Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: BingX against Arcus−0.058%7-day average −0.029% · 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−$21as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.058%, 7d avg −0.029%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.029% cheaper against Arcus than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	116.36	0.0100	pay 0.0013% / 1h	1m 21s	$917K	$8.8M	20x
Short	BingX SOL-USDT	116.30	0.0100	get 0.0100% / 8h	3h 01m	—	$365.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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 ArcusbpFee BingXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.029%: −$2.87
Slippage, 4 orders: −$3.79
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.17
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; BingX: live order book, 8 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 Arcus live order book, 3 min ago	0.13 bp	3.9 bp −$4	4.5 bp −$45	9.3 bp −$929	doesn't fit
Sell BingX live order book, 8 min ago	0.82 bp	5.8 bp −$6	5.8 bp −$58	7.2 bp −$716	11.1 bp −$5,572

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
Hibachi SOL/USDT-P	−0.0232%	1h	116.30	−0.054%	$105K	$705K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.30	−0.054%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0113%	1h	116.28	−0.072%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0094%	8h	116.24	−0.106%	$746.4M	$1.40B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.32	−0.038%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.25	−0.095%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.32	−0.037%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.35	−0.009%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.31	−0.046%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.29	−0.062%	$7.6M	$404.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.35	−0.011%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0069%	1h	116.30	−0.052%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0085%	8h	116.31	−0.048%	$480.7M	$448.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.33	−0.031%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.31	−0.041%	$13.1M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.31	−0.048%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.34	−0.020%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.28	−0.071%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.33	−0.028%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.32	−0.036%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.42	+0.049%	$700.6M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.30	−0.057%	$174.2M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.35	−0.013%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.31	−0.048%	$969.9M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.31	−0.046%	$366.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.34	−0.020%	$214K	$862K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	116.36	long leg	$917K	$8.8M	20x
Bulk SOL-USD	+0.0100%	1h	116.27	−0.084%	$131.6M	$15.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.33	−0.028%	$858.1M	$672.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.36	−0.003%	$375.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.32	−0.040%	$123.2M	$227.0M	75x	as long as short
BingX SOL-USDTshort	+0.0100%	8h	116.30	−0.058%	—	$365.1M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.27	−0.080%	$23.0M	$39.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	−0.007%	$25.1M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.34	−0.015%	$93.4M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.43	+0.058%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.29	−0.063%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.33	−0.028%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.32	−0.037%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.30	−0.053%	$25K	$32K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.29	−0.067%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.28	−0.071%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.30	−0.055%	$225.4M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.30	−0.054%	$45.3M	$103.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.28	−0.072%	$8.3M	$37.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.50	+0.118%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.33	−0.031%	—	$236.0M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.36	−0.003%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0152%	1h	116.35	−0.014%	$26.2M	$23.1M	50x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.30	−0.051%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	−0.106%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.32	−0.040%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.33	−0.028%	$115K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.41	+0.037%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0567%	1h	116.40	+0.036%	$25K	$52K	20x	as long as short