Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.002%

Price spread now: SunX against 01 Exchange+0.005%7-day average −0.051% · 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−$37as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on 01 Exchange Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.005%, 7d avg −0.051%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.056% dearer against 01 Exchange than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.41	0.0072	pay 0.0009% / 1h	10m 16s	$104K	$153K	20x
Short	SunX SOL-USDT	119.42	0.0100	get 0.0100% / 8h	2h 10m	$194K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $5.88
Price spread: +0.005% → −0.051%: $5.55
Slippage, 4 orders: −$27.57
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.14
Costs to cover: 0.426%
Break-even: 44.1 days

Slippage from 01 Exchange: live order book, 14 min ago; SunX: live order book, 5 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, 14 min ago	0.83 bp	8.4 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	1.57 bp	18.0 bp −$18	25.2 bp −$252	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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.218%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.115%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.34	−0.056%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.21	−0.168%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0007%	1h	119.42	+0.005%	$4.9M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.45	+0.030%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.44	+0.023%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.39	−0.018%	$179K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0041%	1h	119.47	+0.051%	$24K	$47K	20x	as long as short
HTX SOL-USDT	+0.0054%	8h	119.37	−0.033%	$232.5M	$44.7M	75x	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	+0.0062%	8h	119.43	+0.018%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.31	−0.081%	$120K	$633K	20x	as long as short
01 Exchange SOLUSDlong	+0.0072%	1h	119.41	long leg	$104K	$153K	20x
Deribit SOL_USDC-PERPETUAL	+0.0080%	1h	119.46	+0.045%	$26.8M	$27.7M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.38	−0.026%	—	$374.6M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.40	−0.008%	$871.3M	$688.5M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.39	−0.017%	$13.7M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.38	−0.025%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.38	−0.022%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.36	−0.039%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.40	−0.008%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.37	−0.036%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.51	+0.084%	$721.1M	$415.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.42	+0.009%	$179.2M	$176.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.43	+0.016%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.38	−0.023%	$977.4M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.38	−0.024%	$825.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.35	−0.050%	$372.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.40	−0.008%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.43	+0.016%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	−0.134%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.38	−0.025%	$451.3M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.38	−0.028%	$140.8M	$198.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	−0.039%	$497.9M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	−0.017%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.002%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.43	+0.019%	$95.9M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.33	−0.067%	$48.8M	$33.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	−0.022%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.41	0.000%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.42	+0.008%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.42	+0.012%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.42	+0.004%	$38K	$16K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	119.42	+0.005%	$194K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.40	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.42	+0.008%	$46.7M	$101.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.37	−0.034%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.45	+0.032%	$8.2M	$417.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.38	−0.023%	—	$221.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.39	−0.017%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.45	+0.031%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.43	+0.014%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.42	+0.010%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.37	−0.033%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.43	+0.020%	$35.5M	$91.2M	100x	as long as short