Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Binance against Arcus−0.067%7-day average −0.024% · 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−$22as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.067%, 7d avg −0.024%

Together, before fees+0.021%+$2 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: Binance is 0.043% cheaper against Arcus than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	115.91	0.0100	pay 0.0013% / 1h	32m 25s	$915K	$8.8M	20x
Short	Binance SOLUSDT	115.83	0.0100	get 0.0100% / 8h	2h 32m	$961.9M	$3.88B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.024%: −$4.28
Slippage, 4 orders: −$3.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Binance: live order book, 12 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 Arcus live order book, 2 min ago	0.04 bp	4.7 bp −$5	5.6 bp −$56	10.3 bp −$1,031	doesn't fit
Sell Binance live order book, 12 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	8.6 bp −$857	18.5 bp −$9,243

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	−0.0241%	1h	115.81	−0.082%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	−0.043%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.70	−0.177%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.79	−0.102%	$740.4M	$1.42B	100x	as long as short
BingX SOL-USDC	−0.0115%	8h	115.76	−0.128%	—	$10.6M	—	as long as short
Vest SOL-PERP	−0.0100%	1h	115.81	−0.081%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.125%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	−0.075%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.83	−0.069%	$1.5M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.80	−0.096%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0014%	1h	115.86	−0.040%	$4.3M	$24.6M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.90	−0.007%	$99K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.81	−0.087%	$7.8M	$403.7M	50x	as long as short
Bitget SOLUSDT	+0.0069%	8h	115.79	−0.104%	$480.0M	$455.4M	100x	as long as short
Bullet SOL-USD	+0.0087%	1h	115.81	−0.082%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.83	−0.072%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.86	−0.041%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.83	−0.067%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	−0.094%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.85	−0.050%	$173.7M	$184.3M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.82	−0.076%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.88	−0.023%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.80	−0.093%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.89	−0.016%	$686.5M	$399.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.92	+0.006%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	115.83	−0.067%	$961.9M	$3.88B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	115.79	−0.102%	$361.1M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	−0.050%	$216K	$872K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	115.91	long leg	$915K	$8.8M	20x
Bulk SOL-USD	+0.0100%	1h	115.84	−0.058%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.85	−0.050%	$839.4M	$666.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.81	−0.085%	$358.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.86	−0.045%	$124.2M	$229.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.83	−0.067%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	+0.077%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.189%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	+0.071%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	+0.242%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	−0.059%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.82	−0.076%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.80	−0.093%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.79	−0.106%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.79	−0.102%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.77	−0.116%	$224.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.84	−0.059%	$45.1M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.79	−0.099%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.88	−0.021%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	115.85	−0.046%	$26.2M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.554%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.11	+0.174%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.77	−0.117%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	−0.085%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.82	−0.074%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.94	+0.032%	$2.0M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0599%	1h	115.99	+0.072%	$25K	$53K	20x	as long as short