Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Bulk+0.582%7-day average −0.002% · 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+$32as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.575%−$57 · spread now +0.582%, 7d avg −0.002%

Together, before fees−0.574%−$57 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: Binance is 0.584% dearer against Bulk than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	115.85	0.0100	pay 0.0013% / 1h	17m 24s	$123.9M	$22.0M	20x
Short	Binance SOLUSDT	116.53	0.0100	get 0.0100% / 8h	2h 17m	$972.1M	$3.89B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now +0.582%Rate

Funding earned: $0
Price spread: +0.582% → −0.002%: $58.4
Slippage, 4 orders: −$9.46
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $31.94
Costs to cover: 0.265%
Break-even: from the start

Slippage from Bulk: live order book, 2 min ago; Binance: live order book, 12 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 Bulk live order book, 2 min ago	4.30 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$780	11.4 bp −$5,676
Sell Binance live order book, 12 min ago	0.43 bp	5.4 bp −$5	6.6 bp −$66	10.0 bp −$1,004	17.4 bp −$8,720

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	−0.0240%	1h	116.49	+0.549%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0128%	1h	116.50	+0.556%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0108%	8h	116.51	+0.568%	—	$369.3M	—	as long as short
Bybit SOLUSDT	−0.0107%	8h	116.49	+0.554%	$740.6M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.57	+0.617%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0052%	1h	116.51	+0.566%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.45	+0.518%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	+0.579%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.50	+0.561%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.54	+0.596%	$113K	$3.7M	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	+0.0009%	1h	116.49	+0.548%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.55	+0.603%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.49	+0.554%	$7.7M	$405.4M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.50	+0.563%	$479.9M	$460.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.53	+0.589%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.48	+0.542%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.50	+0.558%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	+0.575%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	+0.577%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	+0.639%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	+0.568%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.63	+0.672%	$696.9M	$406.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	+0.584%	$175.7M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.596%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	116.53	+0.582%	$972.1M	$3.89B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	+0.568%	$364.2M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	+0.473%	$216K	$878K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.60	+0.642%	$913K	$8.8M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	115.85	long leg	$123.9M	$22.0M	20x
Gate SOL_USDT	+0.0100%	8h	116.54	+0.594%	$843.0M	$672.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.52	+0.577%	$354.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	+0.586%	$126.6M	$230.4M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	+0.560%	$23.0M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	+0.123%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	+0.185%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	+0.475%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	+0.511%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.45	+0.516%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	+0.577%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.574%	$169K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.54	+0.591%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	+0.548%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.48	+0.542%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.34	+0.422%	$225.3M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.46	+0.525%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	+0.572%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.58	+0.628%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	+0.581%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.165%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	+0.447%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.50	+0.556%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.508%	$51.7M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	+0.570%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.63	+0.676%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0559%	1h	116.18	+0.286%	$25K	$55K	20x	as long as short