Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: KuCoin against Hyperliquid−0.072%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.072%, 7d avg −0.025%

Together, before fees−0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	118.65	0.0100	pay 0.0013% / 1h	10m 49s	$717.4M	$411.0M	20x
Short	KuCoin SOLUSDTM	118.56	0.0100	get 0.0100% / 8h	10m 49s	$137.6M	$206.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.025%: −$4.74
Slippage, 4 orders: −$2.77
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.51
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 13 min ago; KuCoin: live order book, 3 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 Hyperliquid live order book, 13 min ago	0.42 bp	4.9 bp −$5	5.1 bp −$51	7.5 bp −$748	doesn't fit
Sell KuCoin live order book, 3 min ago	0.04 bp	6.1 bp −$6	9.5 bp −$95	14.6 bp −$1,456	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
Derive SOL-PERP	−0.0100%	1h	118.40	−0.212%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.131%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.46	−0.160%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.49	−0.132%	$4.8M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	−0.102%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.50	−0.127%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.62	−0.029%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.49	−0.132%	$174K	$3.9M	8.3x	as long as short
Gate SOL_USDT	+0.0071%	8h	118.54	−0.093%	$864.7M	$686.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	118.50	−0.130%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0078%	8h	118.44	−0.175%	$230.5M	$45.2M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.52	−0.110%	$103K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.56	−0.073%	—	$373.3M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0083%	1h	118.53	−0.101%	$26.6M	$25.8M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.47	−0.151%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.46	−0.158%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.62	−0.029%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.45	−0.165%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.50	−0.126%	$8.1M	$415.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.52	−0.113%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.50	−0.126%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.52	−0.112%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	118.65	long leg	$717.4M	$411.0M	20x
Aster SOLUSDT	+0.0100%	8h	118.57	−0.067%	$178.3M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.54	−0.096%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.55	−0.083%	$977.0M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.57	−0.067%	$822.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.55	−0.084%	$369.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	−0.059%	$229K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.53	−0.099%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.065%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.56	−0.076%	$426.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	118.56	−0.072%	$137.6M	$206.0M	75x
Bitget SOLUSDT	+0.0100%	8h	118.55	−0.088%	$491.8M	$459.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.49	−0.135%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.145%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	−0.091%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.53	−0.104%	$48.6M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.57	−0.067%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.48	−0.143%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.47	−0.150%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.48	−0.142%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.46	−0.164%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.47	−0.152%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.48	−0.143%	$46.3M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.034%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.53	−0.099%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.49	−0.135%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0111%	1h	118.62	−0.022%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.61	−0.033%	—	$226.1M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0064%	1h	118.49	−0.136%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.219%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.46	−0.156%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.143%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.48	−0.139%	$1.8M	$4.9M	20x	as long as short