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: SunX against Phemex−0.045%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.045%, 7d avg −0.023%

Together, before fees+0.142%+$14 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: SunX is 0.022% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	118.04	0.0100	pay 0.0100% / 8h	6h 43m	$46.0M	$101.7M	50x
Short	SunX SOL-USDT	117.99	0.0100	get 0.0100% / 8h	6h 43m	$192K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.023%: −$2.18
Slippage, 4 orders: −$72.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$94.88
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; SunX: live order book, 12 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	0.42 bp	10.2 bp −$10	10.6 bp −$106	16.1 bp −$1,608	doesn't fit
Sell SunX live order book, 12 min ago	3.70 bp	45.5 bp −$45	63.7 bp −$637	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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.042%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.92	−0.097%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.05	+0.006%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.88	−0.132%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0033%	8h	117.97	−0.063%	$229.4M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.97	−0.062%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0003%	8h	117.92	−0.102%	$852.6M	$654.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.00	−0.033%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.00	−0.034%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.92	−0.105%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.96	−0.069%	$128K	$4.0M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.94	−0.088%	$2.0M	$4.7M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.02	−0.014%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.05	+0.004%	$7.9M	$412.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.90	−0.121%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.05	+0.005%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.02	−0.017%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.94	−0.081%	$13.0M	$59.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.97	−0.062%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.03	−0.005%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.97	−0.060%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.95	−0.076%	$49K	$835K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.00	−0.034%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.02	−0.017%	$177.3M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.00	−0.036%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.97	−0.062%	$978.7M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.93	−0.093%	$823.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.94	−0.085%	$369.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.84	−0.169%	$239K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.96	−0.066%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.91	−0.110%	$423.7M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	−0.091%	$133.8M	$208.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.91	−0.110%	$489.4M	$446.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.05	+0.008%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	−0.028%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.019%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.100%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.94	−0.085%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.95	−0.076%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.98	−0.048%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.02	−0.018%	$37K	$16K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.99	−0.045%	$192K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	118.04	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	118.04	long leg	$46.0M	$101.7M	50x
Bulk SOL-USD	+0.0100%	1h	118.07	+0.026%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.152%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.91	−0.114%	$8.2M	$35.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	118.09	+0.041%	$26.4M	$25.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	−0.123%	—	$228.3M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	118.15	+0.093%	$720.0M	$403.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.93	−0.095%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	0.000%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.136%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.99	−0.042%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0311%	1h	118.03	−0.005%	$25K	$51K	20x	as long as short