Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.008%

Price spread now: Pacifica against BingX−0.019%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.019%, 7d avg +0.013%

Together, before fees+0.008%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.032% cheaper against BingX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.013%). If the spread goes back, that is −$3 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOL-USDT	119.70	0.0080	pay 0.0080% / 8h	55m 41s	—	$371.7M	—
Short	Pacifica SOL	119.67	0.0100	get 0.0013% / 1h	55m 41s	$12.4M	$119.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.019%Rate

Funding earned: $4.2
Price spread: −0.019% → +0.013%: −$3.23
Slippage, 4 orders: −$3.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.86
Costs to cover: 0.218%
Break-even: 41.8 days

Slippage from BingX: live order book, 8 min ago; Pacifica: live order book, 3 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 BingX live order book, 8 min ago	0.80 bp	5.8 bp −$6	5.8 bp −$58	7.6 bp −$758	10.9 bp −$5,471
Sell Pacifica live order book, 3 min ago	0.42 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit

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	119.51	−0.158%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.49	−0.172%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.52	−0.149%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.59	−0.090%	$116K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.70	+0.005%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.56	−0.119%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.54	−0.133%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	−0.098%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.57	−0.106%	$104K	$157K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0068%	1h	119.69	−0.003%	$26.8M	$26.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0071%	8h	119.61	−0.069%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDTlong	+0.0080%	8h	119.70	long leg	—	$371.7M	—
HTX SOL-USDT	+0.0083%	8h	119.49	−0.173%	$232.6M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.67	−0.023%	$872.7M	$672.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0093%	1h	119.38	−0.261%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.66	−0.034%	$13.7M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.63	−0.056%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.55	−0.126%	$118K	$608K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.61	−0.070%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.69	−0.009%	$8.3M	$418.6M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.67	−0.024%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.72	+0.019%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.50	−0.160%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.76	+0.049%	$722.8M	$411.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.66	−0.034%	$179.2M	$174.9M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	119.67	−0.019%	$12.4M	$119.6M	20x
Binance SOLUSDT	+0.0100%	8h	119.64	−0.048%	$985.4M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.71	+0.011%	$832.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.68	−0.014%	$373.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.58	−0.098%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.73	+0.030%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.290%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.69	−0.006%	$455.1M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.65	−0.038%	$140.2M	$203.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.68	−0.014%	$498.3M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.66	−0.031%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.366%	$27.3M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	−0.271%	$95.9M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	−0.270%	$48.8M	$31.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	−0.284%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.55	−0.123%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.56	−0.114%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.58	−0.100%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.60	−0.080%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.58	−0.094%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.65	−0.039%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.60	−0.081%	$46.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.66	−0.031%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.67	−0.022%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.56	−0.115%	—	$224.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0070%	1h	119.59	−0.092%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.566%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.54	−0.127%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.50	−0.165%	$52.1M	$84.2M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.75	+0.042%	$1.7M	$5.3M	20x	as long as short