Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.008%

Price spread now: BingX against edgeX+0.018%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.018%, 7d avg −0.028%

Together, before fees−0.069%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.047% dearer against edgeX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.028%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	119.43	0.0100	pay 0.0050% / 4h	2h 13m	$95.9M	$402.8M	75x
Short	BingX SOL-USDC	119.45	0.0080	get 0.0080% / 8h	2h 13m	—	$10.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$4.2
Price spread: +0.018% → −0.028%: $4.65
Slippage, 4 orders: −$6.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.61
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; BingX: live order book, 9 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 edgeX live order book, 1 min ago	2.09 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$668	10.4 bp −$5,217
Sell BingX live order book, 9 min ago	0.46 bp	5.7 bp −$6	8.5 bp −$85	14.3 bp −$1,432	34.3 bp −$17.1K

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	−0.236%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	+0.048%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.33	−0.086%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.48	+0.041%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.50	+0.058%	$5.0M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.58	+0.120%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.54	+0.094%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.31	−0.100%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.62	+0.160%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0033%	1h	119.58	+0.124%	$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	+0.0051%	8h	119.52	+0.075%	$232.8M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.58	+0.126%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.57	+0.119%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.40	−0.027%	$105K	$151K	20x	as long as short
BingX SOL-USDCshort	+0.0080%	8h	119.45	+0.018%	—	$10.5M	—
Gate SOL_USDT	+0.0089%	8h	119.42	−0.010%	$871.7M	$688.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.43	−0.002%	$13.6M	$55.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.42	−0.006%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.55	+0.102%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.41	−0.021%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.40	−0.027%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.38	−0.044%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.42	−0.007%	$721.2M	$414.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.42	−0.011%	$179.7M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.47	+0.030%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	−0.054%	$977.2M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.33	−0.083%	$825.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.30	−0.111%	$371.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.39	−0.035%	$235K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.49	+0.051%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.189%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.42	−0.010%	$428.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.44	+0.007%	$140.9M	$197.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.30	−0.109%	$497.9M	$452.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.57	+0.115%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.47	+0.031%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	119.43	long leg	$95.9M	$402.8M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.56	+0.105%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	−0.040%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.51	+0.065%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.32	−0.094%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.30	−0.109%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.54	+0.092%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.46	+0.020%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.56	+0.107%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.57	+0.115%	$46.7M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.41	−0.018%	$8.7M	$36.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.61	+0.149%	$8.2M	$417.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.46	+0.022%	—	$221.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.58	+0.124%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.57	+0.115%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.41	−0.014%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.31	−0.103%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.41	−0.018%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.59	+0.133%	$35.6M	$91.2M	100x	as long as short