Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.008%

Price spread now: BingX against 01 Exchange−0.064%7-day average −0.031% · 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−$34as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.064%, 7d avg −0.031%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.033% cheaper against 01 Exchange than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	116.55	0.0032	pay 0.0004% / 1h	17m 03s	$100K	$178K	20x
Short	BingX SOL-USDT	116.47	−0.0108	pay 0.0108% / 8h	2h 17m	—	$369.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$29.4
Price spread: −0.064% → −0.031%: −$3.31
Slippage, 4 orders: −$14.01
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$63.72
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from 01 Exchange: live order book, 32 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 01 Exchange live order book, 32 min ago	0.86 bp	10.8 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.82 bp	5.8 bp −$6	5.8 bp −$58	6.9 bp −$687	11.8 bp −$5,909

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	−0.021%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0128%	1h	116.50	−0.047%	$104K	$693K	20x	as long as short
BingX SOL-USDTshort	−0.0108%	8h	116.47	−0.064%	—	$369.3M	—
Bybit SOLUSDT	−0.0107%	8h	116.41	−0.120%	$740.1M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.57	+0.014%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0052%	1h	116.51	−0.036%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.45	−0.085%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	−0.024%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.55	−0.001%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.54	−0.007%	$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	−0.054%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSDlong	+0.0032%	1h	116.55	long leg	$100K	$178K	20x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	−0.007%	$7.7M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.41	−0.121%	$479.6M	$460.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.53	−0.014%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.52	−0.026%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.51	−0.038%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	−0.028%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	−0.026%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	+0.036%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	−0.034%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.59	+0.034%	$696.6M	$406.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.49	−0.048%	$175.6M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	−0.007%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.48	−0.063%	$971.7M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.43	−0.103%	$364.0M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	−0.129%	$216K	$878K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.60	+0.039%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.599%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.50	−0.043%	$842.8M	$672.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.47	−0.069%	$354.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.51	−0.033%	$126.8M	$230.6M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	−0.051%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.476%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.416%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.127%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	−0.091%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.45	−0.086%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	−0.026%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	−0.028%	$169K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.54	−0.012%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.029%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.52	−0.026%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.53	−0.015%	$225.7M	$50.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	−0.043%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.37	−0.151%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.58	+0.025%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	−0.021%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.764%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.154%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.50	−0.046%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.50	−0.043%	$51.8M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	−0.033%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.63	+0.073%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0559%	1h	116.18	−0.315%	$25K	$55K	20x	as long as short