Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.008%

Price spread now: StandX against Orderly+0.060%7-day average −0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.060%, 7d avg −0.007%

Together, before fees+0.010%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and StandX is 0.066% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	117.41	0.0088	pay 0.0088% / 8h	5h 59m	$1.0M	$5.8M	100x
Short	StandX SOL-USD	117.48	0.0100	get 0.0013% / 1h	59m 39s	$1.3M	$13.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Orderly. 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 OrderlybpFee StandXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $2.48
Price spread: +0.060% → −0.007%: $6.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: −$4.88
Costs to cover: 0.140%
Break-even: 20.8 days

Slippage unknown: Orderly: no order-book sample; StandX: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell StandX live order book, 4 min ago	3.83 bp	8.6 bp −$9	8.7 bp −$87	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 54 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	117.59	+0.158%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.37	−0.031%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.39	−0.016%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	+0.136%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.47	+0.053%	$1.4M	$20.2M	3.1x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.33	−0.071%	$2.0M	$2.8M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0024%	1h	117.43	+0.018%	$26.4M	$25.6M	50x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.37	−0.031%	$228.1M	$45.4M	75x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.58	+0.145%	$100K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.39	−0.014%	$31.5M	$98.3M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.54	+0.109%	$100K	$690K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.41	−0.001%	$8.0M	$403.7M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.54	+0.110%	—	$10.6M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	117.55	+0.119%	$849.2M	$640.7M	100x	as long as short
Orderly PERP_SOL_USDClong	+0.0088%	8h	117.41	long leg	$1.0M	$5.8M	100x
Lighter SOL	+0.0096%	1h	117.58	+0.144%	$13.1M	$58.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.56	+0.125%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.43	+0.020%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.56	+0.129%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	+0.094%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.45	+0.034%	$5.8M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.65	+0.204%	$717.8M	$395.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.51	+0.086%	$176.4M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.60	+0.162%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.58	+0.144%	$969.3M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.61	+0.172%	$821.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.59	+0.153%	$366.5M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.034%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.59	+0.154%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.58	+0.145%	$423.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.59	+0.158%	$130.6M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.57	+0.138%	$487.3M	$435.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.39	−0.017%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.038%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.52	+0.097%	$94.4M	$404.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	+0.013%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.51	+0.085%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USDshort	+0.0100%	1h	117.48	+0.060%	$1.3M	$13.4M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	117.41	0.000%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.40	−0.012%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.40	−0.006%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	−0.036%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.40	−0.009%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.40	−0.009%	$45.7M	$100.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.039%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.102%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.55	+0.117%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	+0.043%	—	$221.8M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.163%	$1.9M	$4.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.38	−0.029%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	+0.034%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.39	−0.016%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0360%	1h	117.50	+0.074%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.45	+0.033%	$128K	$3.8M	8.3x	as long as short