Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.007%

Price spread now: Coinbase International against BingX+0.066%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.066% dearer against BingX than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDC	116.33	0.0100	pay 0.0100% / 8h	7h 53m	—	$10.7M	—
Short	Coinbase International SOL-PERP-INTX	116.41	0.0040	get 0.0005% / 1h	53m 17s	$7.8M	$396.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$12.6
Price spread: +0.066% → 0.000%: $6.62
Slippage, 4 orders: −$2.25
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.23
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Coinbase International: live order book, 6 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 BingX live order book, 15 min ago	0.43 bp	5.5 bp −$5	8.4 bp −$84	13.5 bp −$1,352	37.5 bp −$18.8K
Sell Coinbase International live order book, 6 min ago	0.04 bp	5.5 bp −$6	7.7 bp −$77	16.3 bp −$1,631	294.2 bp −$147.1K

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
Phemex SOLUSDT	−0.0196%	8h	116.39	+0.052%	$45.2M	$103.8M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.32	−0.008%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.42	+0.082%	$32.3M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0015%	1h	116.35	+0.014%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	−0.018%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.32	−0.008%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.39	+0.056%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.38	+0.044%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	+0.045%	$1.9M	$3.0M	13x	as long as short
Bybit SOLUSDT	+0.0023%	8h	116.38	+0.044%	$731.9M	$1.41B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0025%	8h	116.38	+0.042%	$480.2M	$455.0M	100x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0040%	1h	116.41	+0.066%	$7.8M	$396.2M	50x
Hibachi SOL/USDT-P	+0.0048%	1h	116.22	−0.094%	$103K	$679K	20x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.40	+0.058%	$176.9M	$169.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.39	+0.050%	$1.0M	$6.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	116.44	+0.098%	$26.2M	$21.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.38	+0.047%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.39	+0.050%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.36	+0.030%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.33	−0.001%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.32	−0.008%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.34	+0.006%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.48	+0.130%	$695.7M	$406.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.35	+0.020%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.40	+0.063%	$963.0M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.40	+0.061%	$366.5M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.223%	$219K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.35	+0.019%	$919K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.002%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.39	+0.052%	$848.5M	$605.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.38	+0.044%	$369.7M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.39	+0.048%	$129.7M	$237.2M	75x	as long as short
BingX SOL-USDClong	+0.0100%	8h	116.33	long leg	—	$10.7M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.28	−0.042%	$22.8M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	−0.063%	$24.8M	$105.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.10	−0.193%	$93.2M	$404.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.33	−0.001%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	−0.160%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.33	+0.001%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.40	+0.061%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.39	+0.057%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.37	+0.032%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.29	−0.034%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.38	+0.044%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.36	+0.026%	$225.3M	$50.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.34	+0.010%	$8.3M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.30	−0.022%	—	$231.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.35	+0.018%	$6.5M	$13.4M	25x	as long as short
01 Exchange SOLUSD	+0.0128%	1h	116.41	+0.070%	$100K	$181K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.009%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.35	+0.019%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.37	+0.035%	$52.5M	$64.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.39	+0.049%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0420%	1h	116.35	+0.015%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.41	+0.071%	$2.1M	$4.7M	20x	as long as short