Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.001%

Price spread now: SunX against SoDEX+0.013%7-day average −0.006% · you sell dearer than you buy

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

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

costs, in and out, $10k−$540.540% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.013%, 7d avg −0.006%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.54	0.0064	pay 0.0008% / 1h	59m 44s	$6.1M	$11.0M	20x
Short	SunX SOL-USDT	116.55	0.0100	get 0.0100% / 8h	59m 44s	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $7.57
Price spread: +0.013% → −0.006%: $1.87
Slippage, 4 orders: −$38
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$44.56
Costs to cover: 0.540%
Break-even: 48.2 days

Slippage from SoDEX: live order book, 4 min ago; SunX: live order book, 6 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 SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	4.7 bp −$47	18.7 bp −$1,875	doesn't fit
Sell SunX live order book, 6 min ago	4.57 bp	22.5 bp −$23	38.4 bp −$384	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
Hibachi SOL/USDT-P	−0.0216%	1h	116.52	−0.016%	$97K	$679K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.47	−0.060%	$737.2M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.54	−0.003%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.59	+0.039%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.028%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.52	−0.016%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.59	+0.042%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.54	−0.003%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.57	+0.025%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.51	−0.027%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0035%	8h	116.47	−0.064%	$480.3M	$458.8M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.58	+0.034%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.58	+0.033%	$8.0M	$402.2M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.47	−0.057%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USDlong	+0.0064%	1h	116.54	long leg	$6.1M	$11.0M	20x
Aster SOLUSDT	+0.0071%	8h	116.48	−0.051%	$176.4M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	116.54	+0.001%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0091%	1h	116.63	+0.076%	$26.4M	$21.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.56	+0.021%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.49	−0.044%	$13.2M	$60.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.55	+0.007%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.009%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	+0.009%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.60	+0.053%	$700.9M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	−0.017%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	−0.043%	$965.4M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.50	−0.034%	$367.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	+0.026%	$216K	$825K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	+0.023%	$898K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.075%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.51	−0.026%	$851.9M	$677.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.50	−0.034%	$369.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.52	−0.015%	$132.9M	$233.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.49	−0.039%	—	$373.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	0.000%	$23.0M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.44	−0.082%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.55	+0.008%	$93.6M	$408.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.53	−0.009%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.66	+0.101%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.59	+0.043%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.56	+0.017%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.57	+0.028%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.56	+0.019%	$27K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.55	+0.013%	$189K	$1.8M	30x
HTX SOL-USDT	+0.0100%	8h	116.49	−0.047%	$225.6M	$50.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	0.000%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.066%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.49	−0.039%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.069%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.59	+0.043%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.52	−0.020%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.043%	$52.0M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.58	+0.036%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.63	+0.080%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.64	+0.084%	$25K	$57K	20x	as long as short