Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.022%

Price spread now: BingX against gTrade (Gains Network)−0.007%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2832.826% of the position

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.007%, 7d avg −0.030%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.023% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	118.58	L −0.0006% / S +0.0004%	get 0.0001% / 1h	21m 09s	$112K	—	150x
Short	BingX SOL-USDC	118.57	0.0080	get 0.0080% / 8h	21m 09s	—	$10.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $18.04
Price spread: −0.007% → −0.030%: $2.34
Slippage, 4 orders: −$262.55
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$262.17
Costs to cover: 2.826%
Break-even: 108.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; BingX: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.06 bp	135.1 bp −$135	135.1 bp −$1,351	515.4 bp −$51.5K	2868.9 bp −$1.43M
Sell BingX live order book, 2 min ago	0.51 bp	6.0 bp −$6	8.2 bp −$82	14.1 bp −$1,413	27.3 bp −$13.6K

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
Derive SOL-PERP	−0.0088%	1h	118.47	−0.096%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	−0.054%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.57	−0.010%	—	$723K	20x	as long as short
ApeX Omni SOLUSDT	−0.0032%	1h	118.43	−0.126%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.68	+0.088%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0006% / S +0.0004%	1h	118.58	long leg	$112K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	118.65	+0.062%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.67	+0.075%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	118.59	+0.012%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.56	−0.013%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0076%	8h	118.52	−0.051%	$863.6M	$683.4M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.093%	$103K	$157K	20x	as long as short
BingX SOL-USDCshort	+0.0080%	8h	118.57	−0.007%	—	$10.5M	—
HTX SOL-USDT	+0.0081%	8h	118.54	−0.037%	$230.7M	$45.2M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.58	+0.003%	$13.4M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.56	−0.017%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.72	+0.119%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.54	−0.031%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.62	+0.033%	$8.1M	$415.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.62	+0.030%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.64	+0.051%	$45K	$806K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.64	+0.048%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.71	+0.110%	$717.9M	$410.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.57	−0.008%	$177.5M	$178.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.66	+0.065%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.59	+0.008%	$976.9M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.63	+0.042%	$822.8M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.60	+0.017%	$369.5M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.093%	$228K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.66	+0.067%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.296%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.60	+0.017%	$425.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.60	+0.019%	$137.4M	$205.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.61	+0.022%	$492.0M	$461.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.63	+0.042%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.63	+0.041%	$27.1M	$129.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.40	−0.150%	$95.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.034%	$48.6M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.49	−0.076%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.61	+0.025%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.61	+0.024%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.55	−0.028%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.59	+0.013%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.54	−0.034%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.59	+0.008%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.101%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.51	−0.057%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.55	−0.026%	$32.4M	$97.5M	100x	as long as short
Aftermath Perps SOLUSD	+0.0114%	1h	118.71	+0.107%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.72	+0.120%	—	$226.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.60	+0.013%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.278%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.60	+0.014%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.60	+0.017%	$52.1M	$80.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.071%	$1.8M	$5.3M	20x	as long as short