Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:07 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: BingX against Perpl−0.016%7-day average — · you buy dearer than you sell

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

Long on Perpl Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

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

Together, before fees—+ Points / potential airdropPerpl: Active · farm boardneeds 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	116.38	0	get 0.0000% / 43m	0m 00s	$99K	$3.4M	8.3x
Short	BingX SOL-USDC	116.36	0.0100	get 0.0100% / 8h	7h 53m	—	$10.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Perpl. 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 PerplbpFee BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $21
Price spread: −0.016% → 0.000%: −$1.63
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$4.43
Costs to cover: 0.238%
Break-even: 8.5 days

Slippage unknown: Perpl: no order-book sample; BingX: live order book, 15 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 Perpl no order-book sample	—	—	—	—	—
Sell BingX live order book, 15 min ago	0.43 bp	6.2 bp −$6	8.7 bp −$87	14.5 bp −$1,445	43.1 bp −$21.5K

Perpl: 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
Phemex SOLUSDT	−0.0196%	8h	116.39	+0.009%	$45.2M	$103.8M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.32	−0.052%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.42	+0.038%	$32.3M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0015%	1h	116.35	−0.030%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	−0.062%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.32	−0.051%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.39	+0.012%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	116.38	long leg	$99K	$3.4M	8.3x
Derive SOL-PERP	+0.0007%	1h	116.38	+0.001%	$1.9M	$3.0M	13x	as long as short
Bybit SOLUSDT	+0.0023%	8h	116.35	−0.026%	$731.7M	$1.41B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0025%	8h	116.39	+0.012%	$480.2M	$455.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.41	+0.022%	$7.8M	$396.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	116.22	−0.137%	$103K	$679K	20x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.38	0.000%	$176.8M	$169.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.39	+0.006%	$1.0M	$6.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	116.44	+0.054%	$26.2M	$21.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.38	+0.003%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.39	+0.006%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.36	−0.014%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.33	−0.045%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.32	−0.052%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.34	−0.038%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.49	+0.095%	$695.8M	$406.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.35	−0.024%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.37	−0.005%	$962.8M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.36	−0.017%	$366.5M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.266%	$219K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.35	−0.025%	$919K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.046%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.38	0.000%	$848.5M	$606.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.39	+0.009%	$369.8M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.39	+0.010%	$129.7M	$237.2M	75x	as long as short
BingX SOL-USDCshort	+0.0100%	8h	116.36	−0.016%	—	$10.7M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.40	+0.017%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	−0.107%	$24.8M	$105.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.10	−0.236%	$93.2M	$404.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.33	−0.045%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	−0.204%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.33	−0.043%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.40	+0.017%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.39	+0.013%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.37	−0.012%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.29	−0.078%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.38	0.000%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.36	−0.018%	$225.3M	$50.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.32	−0.051%	$8.3M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.30	−0.066%	—	$231.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.35	−0.026%	$6.5M	$13.4M	25x	as long as short
01 Exchange SOLUSD	+0.0128%	1h	116.41	+0.026%	$100K	$181K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.034%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.35	−0.025%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.37	−0.009%	$52.5M	$64.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.39	+0.005%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0420%	1h	116.35	−0.029%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.41	+0.027%	$2.1M	$4.7M	20x	as long as short