Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.053%

Price spread now: RISEx against BingX+0.037%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.037% dearer against BingX than usual: you sell high and buy low: +$4 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	116.19	0.0100	pay 0.0100% / 8h	7h 35m	—	$10.7M	—
Short	RISEx SOL/USDC	116.23	0.0480	get 0.0060% / 1h	35m 53s	$2.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.037%Rate

Funding earned: $79.82
Price spread: +0.037% → 0.000%: $3.74
Slippage, 4 orders: −$2.8
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $64.76
Costs to cover: 0.188%
Break-even: 1.3 days

Slippage from BingX: live order book, 2 min ago; RISEx: 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, 2 min ago	0.34 bp	6.9 bp −$7	8.4 bp −$84	13.8 bp −$1,382	40.3 bp −$20.1K
Sell RISEx live order book, 3 min ago	0.04 bp	3.2 bp −$3	6.8 bp −$68	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	116.34	+0.129%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.29	+0.089%	$32.3M	$105.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.24	+0.040%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.25	+0.051%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.25	+0.054%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.23	+0.036%	$99K	$3.4M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	116.31	+0.100%	$26.2M	$21.5M	50x	as long as short
Vest SOL-PERP	0.0000%	1h	116.19	−0.003%	—	$636K	20x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.15	−0.035%	$1.8M	$2.9M	13x	as long as short
Bitget SOLUSDT	+0.0025%	8h	116.20	+0.008%	$479.3M	$448.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOLUSDT	+0.0029%	8h	116.20	+0.008%	$730.6M	$1.39B	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.28	+0.080%	$7.8M	$392.2M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.23	+0.034%	$176.9M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	116.23	+0.035%	$1.0M	$5.8M	100x	as long as short
SoDEX SOL-USD	+0.0082%	1h	116.24	+0.042%	$6.1M	$11.0M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.23	+0.033%	$13.0M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.22	+0.022%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.22	+0.029%	$351K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.21	+0.013%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.14	−0.044%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.19	−0.005%	$5.4M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.33	+0.118%	$695.1M	$404.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.25	+0.048%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.21	+0.016%	$961.0M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.21	+0.016%	$365.8M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.27	+0.068%	$217K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.20	+0.009%	$943K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.22	+0.025%	$847.8M	$611.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.22	+0.025%	$373.6M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.22	+0.024%	$129.6M	$237.3M	75x	as long as short
BingX SOL-USDClong	+0.0100%	8h	116.19	long leg	—	$10.7M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.23	+0.034%	$22.8M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.19	−0.004%	$24.8M	$104.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.21	+0.020%	$93.3M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.14	−0.044%	$47.5M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.28	+0.072%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.25	+0.051%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.21	+0.016%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.20	+0.005%	$281K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.16	−0.026%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.24	+0.043%	$225.0M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.21	+0.016%	$45.2M	$103.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.049%	$125.8M	$25.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.18	−0.010%	$8.2M	$36.4M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.22	+0.025%	$101K	$182K	20x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	116.33	+0.122%	$101K	$683K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.24	+0.040%	—	$230.6M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.27	+0.068%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.128%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.22	+0.024%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.27	+0.068%	$52.1M	$63.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.23	+0.033%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	116.32	+0.108%	$25K	$57K	20x	as long as short
RISEx SOL/USDCshort	+0.0480%	1h	116.23	+0.037%	$2.1M	$4.8M	20x
Bluefin SOL-PERP	+0.0686%	1h	116.24	+0.040%	$27K	$36K	25x	as long as short