Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.008%

Price spread now: edgeX against BingX−0.163%85s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as 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−$260.256% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.163%, 7d avg −0.022%

Together, before fees+0.190%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.141% cheaper against BingX than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.022%). If the spread goes back, that is −$14 on $10k: about 23 days of funding at the current rate (+$1 a day). The two prices were read 85 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	119.41	0.0080	pay 0.0080% / 8h	1h 00m	—	$372.8M	—
Short	edgeX SOLUSDC	119.22	0.0100	get 0.0050% / 4h	1h 00m	$95.8M	$401.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.163%Rate

Funding earned: $4.2
Price spread: −0.163% → −0.022%: −$14.1
Slippage, 4 orders: −$6.63
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$35.53
Costs to cover: 0.256%
Break-even: 66.2 days

Slippage from BingX: live order book, 4 min ago; edgeX: 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 BingX live order book, 4 min ago	0.80 bp	5.8 bp −$6	5.8 bp −$58	7.6 bp −$758	10.9 bp −$5,471
Sell edgeX live order book, 4 min ago	2.52 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$710	10.2 bp −$5,103

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
Bluefin SOL-PERP	−0.0160%	1h	119.43	+0.018%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.37	−0.033%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.33	−0.065%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.36	−0.047%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.44	+0.022%	$115K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.42	+0.008%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.43	+0.018%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.38	−0.029%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.28	−0.111%	$6.6M	$13.6M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.43	+0.015%	$104K	$157K	20x	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	+0.0071%	8h	119.45	+0.034%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0073%	1h	119.47	+0.045%	$26.7M	$26.2M	50x	as long as short
BingX SOL-USDTlong	+0.0080%	8h	119.41	long leg	—	$372.8M	—
HTX SOL-USDT	+0.0082%	8h	119.37	−0.031%	$232.4M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.40	−0.010%	$871.9M	$691.0M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	119.29	−0.106%	$118K	$608K	20x	as long as short
Aftermath Perps SOLUSD	+0.0088%	1h	119.23	−0.150%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.40	−0.008%	$13.6M	$56.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.39	−0.020%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.42	+0.010%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.35	−0.051%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.39	−0.018%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	−0.042%	$6.1M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.51	+0.082%	$720.8M	$410.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.43	+0.015%	$178.8M	$175.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	−0.004%	$12.4M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.42	+0.006%	$983.6M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.44	+0.020%	$830.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.39	−0.018%	$373.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.111%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.43	+0.014%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.052%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.41	−0.002%	$451.8M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.42	+0.009%	$140.0M	$202.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.41	−0.006%	$497.2M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.44	+0.023%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.128%	$27.3M	$128.5M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	119.22	−0.163%	$95.8M	$401.3M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.169%	$48.8M	$31.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.17	−0.198%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.29	−0.102%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.40	−0.010%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.42	+0.003%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.40	−0.006%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.41	−0.002%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.40	−0.010%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.38	−0.030%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.44	+0.026%	$8.3M	$417.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.42	+0.010%	—	$224.4M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.41	−0.001%	$32.7M	$96.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0071%	1h	119.43	+0.018%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.40	−0.011%	$1.1M	$547K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.45	+0.033%	$1.7M	$5.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.328%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.36	−0.044%	$52.1M	$84.1M	125x	as long as short