Funding you earn now, next payment 22:00 UTC−0.0154%/8h= −16.8% APRpaid last 24h −0.009%
Price spread now: BingX against Kraken Futures+0.019%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)+0.331%+$33 · spread now +0.019%, 7d avg −0.026%
=The price spread pays, funding is against you. BingX is 0.045% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.026%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.092% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOLUSD | 118.94 | 0.0224 | pay 0.0028% / 1h | 36m 11s | $36.0M | $89.4M | 100x |
| Short | BingX SOL-USDC | 118.96 | 0.0070 | get 0.0070% / 8h | 2h 36m | — | $10.5M | — |
Kraken Futures PF_SOLUSD
BingX SOL-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$32.28
- Price spread: +0.019% → −0.026%
- $4.52
- Slippage, 4 orders
- −$7.67
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.43
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 7 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 Kraken Futures live order book, 3 min ago | 0.84 bp | 6.6 bp −$7 | 8.8 bp −$88 | 13.3 bp −$1,325 | 28.7 bp −$14.3K |
| Sell BingX live order book, 7 min ago | 0.38 bp | 6.2 bp −$6 | 8.5 bp −$85 | 14.2 bp −$1,417 | 31.1 bp −$15.5K |
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 | 118.89 | −0.043% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 118.86 | −0.066% | $2.0M | $3.2M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.72 | −0.183% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 118.95 | +0.005% | — | $724K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0022% | 1h | 118.90 | −0.033% | $24K | $47K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.96 | +0.015% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.02 | +0.067% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.97 | +0.023% | $180K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 118.99 | +0.043% | $26.7M | $27.6M | 50x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.00 | +0.046% | $4.9M | $26.9M | 20x | as long as short |
Injective SOL/USDC PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Aftermath Perps SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUAL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | +0.0042% | 1h | 118.74 | −0.169% | $1.5M | $6.2M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0060% | 8h | 118.96 | +0.016% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0067% | 8h | 118.89 | −0.045% | $231.6M | $43.6M | 75x | as long as short |
| BingX SOL-USDCshort | +0.0070% | 8h | 118.96 | +0.019% | — | $10.5M | — | |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.01 | +0.058% | $104K | $152K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 119.16 | +0.182% | $123K | $600K | 20x | as long as short |
| Gate SOL_USDT | +0.0083% | 8h | 118.96 | +0.016% | $862.7M | $679.4M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.95 | +0.006% | $13.5M | $53.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.93 | −0.012% | $2.0M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.95 | +0.011% | $353K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.91 | −0.030% | $1.0M | $524K | 50x | as long as short |
| KuCoin SOLUSDTM | +0.0099% | 8h | 118.98 | +0.029% | $143.2M | $196.4M | 75x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.99 | +0.041% | $45K | $780K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.98 | +0.033% | $5.5M | $40.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.05 | +0.091% | $717.6M | $413.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.00 | +0.048% | $179.2M | $174.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.00 | +0.048% | $12.4M | $114.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.95 | +0.007% | $971.6M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.97 | +0.024% | $822.4M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.93 | −0.009% | $370.3M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.14 | +0.167% | $234K | $864K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.00 | +0.050% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.94 | −0.001% | $467.9M | $1.08B | 300x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.92 | −0.017% | $496.4M | $448.5M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.14 | +0.167% | $24.4M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.76 | −0.156% | $27.4M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.71 | −0.195% | $95.3M | $397.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.74 | −0.167% | $48.6M | $33.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.11 | +0.142% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.97 | +0.024% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.96 | +0.019% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.95 | +0.007% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.97 | +0.025% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.93 | −0.009% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.98 | +0.033% | $46.4M | $99.8M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.71 | −0.195% | $133.1M | $11.8M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.91 | −0.027% | $8.6M | $37.0M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 118.98 | +0.034% | $8.1M | $414.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.98 | +0.031% | — | $216.9M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 118.79 | −0.127% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.01 | +0.057% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.97 | +0.025% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.12 | +0.150% | $51.8M | $86.8M | 125x | as long as short |
| Kraken Futures PF_SOLUSDlong | +0.0224% | 1h | 118.94 | long leg | $36.0M | $89.4M | 100x | |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0173% | 1h | 118.98 | +0.029% | $3.6M | — | 200x | as long as short |
ApeX Omni SOLUSDT
Orderly PERP_SOL_USDC
HTX SOL-USDT
01 Exchange SOLUSD
Hibachi SOL/USDT-P
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
KuCoin SOLUSDTM
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]