Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against MEXC−0.031%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

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

costs, in and out, $10k−$90.087% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.031%, 7d avg −0.052%

Together, before fees+0.064%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.021% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	118.70	0.0100	pay 0.0100% / 8h	26m 42s	$430.9M	$1.13B	300x
Short	Extended SOL-USD	118.66	0.0104	get 0.0013% / 1h	26m 42s	$8.7M	$36.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0.84
Price spread: −0.031% → −0.052%: $2.15
Slippage, 4 orders: −$1.68
Fee MEXC: 1 bp × 2 orders: −$2
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$5.7
Costs to cover: 0.087%
Break-even: 54.5 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$264	3.9 bp −$1,930
Sell Extended live order book, 2 min ago	0.42 bp	2.9 bp −$3	2.9 bp −$29	6.3 bp −$630	doesn't fit

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	118.70	−0.002%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	118.69	−0.008%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.68	−0.019%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0015%	1h	118.73	+0.022%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.75	+0.042%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.78	+0.069%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.72	+0.021%	$176K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.77	+0.060%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.118%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.77	+0.055%	$1.0M	$5.9M	100x	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	+0.0080%	1h	118.77	+0.059%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.71	+0.011%	—	$372.1M	—	as long as short
HTX SOL-USDT	+0.0085%	8h	118.65	−0.042%	$231.0M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	118.66	−0.034%	$861.9M	$681.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.70	+0.002%	$13.5M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	+0.036%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.87	+0.146%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.71	+0.008%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.77	+0.060%	$8.1M	$415.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.71	+0.012%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.71	+0.008%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	+0.021%	$6.0M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.85	+0.126%	$719.1M	$412.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.73	+0.022%	$177.8M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.74	+0.037%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.70	−0.001%	$979.6M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.71	+0.008%	$822.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.68	−0.017%	$371.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.017%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	+0.021%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.194%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	118.70	long leg	$430.9M	$1.13B	300x
KuCoin SOLUSDTM	+0.0100%	8h	118.70	+0.002%	$138.1M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.67	−0.027%	$492.0M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.79	+0.076%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.262%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.121%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.202%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.87	+0.143%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.70	0.000%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.73	+0.027%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.75	+0.038%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	+0.029%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.72	+0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	+0.042%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.185%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USDshort	+0.0104%	1h	118.66	−0.031%	$8.7M	$36.0M	50x
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.73	+0.022%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0106%	1h	118.98	+0.239%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.82	+0.101%	—	$225.4M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.75	+0.043%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.177%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.70	+0.003%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.76	+0.051%	$52.3M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.72	+0.017%	$1.7M	$5.2M	20x	as long as short