Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: MEXC against Phemex−0.017%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.017%, 7d avg +0.002%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	115.77	0.0100	pay 0.0100% / 8h	2h 29m	$45.1M	$104.6M	50x
Short	MEXC SOL_USDT	115.75	0.0100	get 0.0100% / 8h	2h 29m	$358.9M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.002%: −$1.9
Slippage, 4 orders: −$8.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$24.13
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; MEXC: 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 Phemex live order book, 5 min ago	0.43 bp	6.8 bp −$7	7.2 bp −$72	15.8 bp −$1,579	doesn't fit
Sell MEXC live order book, 5 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.3 bp −$234	4.5 bp −$2,232

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	−0.0241%	1h	115.77	+0.003%	$31.7M	$103.6M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	115.84	+0.060%	$104K	$693K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.70	−0.059%	$740.0M	$1.42B	100x	as long as short
BingX SOL-USDT	−0.0116%	8h	115.73	−0.035%	—	$368.9M	—	as long as short
Vest SOL-PERP	−0.0091%	1h	115.83	+0.055%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.16	+0.339%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.73	−0.033%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.85	+0.071%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.81	+0.039%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.85	+0.071%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0013%	1h	115.80	+0.027%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.83	+0.052%	$98K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.77	−0.003%	$7.8M	$403.1M	50x	as long as short
Bitget SOLUSDT	+0.0068%	8h	115.69	−0.067%	$478.9M	$455.9M	100x	as long as short
Bullet SOL-USD	+0.0089%	1h	115.84	+0.063%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.83	+0.050%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.73	−0.030%	$12.9M	$60.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.72	−0.039%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.83	+0.050%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.79	+0.015%	$173.6M	$184.6M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.80	+0.026%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.80	+0.029%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.81	+0.037%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.93	+0.138%	$686.5M	$399.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.81	+0.032%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.76	−0.012%	$962.5M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.74	−0.026%	$360.9M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.75	−0.017%	$215K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.87	+0.089%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.061%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.82	+0.043%	$840.0M	$667.6M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	115.75	−0.017%	$358.9M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	115.75	−0.021%	$124.4M	$229.3M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.74	−0.026%	$22.8M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.67	−0.089%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.77	+0.004%	$92.9M	$406.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.76	−0.009%	$47.4M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.81	+0.035%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.83	+0.052%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.84	+0.060%	$318K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.82	+0.044%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.80	+0.022%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.76	−0.009%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.80	+0.022%	$224.3M	$50.0M	75x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	115.77	long leg	$45.1M	$104.6M	50x
Extended SOL-USD	+0.0104%	1h	115.77	−0.002%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.84	+0.058%	—	$239.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0127%	1h	115.87	+0.090%	$26.2M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.674%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.87	+0.086%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.84	+0.058%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.73	−0.035%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.85	+0.070%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.90	+0.115%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0595%	1h	115.90	+0.115%	$25K	$53K	20x	as long as short