Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.002%

Price spread now: Binance against 01 Exchange−0.025%7-day average −0.029% · 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−$28as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on 01 Exchange Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.025%, 7d avg −0.029%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.80	0.0072	pay 0.0009% / 1h	21m 35s	$105K	$152K	20x
Short	Binance SOLUSDT	119.77	0.0100	get 0.0100% / 8h	2h 21m	$978.4M	$3.77B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $5.88
Price spread: −0.025% → −0.029%: $0.33
Slippage, 4 orders: −$11.04
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.83
Costs to cover: 0.280%
Break-even: 33.0 days

Slippage from 01 Exchange: 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 01 Exchange live order book, 3 min ago	0.83 bp	8.4 bp −$8	15.0 bp −$150	doesn't fit	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	−0.543%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.178%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.70	−0.081%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.088%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	+0.017%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.81	+0.013%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.79	−0.009%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.77	−0.028%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0015%	1h	119.42	−0.319%	$24K	$47K	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.174%	$120K	$605K	20x	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	+0.0056%	8h	119.63	−0.141%	$233.0M	$44.5M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0061%	8h	119.79	−0.005%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSDlong	+0.0072%	1h	119.80	long leg	$105K	$152K	20x
BingX SOL-USDT	+0.0080%	8h	119.76	−0.031%	—	$372.0M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.75	−0.042%	$876.1M	$685.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.76	−0.033%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.75	−0.040%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.76	−0.031%	$356K	$747K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0097%	1h	119.82	+0.019%	$26.9M	$27.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	−0.052%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	−0.042%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.78	−0.021%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.82	+0.017%	$723.3M	$410.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.81	+0.007%	$180.4M	$175.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	−0.001%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	119.77	−0.025%	$978.4M	$3.77B	100x
Bybit SOLUSDT	+0.0100%	8h	119.81	+0.004%	$831.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.75	−0.042%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.100%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.009%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.119%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.75	−0.042%	$408.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.77	−0.023%	$143.0M	$196.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.71	−0.073%	$500.3M	$451.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.75	−0.042%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.250%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	−0.167%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.184%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	−0.174%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	−0.125%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.80	0.000%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.73	−0.055%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.79	−0.012%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.77	−0.029%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	−0.050%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.74	−0.050%	$46.7M	$100.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.73	−0.054%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.77	−0.023%	$8.2M	$417.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.78	−0.016%	—	$219.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	−0.042%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	−0.001%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.71	−0.074%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.59	−0.175%	$51.8M	$86.4M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.76	−0.037%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.81	+0.012%	$3.6M	—	200x	as long as short