Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.002%

Price spread now: Binance against Coinbase International−0.084%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.084%, 7d avg −0.013%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	119.63	0.0112	pay 0.0014% / 1h	17m 06s	$8.2M	$417.7M	50x
Short	Binance SOLUSDT	119.53	0.0100	get 0.0100% / 8h	2h 17m	$979.9M	$3.78B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.084%Rate

Funding earned: −$2.52
Price spread: −0.084% → −0.013%: −$7.16
Slippage, 4 orders: −$1.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 12 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 Coinbase International live order book, 2 min ago	0.04 bp	5.6 bp −$6	8.6 bp −$86	17.6 bp −$1,761	doesn't fit
Sell Binance live order book, 12 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	8.0 bp −$799	17.8 bp −$8,921

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.402%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.70	+0.056%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	119.60	−0.027%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.53	−0.086%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.70	+0.061%	$5.0M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.63	−0.001%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	+0.076%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.66	+0.025%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.65	+0.015%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0025%	1h	119.65	+0.015%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.57	−0.052%	$232.9M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.63	−0.005%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.79	+0.132%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.67	+0.033%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.56	−0.056%	—	$373.7M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.55	−0.068%	$872.9M	$687.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.57	−0.048%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.55	−0.064%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.60	−0.026%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.70	+0.057%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.72	+0.074%	$49K	$788K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.68	+0.043%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.66	+0.024%	$722.7M	$413.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.56	−0.059%	$180.0M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.75	+0.102%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	119.53	−0.084%	$979.9M	$3.78B	100x
Bybit SOLUSDT	+0.0100%	8h	119.54	−0.075%	$826.6M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.51	−0.101%	$372.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.72	+0.074%	$235K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.76	+0.108%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.022%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.58	−0.043%	$437.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.58	−0.038%	$141.2M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.54	−0.079%	$499.6M	$452.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.56	−0.059%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.157%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.86	+0.191%	$96.3M	$401.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.72	+0.076%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.095%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.80	+0.141%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.62	−0.009%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.62	−0.013%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.61	−0.016%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.58	−0.046%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.57	−0.051%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.58	−0.043%	$46.7M	$101.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.56	−0.056%	$8.8M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	119.63	long leg	$8.2M	$417.7M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.62	−0.009%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.099%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0092%	1h	119.63	+0.001%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.70	+0.060%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.58	−0.042%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	−0.051%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.58	−0.044%	$35.6M	$91.2M	100x	as long as short