Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.007%

Price spread now: 01 Exchange against BingX+0.049%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.049%, 7d avg +0.031%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDT	116.56	0.0100	pay 0.0100% / 8h	1h 04m	—	$373.3M	—
Short	01 Exchange SOLUSD	116.62	0.0048	get 0.0006% / 1h	4m 09s	$99K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.049%Rate

Funding earned: −$10.92
Price spread: +0.049% → +0.031%: $1.81
Slippage, 4 orders: −$8.39
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$34.5
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; 01 Exchange: live order book, 40 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, 5 min ago	0.81 bp	5.8 bp −$6	5.9 bp −$59	8.2 bp −$818	12.9 bp −$6,462
Sell 01 Exchange live order book, 40 min ago	0.43 bp	7.6 bp −$8	11.9 bp −$119	doesn't fit	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
Hibachi SOL/USDT-P	−0.0208%	1h	116.77	+0.177%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.55	−0.011%	$738.3M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	+0.164%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.60	+0.031%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.047%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.58	+0.013%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.61	+0.037%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.65	+0.073%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.64	+0.066%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.64	+0.063%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0037%	8h	116.56	−0.005%	$480.6M	$459.2M	100x	as long as short
01 Exchange SOLUSDshort	+0.0048%	1h	116.62	+0.049%	$99K	$177K	20x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.60	+0.028%	$8.0M	$402.4M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.55	−0.009%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USD	+0.0071%	1h	116.57	+0.006%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0074%	8h	116.61	+0.040%	$176.6M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	116.57	+0.003%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.62	+0.048%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.58	+0.011%	$13.2M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.56	−0.003%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.57	+0.006%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.56	−0.003%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.69	+0.109%	$701.4M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.67	+0.090%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.57	+0.006%	$966.1M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	+0.015%	$367.4M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	+0.066%	$217K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.61	+0.036%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.011%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.58	+0.015%	$849.5M	$676.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.57	+0.006%	$369.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	+0.021%	$133.0M	$233.1M	75x	as long as short
BingX SOL-USDTlong	+0.0100%	8h	116.56	long leg	—	$373.3M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.59	+0.023%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	+0.113%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	+0.003%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.63	+0.057%	$47.7M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.65	+0.075%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.64	+0.066%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.57	+0.006%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.58	+0.013%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	+0.035%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.58	+0.015%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	+0.047%	$225.8M	$50.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.62	+0.049%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.53	−0.032%	$8.0M	$38.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0104%	1h	116.65	+0.073%	$26.4M	$21.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.64	+0.067%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.049%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.73	+0.143%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.54	−0.018%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.63	+0.057%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.60	+0.029%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.65	+0.078%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.66	+0.087%	$25K	$57K	20x	as long as short