Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against Bullet−0.011%7-day average −0.019% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Bullet 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+0.009%+$1 · spread now −0.011%, 7d avg −0.019%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	119.50	0.0100	pay 0.0013% / 1h	34m 59s	$201K	$1.7M	20x
Short	KuCoin SOLUSDTM	119.49	0.0100	get 0.0100% / 8h	1h 34m	$141.3M	$200.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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 BulletbpFee KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.019%: $0.73
Slippage, 4 orders: −$9.55
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.82
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; KuCoin: 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 Bullet live order book, 4 min ago	0.42 bp	5.2 bp −$5	9.1 bp −$91	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.33 bp	7.7 bp −$8	11.2 bp −$112	15.3 bp −$1,531	28.9 bp −$14.5K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	−0.0250%	1h	119.49	−0.011%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.40	−0.080%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.43	−0.058%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.42	−0.071%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.33	−0.138%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.52	+0.017%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.37	−0.109%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.49	−0.011%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.48	−0.020%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.38	−0.100%	$6.6M	$13.6M	25x	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	+0.0067%	8h	119.52	+0.014%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0069%	1h	119.52	+0.018%	$24K	$47K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.42	−0.071%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0080%	8h	119.43	−0.055%	$232.6M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.47	−0.025%	$872.5M	$681.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.47	−0.022%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.46	−0.034%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.52	+0.017%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.48	−0.018%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.34	−0.130%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.43	−0.058%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.47	−0.028%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.53	+0.025%	$719.8M	$415.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.44	−0.047%	$178.8M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	−0.072%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.42	−0.070%	$987.7M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.40	−0.081%	$825.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.38	−0.100%	$371.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.184%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.51	+0.012%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.47	−0.025%	$453.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	119.49	−0.011%	$141.3M	$200.4M	75x
Bitget SOLUSDT	+0.0100%	8h	119.38	−0.101%	$495.9M	$454.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.48	−0.017%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	−0.074%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.50	0.000%	$96.0M	$399.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	−0.050%	$48.9M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.56	+0.050%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	−0.117%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.52	+0.017%	$367K	$2.3M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	119.50	long leg	$201K	$1.7M	20x
SunX SOL-USDT	+0.0100%	8h	119.47	−0.021%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.48	−0.017%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.44	−0.050%	$46.7M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.208%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.37	−0.107%	$8.7M	$36.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0107%	1h	119.55	+0.038%	$26.7M	$27.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.50	+0.003%	$8.4M	$415.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.38	−0.101%	—	$222.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.48	−0.017%	$32.6M	$95.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0086%	1h	119.51	+0.007%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.51	+0.008%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.53	+0.021%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.309%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.49	−0.008%	$52.2M	$82.9M	125x	as long as short