Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Bulk−0.204%7-day average −0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.204%, 7d avg −0.003%

Together, before fees+0.204%+$20 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: Binance is 0.201% cheaper against Bulk than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	116.66	0.0100	pay 0.0013% / 1h	48m 12s	$133.8M	$20.4M	20x
Short	Binance SOLUSDT	116.42	0.0100	get 0.0100% / 8h	4h 48m	$962.1M	$3.77B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → −0.003%: −$20.07
Slippage, 4 orders: −$9.44
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.5
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Bulk: live order book, 1 min ago; Binance: live order book, 11 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 Bulk live order book, 1 min ago	4.29 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$779	7.8 bp −$3,895
Sell Binance live order book, 11 min ago	0.43 bp	5.4 bp −$5	5.7 bp −$57	10.3 bp −$1,027	21.5 bp −$10.8K

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
Vest SOL-PERP	−0.0084%	1h	116.47	−0.163%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.108%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0032%	1h	116.56	−0.085%	$103K	$700K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.127%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.54	−0.103%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.49	−0.144%	$4.4M	$24.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0005%	1h	116.61	−0.041%	$1.3M	$6.2M	50x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.42	−0.207%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.51	−0.127%	$99K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.44	−0.187%	$7.5M	$403.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.41	−0.208%	$30.9M	$100.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0076%	1h	116.50	−0.135%	$26.2M	$25.3M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.48	−0.148%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.42	−0.202%	$13.0M	$59.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.40	−0.218%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.48	−0.155%	$341K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.50	−0.135%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.53	−0.113%	$987K	$533K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	−0.159%	$5.5M	$39.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.51	−0.127%	$705.7M	$395.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.49	−0.148%	$175.0M	$181.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	−0.118%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	116.42	−0.204%	$962.1M	$3.77B	100x
Bybit SOLUSDT	+0.0100%	8h	116.37	−0.249%	$791.0M	$1.33B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.41	−0.212%	$364.3M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.195%	$232K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.54	−0.104%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	116.66	long leg	$133.8M	$20.4M	20x
Gate SOL_USDT	+0.0100%	8h	116.41	−0.212%	$844.9M	$653.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.42	−0.204%	$416.0M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.42	−0.208%	$126.2M	$216.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.39	−0.228%	$480.6M	$439.5M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.40	−0.223%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.41	−0.212%	$23.2M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.54	−0.097%	$24.4M	$114.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	−0.006%	$93.7M	$396.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	+0.050%	$47.7M	$29.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.067%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.49	−0.144%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.48	−0.154%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.48	−0.155%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.48	−0.152%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.45	−0.178%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.37	−0.247%	$226.0M	$46.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.46	−0.169%	$45.5M	$101.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.40	−0.217%	$8.0M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.49	−0.140%	—	$228.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.773%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.76	+0.088%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.44	−0.185%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.144%	$51.8M	$71.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.50	−0.132%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.56	−0.087%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.66	+0.003%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.62	−0.032%	$1.9M	$4.9M	20x	as long as short