Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.035%

Price spread now: dYdX against Binance+0.015%49s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.279% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 7 days+0.157%+$16 · spread now +0.015%, 7d avg −0.011%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.026% dearer against Binance than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.099% in total) that is about 44 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	119.27	0.0100	pay 0.0100% / 8h	2h 07m	$977.5M	$3.78B	100x
Short	dYdX SOL-USD	119.29	−0.0007	pay 0.0001% / 1h	7m 47s	$4.9M	$27.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$22.47
Price spread: +0.015% → −0.011%: $2.58
Slippage, 4 orders: −$7.88
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$47.76
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; dYdX: live order book, 1 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 Binance live order book, 6 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	9.7 bp −$968	20.3 bp −$10.1K
Sell dYdX live order book, 1 min ago	0.84 bp	9.2 bp −$9	31.8 bp −$318	54.3 bp −$5,433	106.1 bp −$53.0K

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	119.41	+0.117%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.003%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.23	−0.033%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.20	−0.063%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USDshort	−0.0007%	1h	119.29	+0.015%	$4.9M	$27.1M	20x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.30	+0.022%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.32	+0.046%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.32	+0.041%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0004%	1h	119.34	+0.061%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0041%	1h	119.42	+0.128%	$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	+0.0055%	8h	119.26	−0.012%	$232.3M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.29	+0.016%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.46	+0.158%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.31	+0.034%	$104K	$153K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.28	+0.006%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.26	−0.008%	$871.5M	$689.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.27	0.000%	$13.7M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.26	−0.010%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.26	−0.005%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.25	−0.016%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.29	+0.017%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.26	−0.004%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.38	+0.092%	$720.3M	$413.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	0.000%	$179.0M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	+0.034%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	119.27	long leg	$977.5M	$3.78B	100x
Bybit SOLUSDT	+0.0100%	8h	119.30	+0.025%	$824.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.28	+0.008%	$371.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.22	−0.042%	$234K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.33	+0.051%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	−0.017%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.27	0.000%	$450.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.28	+0.008%	$140.4M	$198.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.29	+0.020%	$497.6M	$453.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.29	+0.017%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.119%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.34	+0.059%	$95.9M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.38	+0.096%	$48.9M	$33.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.37	+0.086%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.34	+0.059%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.27	0.000%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.26	−0.005%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.29	+0.018%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	−0.013%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.27	0.000%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.28	+0.008%	$46.6M	$101.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.25	−0.015%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.33	+0.049%	$8.2M	$416.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.34	+0.056%	—	$221.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.34	+0.059%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.29	+0.017%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.32	+0.038%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.26	−0.006%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.30	+0.025%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.30	+0.026%	$35.5M	$91.3M	100x	as long as short