Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Phemex against 01 Exchange−0.059%7-day average −0.026% · 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−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on 01 Exchange Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$3 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.059%, 7d avg −0.026%

Together, before fees−0.085%−$8 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: Phemex is 0.033% cheaper against 01 Exchange than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	117.78	0.0096	pay 0.0012% / 1h	20m 57s	$103K	$159K	20x
Short	Phemex SOLUSDT	117.71	0.0100	get 0.0100% / 8h	6h 20m	$45.9M	$101.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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 01 ExchangebpFee PhemexbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.84
Price spread: −0.059% → −0.026%: −$3.31
Slippage, 4 orders: −$14.24
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$35.72
Costs to cover: 0.332%
Break-even: 304.6 days

Slippage from 01 Exchange: live order book, 48 min ago; Phemex: live order book, 3 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 01 Exchange live order book, 48 min ago	1.26 bp	7.9 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.42 bp	7.7 bp −$8	8.8 bp −$88	16.6 bp −$1,662	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.76	−0.014%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0067%	1h	117.75	−0.027%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0027%	1h	117.66	−0.103%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0016%	1h	118.00	+0.185%	$101K	$691K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.75	−0.026%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.79	+0.005%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.84	+0.052%	$1.4M	$20.9M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0012%	1h	117.75	−0.026%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.77	−0.009%	$2.0M	$4.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0030%	1h	117.91	+0.111%	$1.5M	$6.0M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.72	−0.055%	$31.6M	$98.9M	100x	as long as short
Gate SOL_USDT	+0.0050%	8h	117.65	−0.110%	$851.7M	$663.2M	100x	as long as short
HTX SOL-USDT	+0.0052%	8h	117.71	−0.057%	$228.8M	$45.5M	75x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.71	−0.057%	$8.0M	$409.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.65	−0.111%	—	$369.2M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.74	−0.037%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.70	−0.067%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.70	−0.066%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSDlong	+0.0096%	1h	117.78	long leg	$103K	$159K	20x
Aevo SOL-PERP	+0.0096%	1h	117.73	−0.045%	$345K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.77	−0.009%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.73	−0.042%	$65K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.75	−0.021%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.65	−0.112%	$176.6M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.79	+0.012%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.63	−0.127%	$969.6M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.65	−0.110%	$820.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.63	−0.127%	$365.7M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.71	−0.059%	$239K	$892K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	−0.016%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	+0.186%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.62	−0.136%	$425.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.63	−0.131%	$131.3M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.60	−0.151%	$487.1M	$440.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.70	−0.068%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.74	−0.031%	$24.4M	$122.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.93	+0.130%	$94.7M	$404.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.96	+0.154%	$48.3M	$28.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.96	+0.153%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.76	−0.017%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.75	−0.021%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	−0.043%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.76	−0.020%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	−0.051%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTshort	+0.0100%	8h	117.71	−0.059%	$45.9M	$101.4M	50x
Phoenix SOL	+0.0101%	1h	118.11	+0.280%	$6.5M	$13.5M	25x	as long as short
Hyperliquid SOL	+0.0104%	1h	117.80	+0.013%	$720.3M	$400.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.61	−0.146%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.74	−0.031%	—	$226.2M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.75	−0.025%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.076%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.75	−0.027%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0336%	1h	117.91	+0.108%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.82	+0.036%	$129K	$3.9M	8.3x	as long as short