Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.035%
Price spread now: BingX against Hibachi−0.001%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$230.232% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)−0.821%−$82 · spread now −0.001%, 7d avg −0.041%
Together, before fees−0.787%+ Points / potential airdropHibachi: Active · farm board−$79 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.040% dearer against Hibachi than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.041%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi SOL/USDT-P116.030.0144pay 0.0018% / 1h26m 10s$104K$677K20x
ShortBingX SOL-USDT116.030.0100get 0.0100% / 8h7h 26m$370.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hibachi. 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

Funding earned
−$9.24
Price spread: −0.001% → −0.041%
$3.96
Slippage, 4 orders
−$4.23
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$28.51
Costs to cover
0.232%
Break-even
never at this rate
Slippage from Hibachi: live order book, 8 min ago; BingX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 8 min ago0.22 bp4.8 bp −$516.4 bp −$164doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago0.77 bp5.8 bp −$65.8 bp −$588.1 bp −$81212.0 bp −$6,007

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h116.26+0.192%$1K$8K25xas long as short
Derive SOL-PERP−0.0065%1h115.82−0.180%$1.8M$2.9M13xas long as short
Kraken Futures PF_SOLUSD−0.0057%1h116.10+0.054%$32.2M$104.2M100xas long as short
Bybit SOLUSDT−0.0019%8h116.15+0.100%$728.7M$1.37B100xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.84−0.167%$42K150xas long as short
dYdX SOL-USD0.0000%1h116.05+0.012%$5.1M$22.3M20xas long as short
Kalshi KXSOLPERP0.0000%8h116.09+0.052%$1.4M$19.3M3.1xas long as short
Perpl SOL0.0000%43m116.05+0.012%$99K$3.3M8.3xas long as short
Vest SOL-PERP+0.0004%1h116.02−0.008%$640K20xas long as short
Bitget SOLUSDT+0.0022%8h116.02−0.013%$479.1M$441.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International SOL-PERP-INTX+0.0040%1h116.08+0.043%$7.8M$388.2M50xas long as short
Aster SOLUSDT+0.0050%8h116.09+0.051%$176.1M$169.2M100xas long as short
Gate SOL_USDT+0.0054%8h116.05+0.014%$844.0M$614.9M100xas long as short
Orderly PERP_SOL_USDC+0.0066%8h116.05+0.010%$1.0M$5.7M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0068%1h116.11+0.069%$26.1M$21.2M50xas long as short
SoDEX SOL-USD+0.0073%1h116.04+0.006%$6.0M$11.1M20xas long as short
Lighter SOL+0.0096%1h116.05+0.012%$13.1M$56.3M25xas long as short
Lighter RH SOL+0.0096%1h116.04+0.002%$2.1M$14.9M25xas long as short
Aevo SOL-PERP+0.0096%1h116.01−0.021%$350K$248K20xas long as short
Paradex SOL-USD-PERP+0.0098%8h116.00−0.031%$1.0M$553K50xas long as short
Katana Perps SOL-USD+0.0100%8h116.03−0.003%$58K$906K20xas long as short
Nado SOL-PERP+0.0100%1h116.02−0.013%$5.4M$40.9M40xas long as short
Hyperliquid SOL+0.0100%1h116.14+0.092%$697.2M$408.9M20xas long as short
Pacifica SOL+0.0100%1h116.07+0.033%$15.6M$130.0M20xas long as short
Binance SOLUSDT+0.0100%8h116.11+0.067%$957.5M$3.80B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.17+0.118%$364.7M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.07+0.032%$217K$843K10xas long as short
Arcus SOL-USD+0.0100%1h116.05+0.010%$945K$8.4M20xas long as short
MEXC SOL_USDT+0.0100%8h116.04+0.006%$382.9M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.030.000%$129.3M$237.3M75xas long as short
BingX SOL-USDTshort+0.0100%8h116.03−0.001%$370.1M
Backpack SOL_USDC_PERP+0.0100%1h116.04+0.006%$22.8M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h115.94−0.084%$24.8M$104.4Mas long as short
edgeX SOLUSDC+0.0100%4h115.95−0.072%$93.1M$405.2M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.95−0.068%$47.4M$27.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.01−0.020%$1.1M$6.6M50xas long as short
StandX SOL-USD+0.0100%1h116.00−0.029%$1.3M$10.9M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.09+0.049%$318K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h116.02−0.010%$281K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h116.06+0.025%$188K$1.7M30xas long as short
HTX SOL-USDT+0.0100%8h116.06+0.022%$224.7M$50.3M75xas long as short
Phemex SOLUSDT+0.0100%8h116.06+0.023%$45.1M$102.8M50xas long as short
Bulk SOL-USD+0.0100%1h115.76−0.239%$125.0M$25.2M20xas long as short
Extended SOL-USD+0.0104%1h116.00−0.032%$8.1M$35.6M50xas long as short
01 Exchange SOLUSD+0.0104%1h116.10+0.057%$100K$184K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.04+0.010%$227.6M500xas long as short
Phoenix SOL+0.0124%1h116.01−0.020%$6.5M$13.4M25xas long as short
Hibachi SOL/USDT-Plong+0.0144%1h116.03long leg$104K$677K20x
Injective SOL/USDC PERP+0.0179%1h116.34+0.264%$4K$12412xas long as short
Reya SOLRUSDPERP+0.0197%1h115.94−0.083%$1.1M$543K25xas long as short
BloFin SOL-USDT+0.0220%8h115.98−0.046%$52.2M$62.0M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0231% / S −0.0169%1h116.02−0.013%$3.5M200xas long as short
Bluefin SOL-PERP+0.0311%1h116.04+0.005%$27K$36K25xas long as short
Aftermath Perps SOLUSD+0.0404%1h116.07+0.034%$25K$57K20xas long as short
RISEx SOL/USDC+0.0480%1h116.07+0.030%$2.1M$4.8M20xas long as short