Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Phemex against BingX+0.058%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.058% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDC	116.65	0.0100	pay 0.0100% / 8h	4h 54m	—	$10.6M	—
Short	Phemex SOLUSDT	116.72	0.0100	get 0.0100% / 8h	4h 54m	$45.6M	$101.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → 0.000%: $5.83
Slippage, 4 orders: −$8.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.82
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Phemex: 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, 14 min ago	0.30 bp	6.0 bp −$6	8.0 bp −$80	13.7 bp −$1,373	27.4 bp −$13.7K
Sell Phemex live order book, 5 min ago	0.43 bp	8.4 bp −$8	10.6 bp −$106	19.0 bp −$1,904	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	−0.0435%	1h	116.33	−0.276%	$1.7M	$6.0M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	+0.013%	$912	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	116.63	−0.015%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0008%	1h	116.68	+0.026%	$103K	$700K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.017%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.69	+0.033%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.68	+0.023%	$1.4M	$18.7M	3.1x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.59	−0.054%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.68	+0.024%	$99K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.70	+0.040%	$7.6M	$404.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.69	+0.037%	$30.8M	$100.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0080%	1h	116.73	+0.065%	$26.3M	$25.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.65	0.000%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.68	+0.026%	$13.0M	$59.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.67	+0.019%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	−0.027%	$342K	$229K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.70	+0.044%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.64	−0.010%	$50K	$845K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.66	+0.008%	$5.5M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	+0.093%	$707.5M	$394.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.67	+0.018%	$175.3M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	+0.044%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.68	+0.024%	$962.0M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.63	−0.019%	$795.0M	$1.32B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.67	+0.015%	$365.0M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	+0.007%	$232K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.69	+0.031%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	+0.005%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.66	+0.007%	$848.6M	$651.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.69	+0.033%	$416.0M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.63	−0.017%	$126.4M	$216.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.64	−0.008%	$481.7M	$439.0M	100x	as long as short
BingX SOL-USDClong	+0.0100%	8h	116.65	long leg	—	$10.6M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	+0.007%	$23.3M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.68	+0.020%	$24.4M	$115.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.36	−0.248%	$93.5M	$396.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.56	−0.077%	$47.6M	$29.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.62	−0.027%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.67	+0.015%	$332K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.65	−0.001%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.62	−0.026%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.65	+0.001%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.67	+0.015%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.65	−0.004%	$226.4M	$46.3M	75x	as long as short
Phemex SOLUSDTshort	+0.0100%	8h	116.72	+0.058%	$45.6M	$101.1M	50x
Extended SOL-USD	+0.0104%	1h	116.62	−0.028%	$8.0M	$36.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	+0.049%	—	$221.3M	500x	as long as short
Phoenix SOL	+0.0129%	1h	116.77	+0.101%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.778%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.65	+0.002%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.62	−0.027%	$51.8M	$71.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.67	+0.019%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.73	+0.067%	$128K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0457%	1h	116.79	+0.119%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.74	+0.078%	$1.9M	$4.9M	20x	as long as short