Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.046%

Price spread now: BingX against RISEx−0.009%7-day average +0.002% · you buy dearer than you sell

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

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

costs, in and out, $10k−$190.190% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.009%, 7d avg +0.002%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	119.53	0.0226	pay 0.0028% / 1h	57m 23s	$1.7M	$5.3M	20x
Short	BingX SOL-USDT	119.52	0.0080	get 0.0080% / 8h	57m 23s	—	$371.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against RISEx. 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 RISExbpFee BingXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$30.66
Price spread: −0.009% → +0.002%: −$1.12
Slippage, 4 orders: −$3.01
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$50.79
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 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 RISEx live order book, 2 min ago	0.04 bp	3.5 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.80 bp	5.8 bp −$6	5.8 bp −$58	7.1 bp −$714	11.1 bp −$5,533

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
Hotstuff SOL-PERP	−0.0080%	1h	119.45	−0.071%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.46	−0.058%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.36	−0.144%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.52	−0.012%	$115K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.48	−0.042%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.53	−0.004%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.50	−0.031%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	+0.038%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.53	−0.004%	$104K	$157K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	119.48	−0.047%	$26.7M	$26.1M	50x	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	+0.0071%	8h	119.45	−0.068%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDTshort	+0.0080%	8h	119.52	−0.009%	—	$371.4M	—
HTX SOL-USDT	+0.0082%	8h	119.46	−0.061%	$232.5M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.43	−0.087%	$869.7M	$671.8M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	119.49	−0.040%	$118K	$608K	20x	as long as short
Aftermath Perps SOLUSD	+0.0090%	1h	119.35	−0.155%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.46	−0.062%	$13.6M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.43	−0.086%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.42	−0.097%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.45	−0.072%	$8.3M	$417.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.45	−0.072%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.47	−0.054%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.46	−0.062%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.62	+0.072%	$722.1M	$411.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.54	+0.004%	$179.0M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.49	−0.041%	$12.3M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.51	−0.020%	$984.4M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.54	+0.005%	$831.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.52	−0.012%	$372.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	−0.045%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.53	−0.006%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.154%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.54	+0.005%	$451.6M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.53	−0.008%	$140.1M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.53	−0.006%	$497.7M	$455.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.46	−0.062%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.230%	$27.3M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	−0.135%	$95.9M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	−0.134%	$48.8M	$31.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	−0.148%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.53	−0.004%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.54	+0.005%	$371K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.50	−0.024%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.45	−0.068%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.48	−0.042%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.42	−0.096%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.48	−0.045%	$46.7M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.46	−0.060%	$8.7M	$36.2M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.42	−0.095%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.55	+0.012%	—	$224.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0072%	1h	119.45	−0.069%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.430%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.51	−0.016%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.43	−0.087%	$52.1M	$84.2M	125x	as long as short
RISEx SOL/USDClong	+0.0226%	1h	119.53	long leg	$1.7M	$5.3M	20x