Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against BloFin+0.011%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.011%, 7d avg 0.000%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	118.93	0.0220	pay 0.0220% / 8h	0m 29s	$51.9M	$80.3M	125x
Short	Kraken Futures PF_SOLUSD	118.94	0.0105	get 0.0013% / 1h	0m 29s	$32.6M	$97.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$24.11
Price spread: +0.011% → 0.000%: $1.1
Slippage, 4 orders: −$5.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$50.53
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Kraken Futures: live order book, 4 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 BloFin live order book, 9 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	8.4 bp −$844	17.6 bp −$8,787
Sell Kraken Futures live order book, 4 min ago	1.68 bp	7.2 bp −$7	8.1 bp −$81	12.2 bp −$1,221	22.7 bp −$11.3K

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	−0.0100%	1h	118.80	−0.106%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.89	−0.032%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.86	−0.059%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0022%	1h	118.93	+0.003%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.95	+0.017%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.83	−0.087%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.95	+0.018%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0020%	1h	118.73	−0.165%	$1.5M	$6.1M	50x	as long as short
Gate SOL_USDT	+0.0066%	8h	118.87	−0.050%	$861.0M	$690.3M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.92	−0.008%	$103K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0078%	8h	118.94	+0.012%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0079%	8h	118.77	−0.136%	$231.2M	$45.0M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.95	+0.015%	—	$370.1M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.86	−0.063%	$122K	$642K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.91	−0.018%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.90	−0.029%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.90	−0.028%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.97	+0.030%	$8.2M	$417.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0098%	1h	118.97	+0.033%	$26.6M	$25.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.93	−0.002%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.87	−0.050%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.91	−0.016%	$5.9M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.03	+0.084%	$720.4M	$408.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.92	−0.008%	$178.6M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.94	+0.008%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.93	+0.003%	$981.2M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.95	+0.016%	$823.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.92	−0.008%	$371.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.092%	$231K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.93	+0.003%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.238%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.94	+0.008%	$427.3M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.96	+0.029%	$138.0M	$207.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.93	+0.001%	$493.3M	$458.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.93	0.000%	$24.2M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.119%	$27.0M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	−0.165%	$95.4M	$403.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.57	−0.305%	$48.6M	$30.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.81	−0.101%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.94	+0.008%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.93	+0.003%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.89	−0.035%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	−0.112%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.91	−0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.91	−0.017%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	−0.067%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.87	−0.049%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0105%	1h	118.94	+0.011%	$32.6M	$97.1M	100x
Aftermath Perps SOLUSD	+0.0117%	1h	118.75	−0.148%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.92	−0.006%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.94	+0.011%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	−0.227%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.93	−0.003%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	118.93	long leg	$51.9M	$80.3M	125x
RISEx SOL/USDC	+0.0226%	1h	118.89	−0.032%	$1.8M	$4.8M	20x	as long as short