Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.008%

Price spread now: BingX against Ondo Perps−0.148%46s7-day average +0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days+0.339%+$34 · spread now −0.148%, 7d avg +0.005%

Together, before fees+0.274%+ Points / potential airdropOndo Perps: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.154% cheaper against Ondo Perps than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOL-USD.P	119.38	0.0100	pay 0.0013% / 1h	19m 49s	$234K	$886K	10x
Short	BingX SOL-USDT	119.20	0.0080	get 0.0080% / 8h	1h 19m	—	$374.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Ondo Perps. 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 Ondo PerpsbpFee BingXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$4.2
Price spread: −0.148% → +0.005%: −$15.36
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.56
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BingX: live order book, 9 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	0.80 bp	5.8 bp −$6	5.8 bp −$58	7.4 bp −$739	12.8 bp −$6,405

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin SOL-PERP	−0.0424%	1h	119.17	−0.174%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.08	−0.253%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	−0.085%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.21	−0.143%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	−0.073%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.23	−0.128%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	−0.070%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.30	−0.064%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.39	+0.012%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	−0.017%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0060%	1h	119.21	−0.144%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0065%	1h	119.31	−0.056%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.18	−0.171%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.25	−0.109%	$104K	$155K	20x	as long as short
BingX SOL-USDTshort	+0.0080%	8h	119.20	−0.148%	—	$374.5M	—
HTX SOL-USDT	+0.0082%	8h	119.17	−0.175%	$232.0M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	119.19	−0.159%	$869.8M	$685.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.180%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.15	−0.195%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.16	−0.184%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.26	−0.099%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.109%	$47K	$796K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.28	−0.086%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.25	−0.109%	$718.4M	$417.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.21	−0.142%	$178.5M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	−0.056%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.21	−0.142%	$984.8M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.23	−0.123%	$825.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.20	−0.151%	$372.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	119.38	long leg	$234K	$886K	10x
Arcus SOL-USD	+0.0100%	1h	119.34	−0.033%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	−0.082%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.21	−0.142%	$456.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.22	−0.137%	$140.2M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.21	−0.141%	$495.4M	$455.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.18	−0.168%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	−0.033%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.197%	$95.7M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	−0.008%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.24	−0.117%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	−0.017%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.21	−0.142%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.21	−0.145%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.17	−0.178%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.16	−0.184%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.21	−0.142%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.18	−0.167%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.18	−0.164%	$8.1M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.29	−0.073%	—	$223.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.179%	$32.6M	$96.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.22	−0.133%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.20	−0.153%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.33	−0.039%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	0.000%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	−0.042%	$52.2M	$82.9M	125x	as long as short