Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.009%

Price spread now: Coinbase International against BingX+0.041%53s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as 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−$250.254% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.041%, 7d avg +0.043%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. 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	BingX SOL-USDC	115.76	−0.0115	get 0.0115% / 8h	2h 32m	—	$10.6M	—
Short	Coinbase International SOL-PERP-INTX	115.81	0.0048	get 0.0006% / 1h	32m 27s	$7.8M	$403.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.041%Rate

Funding earned: $34.23
Price spread: +0.041% → +0.043%: −$0.24
Slippage, 4 orders: −$5.42
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $8.57
Costs to cover: 0.254%
Break-even: 5.2 days

Slippage from BingX: live order book, 6 min ago; Coinbase International: live order book, 2 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, 6 min ago	0.43 bp	6.0 bp −$6	8.7 bp −$87	14.3 bp −$1,432	29.1 bp −$14.6K
Sell Coinbase International live order book, 2 min ago	0.04 bp	6.3 bp −$6	9.7 bp −$97	15.6 bp −$1,563	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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.81	+0.046%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	+0.085%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.70	−0.049%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.79	+0.026%	$740.4M	$1.42B	100x	as long as short
BingX SOL-USDClong	−0.0115%	8h	115.76	long leg	—	$10.6M	—
Vest SOL-PERP	−0.0100%	1h	115.81	+0.046%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.253%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	+0.053%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.83	+0.059%	$1.5M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.80	+0.032%	$113K	$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-USD	+0.0014%	1h	115.86	+0.088%	$4.3M	$24.6M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.90	+0.121%	$99K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0048%	1h	115.81	+0.041%	$7.8M	$403.7M	50x
Bitget SOLUSDT	+0.0069%	8h	115.79	+0.023%	$480.0M	$455.4M	100x	as long as short
Bullet SOL-USD	+0.0087%	1h	115.81	+0.045%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.83	+0.056%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.86	+0.087%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.83	+0.060%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	+0.034%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.85	+0.078%	$173.7M	$184.3M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.82	+0.052%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.88	+0.105%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.80	+0.035%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.89	+0.112%	$686.5M	$399.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.92	+0.134%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.83	+0.061%	$961.9M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.79	+0.026%	$361.1M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	+0.078%	$216K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.91	+0.128%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.070%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.85	+0.078%	$839.4M	$666.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.81	+0.043%	$358.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.86	+0.083%	$124.2M	$229.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.83	+0.060%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	+0.205%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.318%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	+0.199%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	+0.370%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	+0.069%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.82	+0.052%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.80	+0.035%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.79	+0.022%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.79	+0.026%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.77	+0.012%	$224.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.84	+0.069%	$45.1M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.79	+0.028%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.88	+0.107%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	115.85	+0.082%	$26.2M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.682%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.11	+0.302%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.77	+0.011%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	+0.043%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.82	+0.053%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.94	+0.159%	$2.0M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0599%	1h	115.99	+0.200%	$25K	$53K	20x	as long as short