Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.002%

Price spread now: Binance against 01 Exchange+0.017%7-day average −0.030% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on 01 Exchange Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.017%, 7d avg −0.030%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.046% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.27	0.0064	pay 0.0008% / 1h	1m 07s	$104K	$157K	20x
Short	Binance SOLUSDT	119.29	0.0100	get 0.0100% / 8h	1h 01m	$982.5M	$3.81B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $7.56
Price spread: +0.017% → −0.030%: $4.64
Slippage, 4 orders: −$6.54
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.34
Costs to cover: 0.235%
Break-even: 17.5 days

Slippage from 01 Exchange: live order book, 18 min ago; Binance: live order book, 13 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 01 Exchange live order book, 18 min ago	0.84 bp	6.2 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.42 bp	5.4 bp −$5	6.1 bp −$61	9.7 bp −$967	16.8 bp −$8,423

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
Bluefin SOL-PERP	−0.0169%	1h	119.27	+0.003%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.24	−0.022%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.20	−0.056%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.19	−0.064%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.29	+0.016%	$115K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.26	−0.006%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	+0.024%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	+0.005%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.28	+0.008%	$6.6M	$13.6M	25x	as long as short
01 Exchange SOLUSDlong	+0.0064%	1h	119.27	long leg	$104K	$157K	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0070%	8h	119.28	+0.007%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.38	+0.091%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.23	−0.033%	$232.1M	$45.0M	75x	as long as short
Aftermath Perps SOLUSD	+0.0085%	1h	119.18	−0.072%	$24K	$47K	20x	as long as short
Gate SOL_USDT	+0.0087%	8h	119.25	−0.017%	$870.3M	$690.6M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	119.30	+0.026%	$118K	$608K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.27	+0.002%	$13.6M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.27	+0.003%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.10	−0.140%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.24	−0.025%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.26	−0.008%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.23	−0.029%	$6.1M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.34	+0.059%	$719.9M	$410.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.31	+0.033%	$178.7M	$175.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	+0.008%	$12.3M	$119.0M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	119.29	+0.017%	$982.5M	$3.81B	100x
Bybit SOLUSDT	+0.0100%	8h	119.45	+0.151%	$830.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.41	+0.117%	$372.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.008%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.28	+0.007%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.85	−0.352%	$133.1M	$7.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.41	+0.117%	$454.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.29	+0.013%	$139.8M	$202.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	+0.076%	$497.0M	$455.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	+0.101%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.17	−0.085%	$27.5M	$128.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.22	−0.044%	$95.8M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.050%	$48.8M	$31.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.17	−0.080%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	+0.008%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.025%	$368K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.26	−0.010%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	−0.021%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.28	+0.008%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.28	+0.008%	$46.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.24	−0.024%	$8.7M	$36.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.31	+0.029%	$8.3M	$416.7M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	119.34	+0.056%	$26.7M	$27.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.26	−0.006%	—	$224.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.30	+0.022%	$32.6M	$96.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0071%	1h	119.28	+0.010%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.23	−0.033%	$1.1M	$547K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.28	+0.012%	$1.7M	$5.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.210%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.36	+0.075%	$52.1M	$84.1M	125x	as long as short