Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.010%

Price spread now: Polymarket Perps against BingX+0.119%51s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$220.220% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.119%, 7d avg +0.006%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.113% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 51 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	117.61	0.0080	pay 0.0080% / 8h	6h 33m	—	$369.2M	—
Short	Polymarket Perps SOL-USD	117.75	0.0100	get 0.0013% / 1h	33m 38s	$360K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.119%Rate

Funding earned: $4.2
Price spread: +0.119% → +0.006%: $11.32
Slippage, 4 orders: −$4.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$6.52
Costs to cover: 0.220%
Break-even: 17.9 days

Slippage from BingX: live order book, 11 min ago; Polymarket Perps: 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, 11 min ago	0.81 bp	5.8 bp −$6	5.8 bp −$58	7.6 bp −$762	10.2 bp −$5,082
Sell Polymarket Perps live order book, 5 min ago	0.43 bp	5.2 bp −$5	7.3 bp −$73	doesn't fit	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
ApeX Omni SOLUSDT	−0.0089%	1h	117.61	0.000%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.80	+0.162%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	117.69	+0.071%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0072%	1h	117.68	+0.064%	$92K	$695K	20x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.67	+0.051%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.77	+0.136%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.65	+0.034%	$4.5M	$24.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.78	+0.142%	$1.4M	$21.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.80	+0.161%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.80	+0.160%	$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	+0.086%	$228.8M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0015%	8h	117.58	−0.026%	$853.0M	$659.6M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.58	−0.026%	$2.0M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.76	+0.124%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.79	+0.156%	$8.0M	$410.8M	50x	as long as short
BingX SOL-USDTlong	+0.0080%	8h	117.61	long leg	—	$369.2M	—
Orderly PERP_SOL_USDC	+0.0086%	8h	117.77	+0.134%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.64	+0.024%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.62	+0.008%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.65	+0.034%	$103K	$164K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.77	+0.133%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.67	+0.055%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.60	−0.009%	$65K	$852K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.74	+0.111%	$5.7M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.76	+0.128%	$719.4M	$401.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.76	+0.128%	$176.9M	$180.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.66	+0.045%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.61	0.000%	$970.4M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.60	−0.007%	$820.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	−0.026%	$365.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	0.000%	$238K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.60	−0.007%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.048%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.60	−0.009%	$427.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.67	+0.054%	$131.5M	$210.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.57	−0.037%	$486.6M	$442.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.83	+0.187%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	+0.040%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	+0.012%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.52	−0.076%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.66	+0.043%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USDshort	+0.0100%	1h	117.75	+0.119%	$360K	$2.4M	20x
Bullet SOL-USD	+0.0100%	1h	117.77	+0.135%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	+0.105%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.75	+0.117%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	+0.136%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.76	+0.128%	$45.8M	$101.8M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.33	−0.238%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.55	−0.052%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.77	+0.137%	—	$228.0M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.75	+0.118%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.502%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.76	+0.124%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0321%	1h	117.70	+0.080%	$25K	$51K	20x	as long as short