Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.009%

Price spread now: BingX against Coinbase International−0.066%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.066%, 7d avg −0.043%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BingX is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.54	0.0048	pay 0.0006% / 1h	16m 25s	$7.7M	$405.6M	50x
Short	BingX SOL-USDC	116.47	−0.0112	pay 0.0112% / 8h	2h 16m	—	$10.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$33.6
Price spread: −0.066% → −0.043%: −$2.31
Slippage, 4 orders: −$6.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.97
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 7 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 Coinbase International live order book, 3 min ago	0.04 bp	5.2 bp −$5	7.2 bp −$72	13.6 bp −$1,364	doesn't fit
Sell BingX live order book, 7 min ago	0.52 bp	7.1 bp −$7	9.6 bp −$96	14.5 bp −$1,453	34.2 bp −$17.1K

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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.53	−0.014%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0120%	1h	116.54	−0.003%	$104K	$693K	20x	as long as short
BingX SOL-USDCshort	−0.0112%	8h	116.47	−0.066%	—	$10.6M	—
Bybit SOLUSDT	−0.0107%	8h	116.52	−0.019%	$740.8M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.52	−0.018%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0050%	1h	116.52	−0.019%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.45	−0.078%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	−0.019%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.55	+0.006%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.53	−0.015%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.49	−0.047%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.56	+0.015%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	116.54	long leg	$7.7M	$405.6M	50x
Bitget SOLUSDT	+0.0064%	8h	116.51	−0.026%	$480.0M	$460.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.53	−0.007%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.50	−0.036%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.49	−0.047%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	−0.021%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.49	−0.045%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.54	0.000%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.52	−0.019%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.64	+0.080%	$696.8M	$406.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.54	−0.002%	$175.7M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	−0.001%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.54	−0.002%	$972.2M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.53	−0.010%	$364.3M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	−0.122%	$217K	$878K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.54	+0.001%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.592%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.50	−0.036%	$842.8M	$673.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.54	−0.002%	$354.1M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	−0.012%	$126.7M	$230.6M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	−0.045%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.470%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.409%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.120%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	−0.084%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.027%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	−0.019%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	−0.031%	$167K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.54	−0.005%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.022%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.52	−0.019%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.53	−0.008%	$225.7M	$50.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	−0.036%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.47	−0.059%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.58	+0.032%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	−0.015%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.757%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.148%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.51	−0.030%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.50	−0.036%	$51.8M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	−0.026%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.60	+0.047%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0553%	1h	116.25	−0.252%	$25K	$55K	20x	as long as short