Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.052%

Price spread now: BingX against RISEx−0.021%7-day average — · 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−$22as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.021% cheaper against RISEx than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 28 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	117.58	0.0018	pay 0.0002% / 1h	41m 39s	$2.0M	$4.7M	20x
Short	BingX SOL-USDC	117.55	0.0080	get 0.0080% / 8h	6h 41m	—	$10.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against RISEx. 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 RISExbpFee BingXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $12.96
Price spread: −0.021% → 0.000%: −$2.13
Slippage, 4 orders: −$3.67
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.84
Costs to cover: 0.197%
Break-even: 11.8 days

Slippage from RISEx: live order book, 2 min ago; BingX: live order book, 1 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 RISEx live order book, 2 min ago	0.76 bp	3.8 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	0.47 bp	5.8 bp −$6	9.6 bp −$96	14.4 bp −$1,440	31.4 bp −$15.7K

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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.436%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.65	+0.061%	$920	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.98	+0.346%	$92K	$707K	20x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.64	+0.053%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0038%	8h	117.51	−0.056%	$228.5M	$45.1M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.53	−0.043%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0011%	8h	117.55	−0.023%	$849.5M	$654.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.63	+0.045%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.54	−0.031%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.67	+0.080%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.65	+0.059%	$128K	$4.0M	8.3x	as long as short
RISEx SOL/USDClong	+0.0018%	1h	117.58	long leg	$2.0M	$4.7M	20x
Deribit SOL_USDC-PERPETUAL	+0.0035%	1h	117.65	+0.060%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.61	+0.024%	$31.5M	$98.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.62	+0.033%	$7.9M	$411.2M	50x	as long as short
BingX SOL-USDCshort	+0.0080%	8h	117.55	−0.021%	—	$10.6M	—
Orderly PERP_SOL_USDC	+0.0084%	8h	117.61	+0.025%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	117.61	+0.028%	$102K	$163K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.53	−0.043%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.52	−0.049%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.60	+0.020%	$345K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.59	+0.009%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.53	−0.040%	$54K	$842K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.63	+0.041%	$5.7M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.72	+0.122%	$717.2M	$403.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.58	+0.006%	$176.6M	$180.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.014%	$14.0M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.53	−0.040%	$975.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.59	+0.015%	$820.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.59	+0.011%	$368.4M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.54	−0.032%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.62	+0.038%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.53	−0.040%	$421.2M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	+0.005%	$133.3M	$208.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.55	−0.021%	$488.0M	$444.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.64	+0.054%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	+0.365%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.413%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.90	+0.273%	$48.3M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.97	+0.334%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.63	+0.045%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.61	+0.028%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.58	+0.002%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.60	+0.018%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.60	+0.020%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.62	+0.037%	$45.8M	$101.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.419%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.96	+0.326%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.009%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.66	+0.067%	—	$228.4M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.63	+0.044%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.394%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.530%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0168%	1h	117.62	+0.033%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0309%	1h	117.95	+0.320%	$25K	$51K	20x	as long as short