Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.057%

Price spread now: KuCoin against Hibachi−0.076%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

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

costs, in and out, $10k−$270.272% of the position

Long on Hibachi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−1.439%−$144 · spread now −0.076%, 7d avg −0.032%

Together, before fees−1.442%+ Points / potential airdropHibachi: Active · farm board−$144 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.044% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.032%). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.57	0.0048	pay 0.0006% / 1h	4m 44s	$100K	$690K	20x
Short	KuCoin SOLUSDTM	117.48	0.0100	get 0.0100% / 8h	6h 04m	$130.4M	$211.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hibachi. 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 HibachibpFee KuCoinbpOrdersPrice spread, now −0.076%Rate

Funding earned: $10.92
Price spread: −0.076% → −0.032%: −$4.42
Slippage, 4 orders: −$6.16
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.66
Costs to cover: 0.272%
Break-even: 20.2 days

Slippage from Hibachi: live order book, 64 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 Hibachi live order book, 64 min ago	0.67 bp	6.2 bp −$6	22.3 bp −$223	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.72 bp	7.9 bp −$8	11.6 bp −$116	17.2 bp −$1,718	doesn't fit

SOL on 54 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	117.56	−0.006%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.45	−0.100%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.47	−0.086%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.47	−0.089%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.46	−0.090%	$1.4M	$20.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0004%	1h	117.49	−0.071%	$26.4M	$25.4M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.49	−0.073%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.38	−0.164%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0038%	8h	117.37	−0.169%	$228.1M	$45.4M	75x	as long as short
Hibachi SOL/USDT-Plong	+0.0048%	1h	117.57	long leg	$100K	$690K	20x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.44	−0.109%	$31.5M	$98.6M	100x	as long as short
Gate SOL_USDT	+0.0066%	8h	117.50	−0.060%	$847.4M	$667.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.48	−0.076%	$7.9M	$405.4M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.49	−0.068%	—	$10.6M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	−0.067%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.46	−0.094%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.46	−0.097%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.45	−0.104%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.49	−0.069%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.44	−0.113%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.52	−0.043%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.44	−0.111%	$67K	$846K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.43	−0.120%	$5.8M	$40.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.47	−0.085%	$176.3M	$178.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.49	−0.066%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.52	−0.043%	$968.8M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.55	−0.021%	$820.5M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.55	−0.018%	$366.2M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.128%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.47	−0.083%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.52	−0.043%	$423.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	117.48	−0.076%	$130.4M	$211.1M	75x
Bitget SOLUSDT	+0.0100%	8h	117.53	−0.039%	$487.1M	$436.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.44	−0.111%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.040%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.48	−0.074%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.36	−0.182%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.54	−0.026%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.50	−0.060%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.47	−0.087%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	−0.108%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.46	−0.092%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.46	−0.094%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	−0.077%	$45.7M	$101.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.098%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.52	−0.043%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.47	−0.083%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.48	−0.076%	—	$223.4M	500x	as long as short
Hyperliquid SOL	+0.0121%	1h	117.63	+0.050%	$717.4M	$394.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.50	−0.059%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.103%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.46	−0.094%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0351%	1h	117.52	−0.044%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.55	−0.015%	$128K	$3.8M	8.3x	as long as short