Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Polymarket Perps−0.143%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.143%, 7d avg −0.015%

Together, before fees+0.087%+$9 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 0.128% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SOL-USD	116.70	0.0100	pay 0.0013% / 1h	49m 40s	$324K	$2.7M	20x
Short	SunX SOL-USDT	116.53	0.0100	get 0.0100% / 8h	4h 49m	$189K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Polymarket Perps. 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.015%: −$12.8
Slippage, 4 orders: −$23.09
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.88
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; SunX: live order book, 8 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 Polymarket Perps live order book, 2 min ago	0.86 bp	5.7 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	3.00 bp	20.2 bp −$20	25.3 bp −$253	doesn't fit	doesn't fit

SOL on 55 exchanges

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
Hibachi SOL/USDT-P	−0.0184%	1h	116.60	−0.086%	$99K	$646K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.10	+0.339%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0046%	8h	116.50	−0.171%	$724.6M	$1.22B	100x	as long as short
Derive SOL-PERP	−0.0036%	1h	116.53	−0.148%	$1.8M	$2.5M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.026%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.71	+0.013%	$1.3M	$15.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.65	−0.045%	$97K	$2.6M	8.3x	as long as short
Vest SOL-PERP	+0.0015%	1h	116.67	−0.028%	—	$272K	20x	as long as short
Bitget SOLUSDT	+0.0017%	8h	116.54	−0.138%	$478.8M	$390.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0024%	1h	116.53	−0.143%	$8.5M	$360.1M	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SOL/USDC PERP	+0.0033%	1h	116.85	+0.129%	$4K	$113	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0036%	1h	116.63	−0.059%	$26.3M	$17.6M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0039%	8h	116.59	−0.092%	$961K	$5.0M	100x	as long as short
Aster SOLUSDT	+0.0044%	8h	116.51	−0.163%	$175.8M	$156.1M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.63	−0.060%	$102K	$185K	20x	as long as short
SoDEX SOL-USD	+0.0061%	1h	116.61	−0.077%	$6.0M	$11.2M	20x	as long as short
MEXC SOL_USDT	+0.0064%	8h	116.51	−0.163%	$460.2M	$949.4M	300x	as long as short
Aevo SOL-PERP	+0.0064%	1h	116.56	−0.120%	$341K	$259K	20x	as long as short
Binance SOLUSDT	+0.0065%	8h	116.48	−0.189%	$966.4M	$3.39B	100x	as long as short
Gate SOL_USDT	+0.0091%	8h	116.56	−0.120%	$836.4M	$571.5M	100x	as long as short
ApeX Omni SOLUSDT	+0.0096%	1h	116.77	+0.063%	$1.1M	$6.5M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.47	−0.195%	$12.9M	$54.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.47	−0.200%	$2.2M	$12.8M	25x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.54	−0.137%	$24K	$891K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.54	−0.138%	$1.0M	$554K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.56	−0.116%	$5.5M	$38.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.57	−0.111%	$717.7M	$364.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	−0.151%	$15.8M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.53	−0.146%	$358.0M	$1.53B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.52	−0.154%	$219K	$728K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.62	−0.066%	$1.2M	$7.7M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.45	−0.214%	$132.8M	$224.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.54	−0.139%	—	$331.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.56	−0.120%	$23.1M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.53	−0.142%	$24.9M	$94.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.72	+0.018%	$93.8M	$355.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	+0.015%	$47.8M	$25.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.62	−0.069%	$1.3M	$9.6M	30x	as long as short
Polymarket Perps SOL-USDlong	+0.0100%	1h	116.70	long leg	$324K	$2.7M	20x
Bullet SOL-USD	+0.0100%	1h	116.74	+0.031%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	−0.087%	$26K	$34K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.53	−0.143%	$189K	$1.4M	30x
HTX SOL-USDT	+0.0100%	8h	116.51	−0.162%	$225.3M	$39.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	−0.137%	$45.3M	$98.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.043%	$127.3M	$9.4M	20x	as long as short
Phoenix SOL	+0.0103%	1h	116.81	+0.094%	$6.7M	$11.6M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	−0.167%	$8.4M	$32.6M	50x	as long as short
dYdX SOL-USD	+0.0108%	1h	116.51	−0.167%	$9.1M	$17.9M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	+0.010%	—	$210.9M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0129%	1h	116.56	−0.124%	$33.2M	$91.9M	100x	as long as short
BloFin SOL-USDT	+0.0185%	8h	116.57	−0.111%	$51.6M	$55.6M	125x	as long as short
Reya SOLRUSDPERP	+0.0201%	1h	116.66	−0.034%	$1.1M	$90K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.74	+0.032%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	116.62	−0.073%	$2.2M	$3.7M	20x	as long as short
Aftermath Perps SOLUSD	+0.0423%	1h	116.77	+0.061%	$25K	$45K	20x	as long as short