Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.022%
Price spread now: GMX against BingX+0.108%7-day average +0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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)−0.097%−$10 · spread now +0.108%, 7d avg +0.040%
Together, before fees−0.016%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GMX is 0.068% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SOL-USDT119.110.0080pay 0.0080% / 8h1h 30m$374.3M
ShortGMX SOL/USD [SOL-USDC]119.24L +0.0171% / S −0.0085%get 0.0011% / 1h30m 58s$3.6M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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

Funding earned
$1.07
Price spread: +0.108% → +0.040%
$6.81
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$14.12
Costs to cover
0.220%
Break-even
99.3 days
Slippage unknown: BingX: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago0.79 bp5.8 bp −$66.1 bp −$617.3 bp −$73310.1 bp −$5,047
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0162%1h119.17+0.048%$37K$17K25xas long as short
Derive SOL-PERP−0.0095%1h119.09−0.020%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.28+0.143%$846$8K25xas long as short
Vest SOL-PERP−0.0060%1h119.22+0.092%$722K20xas long as short
dYdX SOL-USD−0.0001%1h119.28+0.143%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.25+0.116%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.26+0.125%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.24+0.105%$178K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0024%1h119.29+0.150%$120K$611K20xas long as short
Phoenix SOL+0.0054%1h119.36+0.207%$6.6M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL+0.0066%1h119.23+0.097%$26.7M$27.6M50xas long as short
Orderly PERP_SOL_USDC+0.0067%8h119.19+0.065%$1.1M$5.9M100xas long as short
Aftermath Perps SOLUSD+0.0075%1h119.41+0.251%$24K$47K20xas long as short
BingX SOL-USDTlong+0.0080%8h119.11long leg$374.3M
Gate SOL_USDT+0.0083%8h119.10−0.012%$868.5M$682.7M100xas long as short
HTX SOL-USDT+0.0083%8h119.11−0.001%$232.0M$44.8M75xas long as short
01 Exchange SOLUSD+0.0088%1h119.29+0.148%$104K$153K20xas long as short
Lighter SOL+0.0096%1h119.17+0.046%$13.6M$55.6M25xas long as short
Lighter RH SOL+0.0096%1h119.16+0.035%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h119.19+0.065%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.18+0.059%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.25+0.114%$47K$794K20xas long as short
Nado SOL-PERP+0.0100%1h119.24+0.106%$6.2M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.26+0.123%$718.1M$416.1M20xas long as short
Aster SOLUSDT+0.0100%8h119.10−0.012%$178.3M$176.3M100xas long as short
Pacifica SOL+0.0100%1h119.28+0.139%$12.4M$117.5M20xas long as short
Binance SOLUSDT+0.0100%8h119.11−0.001%$985.2M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h119.13+0.011%$823.3M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.07−0.037%$370.9M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.26+0.123%$233K$886K10xas long as short
Arcus SOL-USD+0.0100%1h119.31+0.166%$2.0M$8.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.12+0.005%$450.6M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.11−0.001%$140.9M$200.7M75xas long as short
Bitget SOLUSDT+0.0100%8h119.11−0.007%$494.8M$455.5M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.18+0.055%$24.1M$38.7M50xas long as short
Variational Omni SOL+0.0100%8h119.41+0.250%$27.9M$128.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.40+0.241%$95.9M$399.9M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.40+0.236%$48.9M$31.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.40+0.238%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.27+0.131%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.26+0.123%$365K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.24+0.110%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.18+0.052%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.18+0.055%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.19+0.064%$46.6M$101.9M50xas long as short
Bulk SOL-USD+0.0100%1h119.75+0.533%$134.3M$8.4M20xas long as short
Extended SOL-USD+0.0104%1h119.07−0.033%$8.7M$36.2M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.21+0.077%$8.2M$414.9M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.30+0.159%$223.1M500xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.17+0.047%$32.6M$95.7M100xas long as short
GMX SOL/USD [SOL-USDC]shortL +0.0171% / S −0.0085%1h119.24+0.108%$3.6M200x
Reya SOLRUSDPERP+0.0181%1h119.23+0.099%$1.1M$557K25xas long as short
RISEx SOL/USDC+0.0192%1h119.31+0.162%$1.7M$6.0M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.13+0.013%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.17+0.047%$52.2M$82.7M125xas long as short