366.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.009%	$229K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	+0.033%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.232%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.45	−0.026%	$851.0M	$664.1M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	116.48	long leg	$365.2M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.49	+0.009%	$129.1M	$223.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.45	−0.022%	—	$365.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.46	−0.017%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	−0.066%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.61	+0.114%	$93.6M	$400.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.171%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.137%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	+0.086%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.44	−0.034%	$321K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.46	−0.015%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.46	−0.016%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.47	−0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.47	−0.009%	$225.7M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	+0.017%	$45.5M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.44	−0.031%	$8.3M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.189%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	+0.071%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.64	+0.137%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0190%	1h	116.53	+0.042%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.43	−0.045%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	−0.017%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.46	−0.015%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.55	+0.064%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.71	+0.194%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.56	+0.066%	$1.9M	$4.8M	20x	as long as short