Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h −0.035%
Price spread now: KuCoin against BloFin−0.080%65s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$300.303% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.267%−$27 on $10k
Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.080%, 7d avg +0.011%
Together, before fees−0.019%−$2 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 KuCoin is 0.090% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SOL-USDT119.490.0220pay 0.0220% / 8h1h 34m$52.2M$82.9M125x
ShortKuCoin SOLUSDTM119.390.0100get 0.0100% / 8h1h 34m$141.1M$200.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$25.2
Price spread: −0.080% → +0.011%
−$9.05
Slippage, 4 orders
−$6.32
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$64.57
Costs to cover
0.303%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.42 bp6.4 bp −$66.4 bp −$649.0 bp −$89615.7 bp −$7,870
Sell KuCoin live order book, 5 min ago0.33 bp7.7 bp −$811.2 bp −$11215.3 bp −$1,53128.9 bp −$14.5K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0222%1h119.39−0.086%$37K$17K25xas long as short
Derive SOL-PERP−0.0095%1h119.29−0.167%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.46−0.023%$847$8K25xas long as short
Vest SOL-PERP−0.0062%1h119.27−0.185%$722K20xas long as short
dYdX SOL-USD−0.0001%1h119.40−0.074%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.39−0.081%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.39−0.084%$1.2M$20.6M3.1xas long as short
Perpl SOL0.0000%43m119.34−0.124%$181K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0024%1h119.53+0.030%$120K$611K20xas long as short
Phoenix SOL+0.0054%1h119.38−0.092%$6.6M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0067%8h119.39−0.080%$1.1M$5.9M100xas long as short
Aftermath Perps SOLUSD+0.0071%1h119.49−0.002%$24K$47K20xas long as short
BingX SOL-USDC+0.0080%8h119.34−0.121%$10.5Mas long as short
HTX SOL-USDT+0.0081%8h119.31−0.149%$232.4M$44.7M75xas long as short
Gate SOL_USDT+0.0083%8h119.36−0.109%$870.8M$681.6M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0085%1h119.45−0.036%$26.7M$27.6M50xas long as short
Lighter SOL+0.0096%1h119.39−0.084%$13.6M$55.5M25xas long as short
Lighter RH SOL+0.0096%1h119.37−0.099%$2.1M$16.8M25xas long as short
01 Exchange SOLUSD+0.0096%1h119.31−0.151%$104K$153K20xas long as short
Aevo SOL-PERP+0.0096%1h119.38−0.093%$354K$748K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.37−0.104%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.30−0.159%$47K$794K20xas long as short
Nado SOL-PERP+0.0100%1h119.37−0.103%$6.2M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.490.000%$719.5M$415.8M20xas long as short
Aster SOLUSDT+0.0100%8h119.37−0.099%$178.7M$176.0M100xas long as short
Pacifica SOL+0.0100%1h119.44−0.045%$12.4M$117.5M20xas long as short
Binance SOLUSDT+0.0100%8h119.39−0.084%$987.5M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h119.41−0.067%$824.7M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.38−0.092%$371.5M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.28−0.176%$234K$885K10xas long as short
Arcus SOL-USD+0.0100%1h119.40−0.078%$2.0M$8.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.39−0.084%$451.7M$1.11B300xas long as short
KuCoin SOLUSDTMshort+0.0100%8h119.39−0.080%$141.1M$200.4M75x
Bitget SOLUSDT+0.0100%8h119.39−0.080%$496.0M$455.1M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.43−0.050%$24.1M$38.7M50xas long as short
Variational Omni SOL+0.0100%8h119.41−0.066%$27.9M$128.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.50+0.008%$96.0M$399.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.44−0.042%$48.9M$31.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.56+0.059%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.50+0.008%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.26−0.192%$365K$2.3M20xas long as short
Bullet SOL-USD+0.0100%1h119.27−0.184%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.41−0.063%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.39−0.084%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.35−0.117%$46.6M$101.9M50xas long as short
Bulk SOL-USD+0.0100%1h119.75+0.216%$134.3M$8.4M20xas long as short
Extended SOL-USD+0.0104%1h119.37−0.103%$8.7M$36.3M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.43−0.053%$8.2M$415.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.40−0.077%$222.6M500xas long as short
Kraken Futures PF_SOLUSD+0.0149%1h119.42−0.056%$32.7M$95.6M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0086%1h119.38−0.089%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0181%1h119.25−0.199%$1.1M$557K25xas long as short
RISEx SOL/USDC+0.0192%1h119.36−0.111%$1.7M$6.0M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.13−0.301%$4K$2K12xas long as short
BloFin SOL-USDTlong+0.0220%8h119.49long leg$52.2M$82.9M125x