Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bulk−0.075%7-day average +0.001% · 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−$37as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Bulk Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.075%, 7d avg +0.001%

Together, before fees+0.065%+$7 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: KuCoin is 0.076% cheaper against Bulk than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	118.88	0.0100	pay 0.0013% / 1h	45m 48s	$133.2M	$12.7M	20x
Short	KuCoin SOLUSDTM	118.79	0.0093	get 0.0093% / 8h	2h 45m	$143.8M	$196.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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 BulkbpFee KuCoinbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$1.47
Price spread: −0.075% → +0.001%: −$7.6
Slippage, 4 orders: −$10.15
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.22
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Bulk: live order book, 3 min ago; KuCoin: live order book, 3 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 Bulk live order book, 3 min ago	4.21 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$771	13.7 bp −$6,865
Sell KuCoin live order book, 3 min ago	0.04 bp	7.4 bp −$7	9.9 bp −$99	15.1 bp −$1,506	doesn't fit

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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.007%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.75	−0.113%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.091%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0081%	1h	118.81	−0.060%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.87	−0.006%	$843	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0052%	1h	118.91	+0.028%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0006%	1h	118.86	−0.018%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.86	−0.016%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.88	−0.002%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.87	−0.009%	$180K	$4.1M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.86	−0.014%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0058%	8h	118.84	−0.033%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.91	+0.024%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.80	−0.072%	$231.5M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	118.79	−0.077%	$857.8M	$676.5M	100x	as long as short
KuCoin SOLUSDTMshort	+0.0093%	8h	118.79	−0.075%	$143.8M	$196.9M	75x
Lighter SOL	+0.0096%	1h	118.81	−0.063%	$13.4M	$53.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.79	−0.080%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.81	−0.062%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.85	−0.026%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.90	+0.016%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.83	−0.042%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.88	−0.001%	$716.9M	$424.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	−0.085%	$179.1M	$173.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.87	−0.013%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.78	−0.082%	$971.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.79	−0.074%	$821.3M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	−0.102%	$370.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	+0.032%	$233K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.93	+0.039%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	118.88	long leg	$133.2M	$12.7M	20x
MEXC SOL_USDT	+0.0100%	8h	118.80	−0.069%	$466.0M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.76	−0.102%	$495.7M	$448.8M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.80	−0.072%	—	$372.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	−0.060%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.022%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.79	−0.075%	$95.4M	$396.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.77	−0.095%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.96	+0.066%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.85	−0.027%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	−0.047%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.84	−0.034%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	−0.066%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.80	−0.069%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.82	−0.052%	$46.4M	$100.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.77	−0.090%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.87	−0.012%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.89	+0.005%	—	$218.3M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.85	−0.027%	$8.1M	$413.7M	50x	as long as short
Phoenix SOL	+0.0154%	1h	118.99	+0.091%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.86	−0.021%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.92	+0.036%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.84	−0.033%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.060%	$51.7M	$87.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.81	−0.057%	$36.1M	$89.9M	100x	as long as short