Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.008%

Price spread now: SoDEX against BingX+0.005%7-day average — · 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−$20as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDC	116.12	0.0100	pay 0.0100% / 8h	19m 43s	—	$10.7M	—
Short	SoDEX SOL-USD	116.13	0.0065	get 0.0008% / 1h	19m 43s	$6.1M	$11.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$7.43
Price spread: +0.005% → 0.000%: $0.52
Slippage, 4 orders: −$2.31
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$27.22
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; SoDEX: live order book, 4 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, 9 min ago	0.34 bp	5.3 bp −$5	8.4 bp −$84	14.5 bp −$1,452	36.4 bp −$18.2K
Sell SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	5.2 bp −$52	20.3 bp −$2,033	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.17	+0.038%	$32.4M	$107.0M	100x	as long as short
Bybit SOLUSDT	−0.0103%	8h	116.17	+0.040%	$733.3M	$1.43B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.06	−0.058%	$100K	$675K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.23	+0.088%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0075%	1h	116.00	−0.108%	$1.8M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.203%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.04	−0.071%	—	$756K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.17	+0.039%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.13	+0.008%	$1.4M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.08	−0.039%	$99K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0005%	1h	116.16	+0.031%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.19	+0.060%	$479.4M	$456.3M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0030%	1h	116.18	+0.051%	$26.3M	$21.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.15	+0.022%	$7.8M	$398.9M	50x	as long as short
Aster SOLUSDT	+0.0049%	8h	116.15	+0.022%	$177.1M	$168.7M	100x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.26	+0.117%	$100K	$182K	20x	as long as short
SoDEX SOL-USDshort	+0.0065%	1h	116.13	+0.005%	$6.1M	$11.0M	20x
Orderly PERP_SOL_USDC	+0.0071%	8h	116.12	−0.002%	$1.0M	$5.9M	100x	as long as short
Lighter RH SOL	+0.0080%	1h	116.17	+0.036%	$2.2M	$16.8M	25x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.21	+0.072%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.17	+0.040%	$13.1M	$60.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.12	−0.002%	$350K	$257K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.15	+0.022%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.03	−0.081%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.25	+0.109%	$695.9M	$408.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.20	+0.068%	$15.6M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.17	+0.040%	$960.3M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.18	+0.048%	$366.0M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.01	−0.098%	$224K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.22	+0.085%	$924K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.21	+0.073%	$125.5M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.17	+0.040%	$842.7M	$668.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.19	+0.057%	$371.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.18	+0.051%	$129.2M	$236.2M	75x	as long as short
BingX SOL-USDClong	+0.0100%	8h	116.12	long leg	—	$10.7M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.15	+0.022%	$22.8M	$35.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.97	−0.129%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.98	−0.127%	$93.1M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.07	−0.047%	$47.5M	$28.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.07	−0.047%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.07	−0.047%	$1.3M	$11.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.07	−0.047%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.08	−0.039%	$284K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.10	−0.020%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.08	−0.038%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.97	−0.129%	$224.6M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.12	−0.003%	$45.1M	$104.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.15	+0.026%	$8.2M	$37.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.08	−0.036%	—	$236.1M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.17	+0.040%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.05	−0.066%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.03	−0.081%	$52.1M	$65.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.15	+0.022%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0461%	1h	116.14	+0.013%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.27	+0.129%	$2.1M	$4.8M	20x	as long as short