Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against GRVT+0.008%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.008%, 7d avg −0.005%

Together, before fees+0.081%+ Points / potential airdropGRVT: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOL_USDT_Perp	116.54	0.0100	pay 0.0100% / 8h	1h 38m	$47.7M	$30.9M	20x
Short	Kraken Futures PF_SOLUSD	116.55	−0.0072	pay 0.0009% / 1h	38m 58s	$33.0M	$105.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$36.09
Price spread: +0.008% → −0.005%: $1.22
Slippage, 4 orders: −$5.88
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$59.75
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Kraken Futures: live order book, 5 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 GRVT live order book, 5 min ago	0.43 bp	4.9 bp −$5	4.9 bp −$49	7.9 bp −$793	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.43 bp	6.1 bp −$6	8.1 bp −$81	13.3 bp −$1,325	25.8 bp −$12.9K

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
Hibachi SOL/USDT-P	−0.0128%	1h	116.47	−0.065%	$96K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.43	−0.095%	$740.7M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.44	−0.089%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0072%	1h	116.55	+0.008%	$33.0M	$105.4M	100x
Derive SOL-PERP	−0.0053%	1h	116.40	−0.121%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0014%	1h	116.45	−0.077%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	−0.051%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.46	−0.065%	$1.5M	$19.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.47	−0.058%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.46	−0.070%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.49	−0.044%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.46	−0.070%	$100K	$176K	20x	as long as short
Bitget SOLUSDT	+0.0047%	8h	116.47	−0.060%	$479.7M	$462.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.56	+0.014%	$8.0M	$404.8M	50x	as long as short
SoDEX SOL-USD	+0.0078%	1h	116.50	−0.035%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0087%	8h	116.51	−0.030%	$175.9M	$175.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.47	−0.064%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.43	−0.092%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.50	−0.040%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.49	−0.046%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.41	−0.113%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	−0.061%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.56	+0.016%	$697.4M	$409.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.46	−0.070%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.46	−0.070%	$966.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.46	−0.070%	$369.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.41	−0.113%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.43	−0.092%	$900K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.49	−0.044%	$842.8M	$667.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.47	−0.061%	$361.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.45	−0.081%	$129.1M	$232.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.42	−0.102%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.47	−0.061%	$23.0M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.51	−0.023%	$24.9M	$111.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.58	+0.035%	$93.6M	$409.8M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	116.54	long leg	$47.7M	$30.9M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.085%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.027%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	−0.053%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.47	−0.064%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.47	−0.059%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.42	−0.100%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.48	−0.050%	$225.4M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	−0.027%	$45.3M	$105.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.008%	$124.9M	$24.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	116.55	+0.012%	$26.4M	$21.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.43	−0.091%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.44	−0.090%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.035%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.51	−0.027%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.076%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.51	−0.027%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.52	−0.014%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.50	−0.035%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0497%	1h	116.56	+0.020%	$25K	$56K	20x	as long as short