Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.003%

Price spread now: KuCoin against Coinbase International−0.061%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.425%+$43 · spread now −0.061%, 7d avg −0.004%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.004%). If the spread goes back, that is −$6 on $10k: about 3.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.72	0.0040	pay 0.0005% / 1h	22m 50s	$7.8M	$389.8M	50x
Short	KuCoin SOLUSDTM	116.65	0.0100	get 0.0100% / 8h	7h 22m	$130.1M	$236.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.061%Rate

Funding earned: $12.6
Price spread: −0.061% → −0.004%: −$5.69
Slippage, 4 orders: −$3.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.94
Costs to cover: 0.258%
Break-even: 17.5 days

Slippage from Coinbase International: live order book, 1 min ago; KuCoin: live order book, 6 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 Coinbase International live order book, 1 min ago	0.04 bp	5.0 bp −$5	7.1 bp −$71	14.3 bp −$1,427	doesn't fit
Sell KuCoin live order book, 6 min ago	0.43 bp	7.0 bp −$7	8.8 bp −$88	19.1 bp −$1,909	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
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.163%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.771%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.74	+0.011%	$32.4M	$103.8M	100x	as long as short
Bybit SOLUSDT	−0.0024%	8h	116.68	−0.039%	$730.1M	$1.37B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	−0.073%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.66	−0.054%	$1.4M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.64	−0.069%	$100K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0004%	1h	116.50	−0.195%	—	$640K	20x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.24	−0.417%	$7.5M	$24.4M	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.69	−0.033%	$481.8M	$440.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTXlong	+0.0040%	1h	116.72	long leg	$7.8M	$389.8M	50x
Aster SOLUSDT	+0.0051%	8h	116.66	−0.056%	$177.0M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.66	−0.056%	$1.0M	$5.7M	100x	as long as short
Phemex SOLUSDT	+0.0069%	8h	116.65	−0.064%	$45.3M	$102.9M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	116.64	−0.073%	$844.4M	$617.4M	100x	as long as short
SoDEX SOL-USD	+0.0087%	1h	116.69	−0.030%	$6.0M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.67	−0.045%	$13.1M	$56.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.65	−0.067%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.64	−0.076%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.52	−0.174%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.49	−0.201%	$59K	$905K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	−0.171%	$5.4M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.80	+0.064%	$701.4M	$387.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.57	−0.131%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	−0.047%	$962.1M	$3.79B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	−0.013%	$365.9M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.218%	$217K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.55	−0.146%	$947K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.62	−0.090%	$409.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.65	−0.061%	$130.1M	$236.8M	75x
BingX SOL-USDC	+0.0100%	8h	116.62	−0.088%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	−0.047%	$22.9M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.98	−0.636%	$24.7M	$104.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.15	−0.497%	$93.3M	$405.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.18	−0.463%	$47.6M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.01	−0.616%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.31	−0.356%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	−0.107%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	−0.059%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.51	−0.181%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	−0.078%	$225.8M	$50.2M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.76	−0.830%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.59	−0.119%	$8.1M	$35.6M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.57	−0.133%	$100K	$185K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	−0.146%	—	$227.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.08	−0.553%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.75	+0.022%	$26.2M	$21.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	116.40	−0.275%	$104K	$677K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.330%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.58	−0.123%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.056%	$52.3M	$62.3M	125x	as long as short
Bluefin SOL-PERP	+0.0229%	1h	116.64	−0.069%	$27K	$36K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	−0.058%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0403%	1h	116.24	−0.415%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.57	−0.134%	$2.2M	$4.8M	20x	as long as short