Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.041%

Price spread now: RISEx against Binance−0.002%7-day average −0.006% · 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−$18as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.002%, 7d avg −0.006%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	118.56	0.0100	pay 0.0100% / 8h	5m 22s	$977.6M	$3.82B	100x
Short	RISEx SOL/USDC	118.56	0.0226	get 0.0028% / 1h	5m 22s	$1.8M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.002%Rate

Funding earned: $26.46
Price spread: −0.002% → −0.006%: $0.4
Slippage, 4 orders: −$2.44
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $8.42
Costs to cover: 0.184%
Break-even: 4.8 days

Slippage from Binance: live order book, 9 min ago; RISEx: live order book, 4 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, 9 min ago	0.42 bp	5.4 bp −$5	5.6 bp −$56	8.5 bp −$846	17.2 bp −$8,583
Sell RISEx live order book, 4 min ago	0.04 bp	4.6 bp −$5	6.9 bp −$69	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
Derive SOL-PERP	−0.0100%	1h	118.48	−0.069%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	−0.038%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.51	−0.045%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.56	+0.003%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.57	+0.008%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.57	+0.006%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.55	−0.009%	$174K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0007%	1h	118.55	−0.008%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0029%	1h	118.63	+0.060%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.55	−0.008%	$865.8M	$688.1M	100x	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	+0.0077%	8h	118.57	+0.008%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.53	−0.029%	$230.7M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.57	+0.008%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.52	−0.036%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.52	−0.037%	$120K	$631K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.56	+0.001%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.50	−0.055%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.57	+0.005%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.60	+0.031%	$8.1M	$415.6M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.54	−0.020%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.53	−0.025%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.008%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.68	+0.101%	$717.6M	$407.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.55	−0.008%	$178.1M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.54	−0.017%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	118.56	long leg	$977.6M	$3.82B	100x
Bybit SOLUSDT	+0.0100%	8h	118.57	+0.010%	$821.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.54	−0.017%	$370.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.101%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.60	+0.035%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	+0.074%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.56	0.000%	$428.1M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.57	+0.007%	$137.1M	$206.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.56	−0.001%	$491.8M	$458.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.54	−0.017%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.068%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.60	+0.032%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	+0.067%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	+0.017%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.55	−0.008%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.55	−0.005%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.55	−0.008%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.55	−0.011%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.57	+0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.57	+0.008%	$46.4M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	+0.067%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.56	−0.003%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.58	+0.020%	$32.5M	$96.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.61	+0.040%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.55	−0.005%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.57	+0.005%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.084%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.54	−0.020%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.59	+0.025%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDCshort	+0.0226%	1h	118.56	−0.002%	$1.8M	$4.8M	20x