Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.038%

Price spread now: RISEx against MEXC−0.116%57s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$120.120% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 7 days+0.112%+$11 · spread now −0.116%, 7d avg −0.004%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.112% cheaper against MEXC than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.004%). If the spread goes back, that is −$11 on $10k: about 4.1 days of funding at the current rate (+$3 a day). The two prices were read 57 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	119.52	0.0100	pay 0.0100% / 8h	1h 45m	$437.1M	$1.10B	300x
Short	RISEx SOL/USDC	119.38	0.0192	get 0.0024% / 1h	45m 43s	$1.6M	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.116%Rate

Funding earned: $19.24
Price spread: −0.116% → −0.004%: −$11.15
Slippage, 4 orders: −$4.02
Fee MEXC: 1 bp × 2 orders: −$2
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$3.93
Costs to cover: 0.120%
Break-even: 8.4 days

Slippage from MEXC: live order book, 3 min ago; RISEx: 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	2.5 bp −$253	4.6 bp −$2,320
Sell RISEx live order book, 3 min ago	0.04 bp	3.0 bp −$3	5.8 bp −$58	doesn't fit	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
Bluefin SOL-PERP	−0.0705%	1h	119.40	−0.098%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0080%	1h	119.33	−0.158%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.42	−0.086%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.31	−0.177%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.51	−0.008%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.42	−0.084%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.43	−0.074%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.36	−0.135%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.31	−0.179%	$120K	$610K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.20	−0.268%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0059%	1h	119.29	−0.190%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0065%	8h	119.43	−0.077%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0070%	8h	119.27	−0.208%	$232.3M	$44.5M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.44	−0.065%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.37	−0.126%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.51	−0.008%	$13.6M	$55.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.51	−0.011%	$2.1M	$16.7M	25x	as long as short
Gate SOL_USDT	+0.0096%	8h	119.45	−0.059%	$870.7M	$677.7M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.42	−0.085%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.46	−0.047%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.32	−0.167%	$46K	$789K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.35	−0.138%	$6.3M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.56	+0.033%	$721.2M	$414.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.47	−0.038%	$178.8M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	+0.020%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.52	0.000%	$985.0M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.55	+0.025%	$826.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.50	−0.017%	$372.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.201%	$234K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.39	−0.106%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	−0.308%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	119.52	long leg	$437.1M	$1.10B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.51	−0.009%	$141.0M	$199.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.50	−0.018%	$496.8M	$453.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.46	−0.050%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.16	−0.297%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.18	−0.287%	$95.7M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.10	−0.352%	$48.7M	$32.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.10	−0.351%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.44	−0.067%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.37	−0.126%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.40	−0.104%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.33	−0.161%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.43	−0.075%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.39	−0.109%	$46.6M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.42	−0.080%	$8.7M	$36.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.48	−0.031%	$8.2M	$415.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.37	−0.126%	—	$221.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.45	−0.055%	$32.7M	$94.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.42	−0.082%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.37	−0.126%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDCshort	+0.0192%	1h	119.38	−0.116%	$1.6M	$6.0M	20x
Deribit SOL_USDC-PERPETUAL	+0.0210%	1h	119.51	−0.011%	$26.8M	$27.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.326%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.36	−0.134%	$52.2M	$84.6M	125x	as long as short