Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.039%

Price spread now: Binance against dYdX+0.034%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

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

costs, in and out, $10k−$310.305% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.034%, 7d avg +0.013%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.020% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	118.58	−0.0021	get 0.0003% / 1h	10m 04s	$4.8M	$28.0M	20x
Short	Binance SOLUSDT	118.62	0.0100	get 0.0100% / 8h	10m 04s	$978.1M	$3.83B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.034%Rate

Funding earned: $25.46
Price spread: +0.034% → +0.013%: $2.04
Slippage, 4 orders: −$10.54
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.04
Costs to cover: 0.305%
Break-even: 7.8 days

Slippage from dYdX: live order book, 4 min ago; Binance: 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 dYdX live order book, 4 min ago	3.79 bp	8.8 bp −$9	10.2 bp −$102	31.6 bp −$3,161	103.3 bp −$51.7K
Sell Binance live order book, 4 min ago	0.42 bp	5.4 bp −$5	5.9 bp −$59	9.0 bp −$901	18.2 bp −$9,105

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
Derive SOL-PERP	−0.0100%	1h	118.54	−0.038%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.073%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.55	−0.023%	—	$723K	20x	as long as short
dYdX SOL-USDlong	−0.0021%	1h	118.58	long leg	$4.8M	$28.0M	20x
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	−0.043%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.61	+0.024%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.59	+0.010%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.62	+0.033%	$174K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.68	+0.082%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0071%	8h	118.58	0.000%	$865.2M	$687.0M	100x	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	+0.0076%	8h	118.63	+0.046%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.55	−0.026%	$230.8M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.093%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.61	+0.026%	—	$373.4M	—	as long as short
Lighter SOL	+0.0096%	1h	118.60	+0.019%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.59	+0.009%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.54	−0.035%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.61	+0.025%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.61	+0.021%	$8.1M	$416.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.64	+0.049%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	+0.034%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.030%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.73	+0.126%	$717.9M	$411.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.60	+0.019%	$178.3M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.65	+0.059%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	118.62	+0.034%	$978.1M	$3.83B	100x
Bybit SOLUSDT	+0.0100%	8h	118.63	+0.042%	$822.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.62	+0.034%	$370.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	0.000%	$229K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.68	+0.082%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.124%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.62	+0.034%	$425.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.62	+0.031%	$137.7M	$206.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.61	+0.026%	$492.0M	$459.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	+0.059%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.086%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	−0.032%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.53	−0.045%	$48.6M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.52	−0.051%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.62	+0.034%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.58	+0.002%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.62	+0.032%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	+0.047%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.61	+0.025%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.60	+0.017%	$46.4M	$102.6M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.093%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.60	+0.014%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.63	+0.039%	$32.5M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0112%	1h	118.62	+0.035%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.004%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0070%	1h	118.59	+0.010%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.278%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.57	−0.005%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.084%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.067%	$1.8M	$4.9M	20x	as long as short