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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.037%
Price spread now: Kraken Futures against dYdX+0.021%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$300.296% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.198%+$20 on $10k
Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.021%, 7d avg −0.013%
Together, before fees+0.034%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.034% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX SOL-USD118.81−0.0001get 0.0000% / 1h10m 43s$4.9M$27.2M20x
ShortKraken Futures PF_SOLUSD118.840.0150get 0.0019% / 1h10m 43s$32.6M$97.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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
$31.64
Price spread: +0.021% → −0.013%
$3.45
Slippage, 4 orders
−$9.64
Fee dYdX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$5.45
Costs to cover
0.296%
Break-even
5.8 days
Slippage from dYdX: live order book, 3 min ago; Kraken Futures: live order book, 3 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 dYdX live order book, 3 min ago0.84 bp9.2 bp −$912.2 bp −$12225.5 bp −$2,55038.6 bp −$19.3K
Sell Kraken Futures live order book, 3 min ago0.42 bp7.6 bp −$88.9 bp −$8914.1 bp −$1,40521.7 bp −$10.8K

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−0.0275%1h118.84+0.027%$37K$17K25xas long as short
Derive SOL-PERP−0.0107%1h118.77−0.036%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h118.83+0.013%$842$8K25xas long as short
Vest SOL-PERP−0.0065%1h118.83+0.013%$723K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h118.87+0.045%$112K150xas long as short
dYdX SOL-USDlong−0.0001%1h118.81long leg$4.9M$27.2M20x
Kalshi KXSOLPERP0.0000%8h118.90+0.074%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.87+0.049%$177K$4.0M8.3xas long as short
Phoenix SOL+0.0054%1h118.97+0.132%$6.5M$13.6M25xas long as short
Hibachi SOL/USDT-P+0.0056%1h118.96+0.124%$118K$613K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0069%8h118.86+0.043%$1.0M$5.9M100xas long as short
Aftermath Perps SOLUSD+0.0070%1h119.11+0.252%$24K$47K20xas long as short
01 Exchange SOLUSD+0.0072%1h118.82+0.006%$104K$155K20xas long as short
BingX SOL-USDC+0.0080%8h118.79−0.019%$10.5Mas long as short
HTX SOL-USDT+0.0080%8h118.75−0.055%$231.2M$45.0M75xas long as short
Deribit SOL_USDC-PERPETUAL+0.0082%1h118.90+0.074%$26.6M$27.7M50xas long as short
Gate SOL_USDT+0.0089%8h118.82+0.006%$867.8M$688.0M100xas long as short
Lighter SOL+0.0096%1h118.83+0.017%$13.6M$56.0M25xas long as short
Lighter RH SOL+0.0096%1h118.81+0.001%$2.2M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h118.85+0.029%$352K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h118.78−0.029%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.79−0.020%$46K$798K20xas long as short
Nado SOL-PERP+0.0100%1h118.88+0.060%$6.0M$41.7M40xas long as short
Hyperliquid SOL+0.0100%1h118.93+0.098%$716.3M$417.8M20xas long as short
Aster SOLUSDT+0.0100%8h118.83+0.010%$177.9M$176.7M100xas long as short
Pacifica SOL+0.0100%1h118.85+0.031%$12.3M$118.5M20xas long as short
Binance SOLUSDT+0.0100%8h118.82+0.002%$979.1M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h118.83+0.014%$826.0M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.80−0.011%$371.3M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.78−0.028%$233K$884K10xas long as short
Arcus SOL-USD+0.0100%1h118.85+0.029%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.85+0.031%$133.1M$7.6M20xas long as short
MEXC SOL_USDT+0.0100%8h118.80−0.011%$453.5M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.80−0.012%$139.5M$202.1M75xas long as short
Bitget SOLUSDT+0.0100%8h118.81−0.001%$494.6M$456.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.84+0.022%$24.1M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h119.22+0.342%$27.3M$128.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.00+0.160%$95.6M$399.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.97+0.132%$48.7M$31.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h118.93+0.099%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h118.98+0.140%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.85+0.031%$362K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.85+0.027%$200K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.85+0.029%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.85+0.031%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.85+0.031%$46.4M$102.5M50xas long as short
Extended SOL-USD+0.0104%1h118.78−0.032%$8.7M$36.3M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h118.87+0.047%$8.2M$415.5M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.85+0.032%$224.6M500xas long as short
Kraken Futures PF_SOLUSDshort+0.0150%1h118.84+0.021%$32.6M$97.0M100x
GMX SOL/USD [SOL-USDC]L +0.0170% / S −0.0072%1h118.86+0.039%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h118.84+0.023%$1.1M$552K25xas long as short
RISEx SOL/USDC+0.0192%1h118.83+0.018%$1.7M$5.8M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.38+0.477%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h118.81−0.003%$52.0M$82.7M125xas long as short