Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.179%

Price spread now: Injective against BingX+0.182%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.182% dearer against BingX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDC	117.17	0.0080	pay 0.0080% / 8h	5h 38m	—	$10.5M	—
Short	Injective SOL/USDC PERP	117.38	0.0218	get 0.0027% / 1h	38m 30s	$4K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee BingXbpFee InjectivebpOrdersPrice spread, now +0.182%Rate

Funding earned: $28.88
Price spread: +0.182% → 0.000%: $18.18
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $37.04
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 14 min ago; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 14 min ago	0.38 bp	5.5 bp −$6	8.3 bp −$83	13.5 bp −$1,352	28.2 bp −$14.1K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Hotstuff SOL-PERP	−0.0080%	1h	117.23	+0.056%	$917	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.21	+0.034%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.15	−0.017%	$31.5M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.08	−0.078%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.19	+0.020%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.19	+0.017%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.15	−0.011%	$1.4M	$19.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0011%	1h	117.18	+0.011%	$26.3M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.15	−0.015%	$100K	$163K	20x	as long as short
HTX SOL-USDT	+0.0063%	8h	117.16	−0.009%	$227.6M	$45.5M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.35	+0.155%	$101K	$689K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.16	−0.005%	$8.0M	$402.0M	50x	as long as short
BingX SOL-USDClong	+0.0080%	8h	117.17	long leg	—	$10.5M	—
Orderly PERP_SOL_USDC	+0.0089%	8h	117.16	−0.009%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.21	+0.037%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.21	+0.034%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.14	−0.019%	$343K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.12	−0.040%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.22	+0.049%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.13	−0.027%	$5.8M	$39.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.19	+0.017%	$176.4M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.24	+0.066%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.14	−0.021%	$964.2M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.16	−0.003%	$820.5M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.13	−0.032%	$365.3M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.13	−0.032%	$238K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.21	+0.038%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.242%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.21	+0.037%	$856.4M	$647.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.20	+0.028%	$424.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.23	+0.051%	$129.7M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.20	+0.031%	$485.8M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.14	−0.023%	$23.6M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.24	+0.064%	$24.3M	$117.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.31	+0.126%	$94.2M	$398.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.251%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.39	+0.187%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.25	+0.071%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.22	+0.045%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.19	+0.021%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.14	−0.023%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.17	+0.003%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.13	−0.032%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.16	−0.006%	$45.6M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.18	+0.013%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.33	+0.135%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.182%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.27	+0.092%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0161%	1h	117.32	+0.131%	$716.5M	$391.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.22	+0.041%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERPshort	+0.0218%	1h	117.38	+0.182%	$4K	$2K	12x
BloFin SOL-USDT	+0.0220%	8h	117.14	−0.023%	$51.6M	$70.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.18	+0.014%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0385%	1h	117.38	+0.182%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.23	+0.058%	$127K	$3.8M	8.3x	as long as short