Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.010%

Price spread now: BingX against Ondo Perps−0.206%46s7-day average +0.004% · you buy dearer than you sell

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

Long on Ondo Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.533%+$53 · spread now −0.206%, 7d avg +0.004%

Together, before fees+0.466%+ Points / potential airdropOndo Perps: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.210% cheaper against Ondo Perps than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 46 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	Ondo Perps SOL-USD.P	119.34	0.0100	pay 0.0013% / 1h	6m 44s	$234K	$831K	10x
Short	BingX SOL-USDT	119.09	0.0080	get 0.0080% / 8h	7h 06m	—	$366.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Ondo Perps. 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 Ondo PerpsbpFee BingXbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$4.2
Price spread: −0.206% → +0.004%: −$20.98
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.18
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BingX: live order book, 2 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	0.75 bp	5.8 bp −$6	5.9 bp −$59	8.8 bp −$877	13.5 bp −$6,740

Ondo Perps: 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 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
Derive SOL-PERP	−0.0082%	1h	119.11	−0.196%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.19	−0.126%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.14	−0.169%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	119.42	+0.068%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0041%	8h	119.10	−0.200%	$231.7M	$43.8M	75x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.04	−0.253%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.17	−0.144%	$32.4M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.16	−0.148%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.20	−0.114%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.19	−0.125%	$125K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	119.18	−0.134%	$104K	$161K	20x	as long as short
Gate SOL_USDT	+0.0056%	8h	119.10	−0.201%	$854.6M	$673.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0058%	1h	119.22	−0.104%	$26.7M	$24.8M	50x	as long as short
BingX SOL-USDTshort	+0.0080%	8h	119.09	−0.206%	—	$366.5M	—
Orderly PERP_SOL_USDC	+0.0083%	8h	119.20	−0.121%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.19	−0.127%	$8.1M	$409.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.07	−0.229%	$13.6M	$57.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.292%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.17	−0.141%	$349K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.21	−0.105%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.16	−0.151%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.19	−0.122%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.17	−0.142%	$729.7M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.09	−0.213%	$180.0M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.05	−0.242%	$12.2M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.01	−0.274%	$980.8M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.02	−0.265%	$827.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.94	−0.335%	$372.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	119.34	long leg	$234K	$831K	10x
Arcus SOL-USD	+0.0100%	1h	119.17	−0.140%	$2.1M	$8.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.99	−0.293%	$434.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.17	−0.141%	$139.0M	$203.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.04	−0.248%	$494.2M	$438.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.17	−0.142%	$24.0M	$36.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.19	−0.130%	$24.9M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.35	+0.007%	$95.9M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.35	+0.010%	$48.9M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	+0.031%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.20	−0.117%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.151%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.15	−0.155%	$204K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.17	−0.140%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.16	−0.153%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.16	−0.151%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.17	−0.142%	$46.7M	$99.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.24	−0.088%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.06	−0.238%	$8.6M	$34.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.28	−0.050%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.20	−0.121%	—	$225.5M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.14	−0.169%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+0.134%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.13	−0.172%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.15	−0.159%	$52.0M	$74.2M	125x	as long as short
Aftermath Perps SOLUSD	+0.0230%	1h	119.23	−0.093%	$25K	$51K	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.16	−0.149%	$3.7M	—	200x	as long as short