Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.046%

Price spread now: BingX against Bluefin−0.039%57s7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.589%+$59 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.039% cheaper against Bluefin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.589%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	117.51	0.0100	pay 0.0013% / 1h	1m 26s	$37K	$16K	25x
Short	BingX SOL-USDT	117.46	0.0080	get 0.0080% / 8h	6h 01m	—	$367.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bluefin. 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 BluefinbpFee BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$4.2
Price spread: −0.039% → 0.000%: −$3.91
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; BingX: live order book, 8 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	0.38 bp	5.4 bp −$5	5.4 bp −$54	6.8 bp −$675	11.8 bp −$5,888

Bluefin: 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 54 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	117.50	−0.008%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.41	−0.083%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.46	−0.037%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.42	−0.072%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.55	+0.037%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.49	−0.012%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.44	−0.058%	$2.0M	$2.8M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0034%	1h	117.53	+0.024%	$26.4M	$25.4M	50x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.40	−0.089%	$228.1M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.50	−0.004%	$31.5M	$98.5M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.54	+0.028%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0071%	8h	117.46	−0.039%	$848.5M	$668.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.52	+0.011%	$7.9M	$404.8M	50x	as long as short
BingX SOL-USDTshort	+0.0080%	8h	117.46	−0.039%	—	$367.9M	—
Orderly PERP_SOL_USDC	+0.0088%	8h	117.52	+0.010%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.44	−0.060%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.45	−0.043%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.47	−0.031%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.51	0.000%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.47	−0.030%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.43	−0.065%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.49	−0.014%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.46	−0.039%	$176.3M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.47	−0.030%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.46	−0.039%	$968.3M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.47	−0.030%	$820.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.46	−0.039%	$366.0M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.073%	$238K	$850K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.44	−0.052%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.46	−0.039%	$423.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.45	−0.050%	$130.4M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.44	−0.060%	$486.8M	$435.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.51	+0.003%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	+0.016%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.52	+0.016%	$94.4M	$404.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.069%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.51	+0.003%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.48	−0.022%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.44	−0.056%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.46	−0.037%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	117.51	long leg	$37K	$16K	25x
SunX SOL-USDT	+0.0100%	8h	117.54	+0.030%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.51	+0.003%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.52	+0.012%	$45.7M	$100.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.043%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.020%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.40	−0.088%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	−0.039%	—	$221.8M	500x	as long as short
Hyperliquid SOL	+0.0122%	1h	117.56	+0.046%	$717.0M	$395.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.43	−0.063%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.048%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.52	+0.014%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0362%	1h	117.52	+0.008%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.50	−0.005%	$128K	$3.8M	8.3x	as long as short