Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0091%/8h= +9.9% APRpaid last 24h +0.043%

Price spread now: KuCoin against dYdX+0.042%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.042%, 7d avg +0.018%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.024% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	116.42	0.0009	pay 0.0001% / 1h	18m 04s	$4.3M	$24.0M	20x
Short	KuCoin SOLUSDTM	116.47	0.0100	get 0.0100% / 8h	2h 18m	$126.5M	$230.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee dYdXbpFee KuCoinbpOrdersPrice spread, now +0.042%Rate

Funding earned: $19.05
Price spread: +0.042% → +0.018%: $2.42
Slippage, 4 orders: −$31.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.32
Costs to cover: 0.538%
Break-even: 18.9 days

Slippage from dYdX: 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 dYdX live order book, 1 min ago	13.31 bp	20.9 bp −$21	35.7 bp −$357	61.4 bp −$6,143	113.9 bp −$56.9K
Sell KuCoin live order book, 6 min ago	0.04 bp	7.4 bp −$7	11.2 bp −$112	19.3 bp −$1,929	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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.49	+0.061%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0136%	1h	116.29	−0.106%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0112%	8h	116.49	+0.065%	—	$369.1M	—	as long as short
Bybit SOLUSDT	−0.0107%	8h	116.45	+0.031%	$740.7M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.46	+0.040%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0056%	1h	116.44	+0.020%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0015%	1h	116.41	−0.006%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	+0.059%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.50	+0.073%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.48	+0.056%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USDlong	+0.0009%	1h	116.42	long leg	$4.3M	$24.0M	20x
01 Exchange SOLUSD	+0.0032%	1h	116.49	+0.063%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.49	+0.066%	$7.7M	$405.4M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.52	+0.090%	$480.4M	$459.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.50	+0.069%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.47	+0.044%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.46	+0.035%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.48	+0.052%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.41	−0.006%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.40	−0.012%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.46	+0.035%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.63	+0.183%	$696.7M	$406.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.49	+0.063%	$176.1M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.43	+0.010%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	+0.065%	$971.8M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.50	+0.072%	$364.4M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	−0.014%	$216K	$878K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.47	+0.050%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.485%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.46	+0.037%	$842.2M	$672.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.52	+0.089%	$355.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.47	+0.042%	$126.5M	$230.4M	75x
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	+0.072%	$23.0M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.363%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.302%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.495%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.570%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	−0.160%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.46	+0.037%	$320K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.48	+0.056%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.46	+0.038%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	+0.060%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.48	+0.054%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.34	−0.066%	$225.3M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.46	+0.037%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.43	+0.009%	$8.0M	$39.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0105%	1h	116.52	+0.089%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.49	+0.062%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.650%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.040%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.46	+0.036%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.020%	$51.7M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.47	+0.049%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.53	+0.095%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0568%	1h	116.10	−0.271%	$25K	$55K	20x	as long as short