Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: SoDEX against SunX−0.022%7-day average +0.009% · 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−$87as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.022%, 7d avg +0.009%

Together, before fees+0.014%+$1 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: SoDEX is 0.031% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	118.10	0.0100	pay 0.0100% / 8h	6h 48m	$192K	$1.8M	30x
Short	SoDEX SOL-USD	118.07	0.0100	get 0.0013% / 1h	48m 12s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.009%: −$3.13
Slippage, 4 orders: −$67.7
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$86.83
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; SoDEX: live order book, 1 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, 7 min ago	3.70 bp	29.4 bp −$29	48.7 bp −$487	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.42 bp	4.4 bp −$4	5.5 bp −$55	22.3 bp −$2,229	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	−0.0412%	1h	117.96	−0.113%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.04	−0.046%	$92K	$706K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.20	+0.091%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.00	−0.081%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0041%	8h	117.96	−0.116%	$229.4M	$45.0M	75x	as long as short
Gate SOL_USDT	−0.0024%	8h	118.07	−0.022%	$853.6M	$652.6M	100x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.99	−0.090%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.03	−0.056%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.15	+0.046%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.11	+0.014%	$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	118.14	+0.039%	$131K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0012%	1h	118.13	+0.030%	$26.4M	$25.3M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.07	−0.021%	$1.8M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.12	+0.019%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.11	+0.012%	$8.0M	$411.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.17	+0.063%	—	$369.8M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.08	−0.016%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.11	+0.012%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.09	−0.005%	$13.5M	$58.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.08	−0.016%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.06	−0.032%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.13	+0.029%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.03	−0.056%	$43K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.06	−0.027%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.06	−0.034%	$177.5M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.17	+0.059%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.15	+0.045%	$978.5M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.19	+0.079%	$823.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.17	+0.062%	$368.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.14	+0.037%	$239K	$909K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.10	+0.007%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.045%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.14	+0.037%	$423.8M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.14	+0.036%	$133.8M	$207.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.17	+0.062%	$490.2M	$445.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.13	+0.029%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.97	−0.110%	$24.4M	$129.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.310%	$94.6M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.06	−0.030%	$48.4M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.10	+0.003%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.03	−0.056%	$354K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.03	−0.057%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.06	−0.030%	$37K	$16K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	118.10	long leg	$192K	$1.8M	30x
SoDEX SOL-USDshort	+0.0100%	1h	118.07	−0.022%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.08	−0.014%	$46.0M	$101.5M	50x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.105%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.07	−0.022%	$8.3M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.18	+0.070%	—	$228.5M	500x	as long as short
Hyperliquid SOL	+0.0124%	1h	118.28	+0.156%	$720.8M	$402.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.99	−0.092%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	−0.048%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.189%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.02	−0.063%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0302%	1h	118.07	−0.019%	$25K	$51K	20x	as long as short