Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.001%

Price spread now: Kraken Futures against Binance+0.085%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.085%, 7d avg −0.006%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.090% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	118.73	0.0100	pay 0.0100% / 8h	27m 32s	$981.2M	$3.82B	100x
Short	Kraken Futures PF_SOLUSD	118.83	0.0105	get 0.0013% / 1h	27m 32s	$32.5M	$97.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: $1.11
Price spread: +0.085% → −0.006%: $9.03
Slippage, 4 orders: −$3.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.72
Costs to cover: 0.239%
Break-even: 93.5 days

Slippage from Binance: live order book, 17 min ago; Kraken Futures: live order book, 2 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 Binance live order book, 17 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	8.4 bp −$837	17.6 bp −$8,780
Sell Kraken Futures live order book, 2 min ago	0.84 bp	7.2 bp −$7	8.7 bp −$87	12.7 bp −$1,273	22.8 bp −$11.4K

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	118.80	+0.055%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	118.69	−0.034%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.75	+0.016%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0016%	1h	118.74	+0.008%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.85	+0.099%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.89	+0.136%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.88	+0.122%	$176K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.88	+0.127%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.092%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.84	+0.096%	$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	118.77	+0.033%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.74	+0.010%	—	$371.9M	—	as long as short
HTX SOL-USDT	+0.0086%	8h	118.77	+0.033%	$231.2M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	118.71	−0.017%	$861.9M	$680.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.72	−0.006%	$13.5M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.78	+0.045%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.87	+0.120%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.83	+0.081%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.85	+0.101%	$8.1M	$416.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.75	+0.017%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.74	+0.008%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	−0.005%	$6.0M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.90	+0.143%	$719.5M	$412.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.73	−0.001%	$177.8M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.76	+0.028%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	118.73	long leg	$981.2M	$3.82B	100x
Bybit SOLUSDT	+0.0100%	8h	118.75	+0.014%	$823.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.71	−0.017%	$371.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.043%	$233K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.78	+0.038%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.168%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.74	+0.008%	$431.7M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.72	−0.011%	$138.2M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.69	−0.031%	$492.1M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.83	+0.084%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.236%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.095%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.176%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.87	+0.117%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.70	−0.026%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.84	+0.089%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.85	+0.097%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.82	+0.078%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.83	+0.084%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.84	+0.092%	$46.4M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.160%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.72	−0.011%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0105%	1h	118.83	+0.085%	$32.5M	$97.2M	100x
Aftermath Perps SOLUSD	+0.0106%	1h	119.03	+0.250%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	+0.112%	—	$225.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0067%	1h	118.85	+0.099%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.732%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.70	−0.023%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.88	+0.126%	$52.1M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.79	+0.046%	$1.7M	$5.2M	20x	as long as short