Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: KuCoin against Hotstuff−0.219%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.219% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.219% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 4.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	119.47	−0.0080	get 0.0010% / 1h	52m 57s	$847	$8K	25x
Short	KuCoin SOLUSDTM	119.20	0.0100	get 0.0100% / 8h	1h 52m	$140.7M	$199.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hotstuff. 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 HotstuffbpFee KuCoinbpOrdersPrice spread, now −0.219%Rate

Funding earned: $37.8
Price spread: −0.219% → 0.000%: −$21.93
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.13
Costs to cover: 0.170%
Break-even: 7.2 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	0.34 bp	7.5 bp −$8	11.3 bp −$113	15.8 bp −$1,578	28.3 bp −$14.1K

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Derive SOL-PERP	−0.0094%	1h	119.17	−0.244%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERPlong	−0.0080%	1h	119.47	long leg	$847	$8K	25x
Vest SOL-PERP	−0.0063%	1h	119.29	−0.149%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.43	−0.033%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.29	−0.146%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.41	−0.049%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.46	−0.003%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.32	−0.126%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0013%	1h	119.31	−0.132%	$26.8M	$27.6M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	−0.081%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0059%	1h	119.31	−0.131%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0065%	8h	119.28	−0.158%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.37	−0.077%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.21	−0.214%	—	$374.9M	—	as long as short
Gate SOL_USDT	+0.0093%	8h	119.19	−0.232%	$867.7M	$675.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.23	−0.201%	$13.6M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.23	−0.196%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.36	−0.090%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.24	−0.193%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.38	−0.077%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.31	−0.131%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	−0.152%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.30	−0.140%	$719.8M	$413.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.22	−0.210%	$178.7M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.44	−0.019%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.21	−0.215%	$977.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.24	−0.190%	$823.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.16	−0.257%	$371.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	−0.023%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.37	−0.082%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.346%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.22	−0.207%	$437.2M	$1.10B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	119.20	−0.219%	$140.7M	$199.3M	75x
Bitget SOLUSDT	+0.0100%	8h	119.17	−0.245%	$495.4M	$455.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.23	−0.198%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.31	−0.127%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	−0.079%	$95.9M	$397.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.47	+0.005%	$48.9M	$32.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.46	−0.006%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.49	+0.019%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	−0.140%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.168%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.28	−0.161%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.176%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.26	−0.173%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.25	−0.182%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.16	−0.256%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.27	−0.162%	$8.2M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.40	−0.059%	—	$222.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.26	−0.177%	$32.8M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.29	−0.151%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.27	−0.167%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	−0.088%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	−0.048%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.198%	$51.9M	$87.0M	125x	as long as short