Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.004%

Price spread now: BingX against Kraken Futures−0.023%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	116.66	−0.0072	get 0.0009% / 1h	4m 58s	$32.3M	$106.2M	100x
Short	BingX SOL-USDC	116.63	0.0100	get 0.0100% / 8h	1h 04m	—	$10.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $36.08
Price spread: −0.023% → 0.000%: −$2.35
Slippage, 4 orders: −$7.59
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $6.14
Costs to cover: 0.276%
Break-even: 5.8 days

Slippage from Kraken Futures: live order book, 4 min ago; BingX: 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 Kraken Futures live order book, 4 min ago	0.43 bp	8.3 bp −$8	9.9 bp −$99	13.2 bp −$1,317	27.2 bp −$13.6K
Sell BingX live order book, 3 min ago	0.51 bp	5.5 bp −$6	8.7 bp −$87	16.1 bp −$1,609	40.2 bp −$20.1K

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
Hibachi SOL/USDT-P	−0.0208%	1h	116.77	+0.093%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.60	−0.052%	$738.7M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	+0.080%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0072%	1h	116.66	long leg	$32.3M	$106.2M	100x
Derive SOL-PERP	−0.0068%	1h	116.70	+0.030%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.64	−0.017%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	0.000%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.059%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	+0.019%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.70	+0.031%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0037%	8h	116.60	−0.048%	$480.7M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.68	+0.017%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.002%	$8.0M	$402.7M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.62	−0.035%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USD	+0.0075%	1h	116.63	−0.026%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0075%	8h	116.61	−0.043%	$176.5M	$169.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	116.63	−0.026%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	116.71	+0.039%	$26.4M	$21.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.63	−0.025%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.64	−0.016%	$13.2M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	−0.036%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.61	−0.043%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	−0.026%	$5.6M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.75	+0.077%	$701.7M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.69	+0.023%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.60	−0.052%	$966.4M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.61	−0.043%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	−0.017%	$217K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.66	+0.001%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.095%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.63	−0.026%	$849.9M	$676.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.63	−0.026%	$370.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.64	−0.019%	$133.0M	$233.1M	75x	as long as short
BingX SOL-USDCshort	+0.0100%	8h	116.63	−0.023%	—	$10.7M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	−0.017%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	+0.029%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.080%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.63	−0.026%	$47.7M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.65	−0.009%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.66	0.000%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	−0.017%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.65	−0.005%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.65	−0.011%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.64	−0.017%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.036%	$225.8M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	−0.017%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.57	−0.075%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.67	+0.010%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	−0.035%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.73	+0.060%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.61	−0.041%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.63	−0.026%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	−0.002%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.72	+0.051%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.72	+0.048%	$25K	$57K	20x	as long as short