Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.031%

Price spread now: dYdX against BingX+0.012%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 7 days+0.101%+$10 · spread now +0.012%, 7d avg +0.041%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.029% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDC	118.59	0.0080	pay 0.0080% / 8h	9m 41s	—	$10.5M	—
Short	dYdX SOL-USD	118.60	−0.0021	pay 0.0003% / 1h	9m 41s	$4.8M	$28.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$21.17
Price spread: +0.012% → +0.041%: −$2.92
Slippage, 4 orders: −$12.55
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$56.64
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; dYdX: live order book, 5 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, 3 min ago	0.34 bp	7.1 bp −$7	9.1 bp −$91	13.7 bp −$1,375	27.8 bp −$13.9K
Sell dYdX live order book, 5 min ago	3.79 bp	10.9 bp −$11	15.5 bp −$155	29.7 bp −$2,972	35.1 bp −$17.6K

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	118.54	−0.043%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.078%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.55	−0.028%	—	$723K	20x	as long as short
dYdX SOL-USDshort	−0.0021%	1h	118.60	+0.012%	$4.8M	$28.0M	20x
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	−0.048%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.61	+0.019%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.59	+0.005%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.62	+0.028%	$174K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.68	+0.077%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0071%	8h	118.59	+0.003%	$865.3M	$687.1M	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	+0.0076%	8h	118.63	+0.040%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.55	−0.031%	$230.8M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.088%	$104K	$158K	20x	as long as short
BingX SOL-USDClong	+0.0080%	8h	118.59	long leg	—	$10.5M	—
Lighter SOL	+0.0096%	1h	118.62	+0.029%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.61	+0.020%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.54	−0.040%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.61	+0.020%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.61	+0.016%	$8.1M	$416.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.59	+0.007%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	+0.029%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.035%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.74	+0.130%	$718.0M	$407.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.63	+0.038%	$178.3M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.62	+0.030%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.61	+0.019%	$978.0M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.58	−0.003%	$822.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.56	−0.022%	$370.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	−0.005%	$229K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.68	+0.077%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.119%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.59	+0.003%	$425.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.64	+0.042%	$137.8M	$206.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.62	+0.029%	$492.1M	$459.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	+0.054%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.091%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	−0.037%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.53	−0.050%	$48.6M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.52	−0.056%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.62	+0.029%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.58	−0.003%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.62	+0.027%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	+0.042%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.61	+0.020%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.60	+0.012%	$46.4M	$102.6M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.088%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.59	+0.005%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.63	+0.034%	$32.5M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0112%	1h	118.62	+0.030%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.009%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0070%	1h	118.59	+0.005%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.273%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.57	−0.010%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.089%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.062%	$1.8M	$4.9M	20x	as long as short