Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.037%

Price spread now: MEXC against RISEx−0.189%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.095%−$9 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.189%, 7d avg +0.004%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and MEXC is 0.193% cheaper against RISEx than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.095% in total (about -9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	116.63	0.0547	pay 0.0068% / 1h	50m 08s	$1.9M	$4.9M	20x
Short	MEXC SOL_USDT	116.41	0.0100	get 0.0100% / 8h	2h 50m	$363.9M	$1.07B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$93.84
Price spread: −0.189% → +0.004%: −$19.26
Slippage, 4 orders: −$3.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$124.78
Costs to cover: 0.117%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; MEXC: live order book, 4 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 RISEx live order book, 4 min ago	0.04 bp	3.0 bp −$3	5.7 bp −$57	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$266	5.0 bp −$2,485

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
Hibachi SOL/USDT-P	−0.0240%	1h	116.54	−0.077%	$105K	$705K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.41	−0.189%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0126%	1h	116.50	−0.109%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.36	−0.232%	$744.5M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	−0.064%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	116.36	−0.231%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.46	−0.146%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.57	−0.052%	$99K	$175K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.57	−0.048%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0022%	1h	116.55	−0.070%	$4.4M	$24.2M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0035%	1h	116.45	−0.154%	$147K	$1.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.42	−0.183%	$7.8M	$405.3M	50x	as long as short
Bitget SOLUSDT	+0.0077%	8h	116.37	−0.225%	$480.6M	$449.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.44	−0.160%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.41	−0.190%	$13.0M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.40	−0.195%	$2.2M	$16.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.44	−0.164%	$350K	$247K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0096%	1h	116.49	−0.116%	$26.3M	$22.9M	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.50	−0.112%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.58	−0.040%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	−0.083%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.49	−0.120%	$699.1M	$393.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.39	−0.208%	$174.4M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	−0.040%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.40	−0.197%	$970.1M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.40	−0.197%	$366.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.137%	$212K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.60	−0.029%	$917K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.154%	$130.4M	$16.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.42	−0.180%	$850.3M	$658.9M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.41	−0.189%	$363.9M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.40	−0.196%	$124.0M	$227.4M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.42	−0.183%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.40	−0.197%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.47	−0.133%	$25.1M	$114.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.35	−0.242%	$93.4M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.47	−0.134%	$47.6M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.41	−0.189%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.52	−0.094%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.54	−0.077%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.44	−0.159%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.43	−0.170%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.41	−0.189%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.52	−0.090%	$225.8M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.45	−0.154%	$45.4M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.38	−0.217%	$8.1M	$38.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.55	−0.065%	—	$237.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.50	−0.112%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.45	−0.154%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.49	−0.120%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	−0.086%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.47	−0.138%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.56	−0.060%	$112K	$3.7M	8.3x	as long as short
RISEx SOL/USDClong	+0.0547%	1h	116.63	long leg	$1.9M	$4.9M	20x
Aftermath Perps SOLUSD	+0.0570%	1h	116.51	−0.103%	$25K	$52K	20x	as long as short