Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.011%

Price spread now: BingX against Arcus−0.042%7-day average −0.029% · 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−$20as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Arcus Short on BingX

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 7 days−0.003%$0 · spread now −0.042%, 7d avg −0.029%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	117.44	0.0100	pay 0.0013% / 1h	10m 17s	$2.0M	$9.0M	20x
Short	BingX SOL-USDT	117.39	0.0080	get 0.0080% / 8h	6h 10m	—	$369.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$4.2
Price spread: −0.042% → −0.029%: −$1.26
Slippage, 4 orders: −$4.14
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.09
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; BingX: live order book, 14 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, 4 min ago	0.04 bp	4.7 bp −$5	5.7 bp −$57	11.2 bp −$1,123	doesn't fit
Sell BingX live order book, 14 min ago	0.81 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$827	12.1 bp −$6,031

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	117.55	+0.096%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.40	−0.037%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.38	−0.050%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.44	−0.001%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	+0.118%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.42	−0.015%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.45	+0.013%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.32	−0.105%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.63	+0.158%	$100K	$691K	20x	as long as short
Gate SOL_USDT	+0.0042%	8h	117.39	−0.043%	$847.5M	$665.5M	100x	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	117.40	−0.038%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.50	+0.055%	$228.3M	$45.5M	75x	as long as short
ApeX Omni SOLUSDT	+0.0065%	1h	117.57	+0.112%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.39	−0.043%	$8.0M	$407.3M	50x	as long as short
BingX SOL-USDTshort	+0.0080%	8h	117.39	−0.042%	—	$369.5M	—
Orderly PERP_SOL_USDC	+0.0088%	8h	117.39	−0.039%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.44	+0.002%	$13.0M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.50	+0.048%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.42	−0.017%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.38	−0.049%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.47	+0.024%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.41	−0.026%	$67K	$856K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.46	+0.021%	$5.8M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.42	−0.021%	$176.2M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.49	+0.039%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.38	−0.047%	$967.5M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.39	−0.043%	$818.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.40	−0.034%	$365.8M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	−0.026%	$238K	$864K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	117.44	long leg	$2.0M	$9.0M	20x
Bulk SOL-USD	+0.0100%	1h	117.53	+0.073%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	−0.034%	$424.2M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.42	−0.017%	$130.2M	$211.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.38	−0.049%	$486.4M	$440.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.58	+0.119%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.49	+0.046%	$24.3M	$121.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.50	+0.052%	$94.4M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	+0.148%	$48.2M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.50	+0.051%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	−0.034%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.40	−0.037%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.39	−0.043%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.39	−0.039%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.39	−0.043%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	+0.136%	$45.8M	$101.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.66	+0.187%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.36	−0.067%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.41	−0.028%	—	$225.3M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	117.51	+0.064%	$718.7M	$401.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.38	−0.054%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.366%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.38	−0.049%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.61	+0.144%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.46	+0.018%	$128K	$3.9M	8.3x	as long as short