Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h 0.000%

Price spread now: 01 Exchange against Binance−0.063%53s7-day average +0.030% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.063%, 7d avg +0.030%

Together, before fees+0.115%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.092% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	117.64	0.0100	pay 0.0100% / 8h	6h 54m	$973.9M	$3.80B	100x
Short	01 Exchange SOLUSD	117.57	0.0048	get 0.0006% / 1h	54m 41s	$102K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.063%Rate

Funding earned: −$10.92
Price spread: −0.063% → +0.030%: −$9.24
Slippage, 4 orders: −$12.01
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$49.16
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; 01 Exchange: 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 Binance live order book, 4 min ago	0.42 bp	5.4 bp −$5	5.9 bp −$59	8.8 bp −$878	17.7 bp −$8,854
Sell 01 Exchange live order book, 14 min ago	1.26 bp	10.3 bp −$10	16.4 bp −$164	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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	+0.344%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.62	−0.019%	$920	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.65	+0.001%	$94K	$696K	20x	as long as short
Vest SOL-PERP	−0.0079%	1h	117.53	−0.098%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0079%	8h	117.52	−0.104%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERP	−0.0050%	1h	117.52	−0.107%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	−0.063%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.69	+0.041%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	−0.046%	$1.6M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.56	−0.071%	$131K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.64	−0.006%	$26.4M	$25.3M	50x	as long as short
Gate SOL_USDT	+0.0005%	8h	117.65	+0.005%	$843.6M	$647.7M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.53	−0.100%	$1.8M	$4.6M	20x	as long as short
01 Exchange SOLUSDshort	+0.0048%	1h	117.57	−0.063%	$102K	$162K	20x
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.63	−0.015%	$31.5M	$98.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.65	+0.006%	$7.9M	$409.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.58	−0.051%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.61	−0.027%	$1.0M	$5.9M	100x	as long as short
Lighter RH SOL	+0.0088%	1h	117.65	+0.005%	$2.2M	$16.6M	25x	as long as short
Lighter SOL	+0.0096%	1h	117.70	+0.048%	$13.1M	$57.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.61	−0.025%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.58	−0.056%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.105%	$45K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.59	−0.049%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.63	−0.011%	$177.5M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.69	+0.038%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	117.64	long leg	$973.9M	$3.80B	100x
Bybit SOLUSDT	+0.0100%	8h	117.61	−0.029%	$818.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	−0.054%	$365.0M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.56	−0.071%	$255K	$899K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.59	−0.042%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.430%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.61	−0.029%	$421.7M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.63	−0.009%	$133.1M	$207.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.56	−0.072%	$487.9M	$445.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	+0.005%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.031%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.380%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.85	+0.173%	$48.3M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.09	+0.379%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.52	−0.105%	$351K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.54	−0.086%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.57	−0.065%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.61	−0.026%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.61	−0.029%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.66	+0.014%	$45.9M	$100.4M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	117.78	+0.116%	$716.1M	$400.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.54	−0.086%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.61	−0.025%	—	$228.1M	500x	as long as short
Phoenix SOL	+0.0114%	1h	117.72	+0.065%	$6.5M	$13.5M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.50	−0.119%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.63	−0.012%	$52.2M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.578%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.55	−0.082%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0275%	1h	118.21	+0.485%	$25K	$51K	20x	as long as short