Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Phemex−0.014%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.014%, 7d avg −0.021%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	119.57	0.0100	pay 0.0100% / 8h	2h 14m	$46.7M	$101.6M	50x
Short	Aevo SOL-PERP	119.55	0.0096	get 0.0012% / 1h	14m 09s	$355K	$747K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.014%Rate

Funding earned: −$0.84
Price spread: −0.014% → −0.021%: $0.76
Slippage, 4 orders: −$19.75
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$47.83
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Aevo: live order book, 10 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 Phemex live order book, 5 min ago	1.25 bp	7.9 bp −$8	8.5 bp −$85	15.2 bp −$1,521	doesn't fit
Sell Aevo live order book, 10 min ago	4.14 bp	16.5 bp −$16	27.5 bp −$275	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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.351%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.067%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0072%	1h	119.46	−0.096%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.48	−0.074%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.51	−0.050%	$5.0M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.58	+0.004%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.54	−0.022%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.57	−0.003%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.62	+0.044%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0033%	1h	119.58	+0.009%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0051%	8h	119.52	−0.040%	$232.8M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.58	+0.010%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.46	−0.093%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.50	−0.059%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.53	−0.030%	—	$374.4M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.50	−0.059%	$872.3M	$687.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.55	−0.015%	$13.6M	$55.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.55	−0.019%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERPshort	+0.0096%	1h	119.55	−0.014%	$355K	$747K	20x
Paradex SOL-USD-PERP	+0.0099%	8h	119.46	−0.094%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.48	−0.075%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.49	−0.066%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.60	+0.025%	$722.1M	$414.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.55	−0.017%	$179.9M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.53	−0.034%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.55	−0.016%	$978.7M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.57	−0.002%	$826.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.52	−0.042%	$372.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.39	−0.151%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.52	−0.042%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.073%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.54	−0.025%	$429.1M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.55	−0.017%	$141.1M	$197.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.54	−0.027%	$498.9M	$452.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.57	0.000%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.47	−0.084%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.69	+0.104%	$96.1M	$402.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.56	−0.011%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.61	+0.036%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.42	−0.125%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.52	−0.042%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.56	−0.007%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.54	−0.023%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.46	−0.096%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.56	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	119.57	long leg	$46.7M	$101.6M	50x
Extended SOL-USD	+0.0104%	1h	119.54	−0.025%	$8.7M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.61	+0.033%	$8.2M	$417.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.46	−0.093%	—	$221.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.58	+0.008%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.57	−0.001%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.50	−0.060%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.55	−0.013%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.41	−0.134%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.59	+0.017%	$35.6M	$91.2M	100x	as long as short