Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.043%

Price spread now: dYdX against Binance+0.259%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days−0.243%−$24 · spread now +0.259%, 7d avg −0.016%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.275% dearer against Binance than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of −0.016%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	115.87	0.0100	pay 0.0100% / 8h	2h 41m	$966.3M	$3.86B	100x
Short	dYdX SOL-USD	116.17	0.0015	get 0.0002% / 1h	41m 18s	$4.4M	$24.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.259%Rate

Funding earned: −$17.9
Price spread: +0.259% → −0.016%: $27.54
Slippage, 4 orders: −$11.18
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$21.54
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; dYdX: 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 Binance live order book, 3 min ago	0.43 bp	5.4 bp −$5	6.5 bp −$65	9.9 bp −$992	20.0 bp −$10.0K
Sell dYdX live order book, 3 min ago	5.16 bp	10.2 bp −$10	13.0 bp −$130	20.7 bp −$2,067	51.0 bp −$25.5K

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	116.03	+0.138%	$31.6M	$103.5M	100x	as long as short
Hibachi SOL/USDT-P	−0.0224%	1h	116.22	+0.298%	$104K	$705K	20x	as long as short
Vest SOL-PERP	−0.0123%	1h	116.09	+0.190%	—	$625K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	115.99	+0.102%	$741.1M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.22	+0.304%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	115.94	+0.056%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.04	+0.144%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.09	+0.188%	$99K	$176K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.95	+0.066%	$1.5M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.10	+0.199%	$112K	$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-USDshort	+0.0015%	1h	116.17	+0.259%	$4.4M	$24.2M	20x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.03	+0.140%	$7.7M	$403.9M	50x	as long as short
Bullet SOL-USD	+0.0049%	1h	116.04	+0.144%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0072%	8h	115.99	+0.103%	$480.4M	$451.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.04	+0.146%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.93	+0.053%	$13.0M	$60.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.93	+0.053%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.02	+0.129%	$349K	$247K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0096%	1h	116.09	+0.188%	$26.2M	$22.6M	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.05	+0.153%	$65K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.13	+0.223%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.07	+0.174%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.17	+0.257%	$697.4M	$394.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	115.90	+0.026%	$173.7M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.17	+0.254%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	115.87	long leg	$966.3M	$3.86B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.02	+0.127%	$365.6M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	+0.171%	$213K	$869K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.13	+0.219%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.315%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.06	+0.162%	$847.8M	$660.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.05	+0.153%	$366.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.07	+0.172%	$123.5M	$227.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.01	+0.116%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.20	+0.283%	$22.9M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	+0.339%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.27	+0.344%	$93.3M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.31	+0.378%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.31	+0.378%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.21	+0.291%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.08	+0.179%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.02	+0.129%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.08	+0.182%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.02	+0.127%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.87	+0.001%	$224.8M	$49.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.92	+0.041%	$45.1M	$103.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.97	+0.087%	$8.1M	$38.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.10	+0.198%	—	$238.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.585%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.27	+0.343%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.06	+0.165%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	−0.054%	$51.7M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.05	+0.152%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.15	+0.240%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0596%	1h	116.34	+0.400%	$25K	$52K	20x	as long as short