Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.002%

Price spread now: Binance against Coinbase International−0.035%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.035%, 7d avg −0.013%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	119.85	0.0112	pay 0.0014% / 1h	20m 50s	$8.2M	$418.2M	50x
Short	Binance SOLUSDT	119.81	0.0100	get 0.0100% / 8h	2h 20m	$978.8M	$3.77B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$2.52
Price spread: −0.035% → −0.013%: −$2.19
Slippage, 4 orders: −$1.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.97
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 8 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 Coinbase International live order book, 3 min ago	0.04 bp	5.2 bp −$5	8.7 bp −$87	17.1 bp −$1,712	doesn't fit
Sell Binance live order book, 8 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	8.0 bp −$799	17.8 bp −$8,921

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	119.15	−0.587%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.222%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.70	−0.125%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.136%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	−0.028%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.77	−0.073%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	−0.114%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.77	−0.072%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0017%	1h	119.49	−0.304%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	119.85	−0.002%	$26.9M	$27.7M	50x	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	119.71	−0.118%	$233.0M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.218%	$120K	$605K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0061%	8h	119.78	−0.064%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.80	−0.044%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.82	−0.028%	—	$372.1M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.80	−0.044%	$875.3M	$686.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.77	−0.066%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.77	−0.068%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.78	−0.064%	$356K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	−0.096%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	−0.086%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.78	−0.065%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.92	+0.056%	$724.2M	$411.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.82	−0.025%	$180.5M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	−0.045%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	119.81	−0.035%	$978.8M	$3.77B	100x
Bybit SOLUSDT	+0.0100%	8h	119.86	+0.006%	$832.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.81	−0.036%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.144%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	−0.035%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.163%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.80	−0.044%	$436.3M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.83	−0.023%	$141.7M	$197.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.86	+0.004%	$501.0M	$452.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.84	−0.011%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.294%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	−0.211%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.228%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	−0.219%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	−0.169%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.80	−0.044%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.73	−0.099%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.77	−0.069%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.74	−0.098%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.80	−0.044%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.78	−0.061%	$46.8M	$101.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.78	−0.059%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	119.85	long leg	$8.2M	$418.2M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	−0.078%	—	$219.6M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	−0.086%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	−0.045%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.71	−0.118%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.77	−0.069%	$51.6M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.84	−0.013%	$35.9M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.77	−0.073%	$3.6M	—	200x	as long as short