Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against SunX−0.146%7-day average +0.015% · 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−$64as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.146%, 7d avg +0.015%

Together, before fees+0.279%+ Points / potential airdropNado: Active · farm board+$28 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: Nado is 0.161% cheaper against SunX than usual: you would sell low and buy high, −$16 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	SunX SOL-USDT	116.96	0.0100	pay 0.0100% / 8h	3h 49m	$190K	$1.8M	30x
Short	Nado SOL-PERP	116.79	0.0100	get 0.0012% / 1h	49m 48s	$5.4M	$40.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → +0.015%: −$16.1
Slippage, 4 orders: −$33.38
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$64.48
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Nado: 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 SunX live order book, 6 min ago	3.59 bp	19.3 bp −$19	30.0 bp −$300	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.43 bp	3.9 bp −$4	3.9 bp −$39	8.0 bp −$800	29.1 bp −$14.6K

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	−0.0193%	1h	116.79	−0.140%	$31.2M	$100.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	117.03	+0.065%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0092%	1h	116.75	−0.174%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.98	+0.015%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	−0.170%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.98	+0.021%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0004%	1h	116.81	−0.126%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.69	−0.232%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.78	−0.157%	$7.4M	$404.8M	50x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	116.76	−0.170%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0093%	8h	116.76	−0.171%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.72	−0.208%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.71	−0.213%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	−0.167%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.72	−0.204%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	−0.135%	$1.0M	$551K	50x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	116.79	−0.146%	$5.4M	$40.1M	40x
Hyperliquid SOL	+0.0100%	1h	116.82	−0.118%	$705.1M	$393.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.70	−0.221%	$174.7M	$183.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	−0.105%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.72	−0.204%	$974.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.62	−0.288%	$770.2M	$1.37B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.72	−0.204%	$367.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.90	−0.050%	$230K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.82	−0.120%	$926K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.70	−0.221%	$850.3M	$657.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.72	−0.204%	$365.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.71	−0.211%	$129.1M	$222.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.68	−0.241%	$480.1M	$443.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	−0.226%	—	$365.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.75	−0.178%	$23.1M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.95	−0.003%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.88	−0.066%	$93.8M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.05	+0.078%	$47.8M	$30.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.99	+0.031%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.027%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	−0.204%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.77	−0.158%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	−0.179%	$25K	$31K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	116.96	long leg	$190K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	116.78	−0.152%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.80	−0.134%	$226.4M	$47.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.83	−0.110%	$45.8M	$102.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.90	−0.050%	$134.0M	$22.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.65	−0.260%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	−0.204%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.95	−0.004%	—	$231.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	116.82	−0.117%	$26.4M	$23.3M	50x	as long as short
Phoenix SOL	+0.0151%	1h	117.05	+0.078%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.71	−0.211%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.00	+0.036%	$52.0M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.75	−0.181%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.79	−0.142%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0515%	1h	116.88	−0.069%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.87	−0.071%	$1.9M	$4.8M	20x	as long as short