Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.008%

Price spread now: Aevo against BingX+0.143%58s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.498% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.143%, 7d avg −0.014%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.157% dearer against BingX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 58 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	BingX SOL-USDT	117.60	0.0080	pay 0.0080% / 8h	6h 33m	—	$369.3M	—
Short	Aevo SOL-PERP	117.77	0.0096	get 0.0012% / 1h	33m 32s	$345K	$259K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now +0.143%Rate

Funding earned: $3.36
Price spread: +0.143% → −0.014%: $15.69
Slippage, 4 orders: −$23.76
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$30.71
Costs to cover: 0.498%
Break-even: 71.0 days

Slippage from BingX: live order book, 11 min ago; Aevo: live order book, 35 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 BingX live order book, 11 min ago	0.81 bp	5.8 bp −$6	5.8 bp −$58	7.6 bp −$762	10.2 bp −$5,082
Sell Aevo live order book, 35 min ago	10.53 bp	19.1 bp −$19	26.9 bp −$269	67.3 bp −$6,735	doesn't fit

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	117.80	+0.172%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	117.60	+0.004%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	117.77	+0.150%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDT	−0.0052%	1h	117.67	+0.058%	$1.5M	$6.1M	50x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.67	+0.061%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.59	−0.008%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.65	+0.044%	$4.5M	$24.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.78	+0.152%	$1.4M	$21.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.64	+0.038%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.80	+0.170%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0002%	8h	117.71	+0.096%	$228.8M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0015%	8h	117.58	−0.015%	$853.0M	$659.6M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.58	−0.016%	$2.0M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.76	+0.134%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.79	+0.167%	$8.0M	$410.8M	50x	as long as short
BingX SOL-USDTlong	+0.0080%	8h	117.60	long leg	—	$369.3M	—
Orderly PERP_SOL_USDC	+0.0086%	8h	117.77	+0.145%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.64	+0.034%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.62	+0.018%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.65	+0.044%	$103K	$164K	20x	as long as short
Aevo SOL-PERPshort	+0.0096%	1h	117.77	+0.143%	$345K	$259K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	117.67	+0.065%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.60	+0.002%	$65K	$852K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.69	+0.074%	$5.7M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.69	+0.078%	$718.9M	$401.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.60	+0.005%	$176.7M	$180.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.66	+0.055%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.60	+0.002%	$970.3M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.63	+0.027%	$820.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.62	+0.019%	$365.2M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	+0.010%	$238K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.60	+0.003%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.038%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.60	+0.002%	$427.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.61	+0.013%	$131.4M	$210.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.59	−0.005%	$486.7M	$442.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.83	+0.197%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	+0.050%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	+0.022%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.77	+0.146%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.66	+0.053%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.60	+0.002%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.61	+0.010%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	+0.116%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.75	+0.127%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	+0.146%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.76	+0.138%	$45.8M	$101.8M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.33	−0.228%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.55	−0.042%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.67	+0.059%	—	$227.8M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.59	−0.008%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.512%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.60	+0.003%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0312%	1h	117.66	+0.053%	$25K	$51K	20x	as long as short