Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.006%

Price spread now: BingX against SoDEX−0.203%7-day average −0.019% · 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−$40as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.203%, 7d avg −0.019%

Together, before fees+0.253%+$25 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 0.184% cheaper against SoDEX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	118.66	0.0100	pay 0.0013% / 1h	25m 35s	$6.2M	$10.8M	20x
Short	BingX SOL-USDC	118.42	0.0080	get 0.0080% / 8h	25m 35s	—	$10.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$4.2
Price spread: −0.203% → −0.019%: −$18.39
Slippage, 4 orders: −$3.92
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$44.51
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; BingX: live order book, 12 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 SoDEX live order book, 4 min ago	0.42 bp	4.4 bp −$4	4.8 bp −$48	12.7 bp −$1,274	doesn't fit
Sell BingX live order book, 12 min ago	0.34 bp	7.7 bp −$8	8.9 bp −$89	13.8 bp −$1,377	29.6 bp −$14.8K

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
Hotstuff SOL-PERP	−0.0080%	1h	118.62	−0.030%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	118.67	+0.010%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.58	−0.064%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0015%	1h	118.43	−0.194%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.71	+0.041%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.72	+0.047%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.73	+0.059%	$176K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.152%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	118.71	+0.046%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.68	+0.013%	$1.0M	$5.9M	100x	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	+0.0080%	1h	118.49	−0.143%	$103K	$158K	20x	as long as short
BingX SOL-USDCshort	+0.0080%	8h	118.42	−0.203%	—	$10.5M	—
Gate SOL_USDT	+0.0081%	8h	118.48	−0.152%	$860.0M	$681.5M	100x	as long as short
HTX SOL-USDT	+0.0084%	8h	118.57	−0.074%	$230.8M	$45.1M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.44	−0.183%	$13.4M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.50	−0.131%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.76	+0.082%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.65	−0.006%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.69	+0.022%	$8.1M	$415.5M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.43	−0.194%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.38	−0.236%	$45K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.49	−0.139%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.66	0.000%	$718.2M	$412.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.44	−0.189%	$177.3M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.48	−0.150%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.44	−0.185%	$977.5M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.45	−0.175%	$821.9M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.44	−0.185%	$368.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.38	−0.236%	$232K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.47	−0.158%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.228%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.43	−0.194%	$429.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.44	−0.187%	$137.8M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.42	−0.206%	$491.0M	$460.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	−0.008%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.026%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.155%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.107%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.73	+0.059%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.68	+0.017%	$367K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.69	+0.022%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.68	+0.020%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.66	+0.003%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	118.66	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.68	+0.017%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.219%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.41	−0.211%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.65	−0.008%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0113%	1h	118.94	+0.236%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	+0.104%	—	$226.0M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.70	+0.036%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.211%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.68	+0.015%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.76	+0.084%	$52.3M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.45	−0.174%	$1.6M	$5.2M	20x	as long as short