Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h +0.040%

Price spread now: RISEx against Binance+0.093%55s7-day average −0.005% · 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—prices read too far apart to compare

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

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.093%, 7d avg −0.005%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.098% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.109% in total (about 10.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	116.47	0.0100	pay 0.0100% / 8h	1h 47m	$967.7M	$3.91B	100x
Short	RISEx SOL/USDC	116.58	0.0451	get 0.0056% / 1h	47m 45s	$2.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.093%Rate

Funding earned: $73.64
Price spread: +0.093% → −0.005%: $9.83
Slippage, 4 orders: −$2.3
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $65.17
Costs to cover: 0.183%
Break-even: 0.8 days

Slippage from Binance: live order book, 11 min ago; RISEx: 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, 11 min ago	0.43 bp	5.4 bp −$5	5.6 bp −$56	9.8 bp −$984	17.6 bp −$8,806
Sell RISEx live order book, 1 min ago	0.04 bp	3.3 bp −$3	6.6 bp −$66	doesn't fit	doesn't fit

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
Bybit SOLUSDT	−0.0110%	8h	116.44	−0.026%	$740.7M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.68	+0.182%	$98K	$685K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.52	+0.045%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.51	+0.038%	$32.8M	$103.9M	100x	as long as short
Derive SOL-PERP	−0.0048%	1h	116.42	−0.042%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0015%	1h	116.50	+0.022%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	+0.036%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.53	+0.053%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.47	+0.002%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.54	+0.059%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0048%	1h	116.46	−0.010%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.50	+0.026%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.53	+0.050%	$8.0M	$405.0M	50x	as long as short
Bitget SOLUSDT	+0.0052%	8h	116.47	−0.004%	$480.2M	$462.4M	100x	as long as short
SoDEX SOL-USD	+0.0062%	1h	116.49	+0.017%	$6.1M	$10.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.56	+0.079%	$26.4M	$21.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.49	+0.014%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0091%	8h	116.48	+0.008%	$175.6M	$176.5M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.48	+0.005%	$13.1M	$60.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	+0.038%	$350K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.53	+0.052%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.47	0.000%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.019%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.59	+0.103%	$697.4M	$409.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.57	+0.089%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	116.47	long leg	$967.7M	$3.91B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.46	−0.009%	$370.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	+0.034%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.51	+0.037%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.069%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.49	+0.017%	$843.6M	$664.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.49	+0.017%	$362.1M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.48	+0.008%	$128.8M	$232.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.48	+0.008%	—	$373.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	+0.026%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	+0.065%	$24.8M	$112.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.66	+0.159%	$93.7M	$410.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.64	+0.146%	$47.7M	$31.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.219%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.53	+0.051%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.008%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.50	+0.025%	$233K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.50	+0.027%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.54	+0.056%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	+0.025%	$225.6M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	+0.034%	$45.3M	$105.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.45	−0.017%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	+0.075%	—	$235.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.532%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.76	+0.249%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.014%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.48	+0.008%	$52.2M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	+0.030%	$3.5M	—	200x	as long as short
RISEx SOL/USDCshort	+0.0451%	1h	116.58	+0.093%	$2.1M	$4.9M	20x
Aftermath Perps SOLUSD	+0.0496%	1h	116.68	+0.179%	$25K	$56K	20x	as long as short