Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Katana Perps+0.020%7-day average −0.011% · you sell dearer than you buy

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

Long on Katana Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.020%, 7d avg −0.011%

Together, before fees−0.073%−$7 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: SunX is 0.031% dearer against Katana Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	116.68	0.0100	pay 0.0100% / 8h	41m 58s	$66K	$909K	20x
Short	SunX SOL-USDT	116.70	0.0100	get 0.0100% / 8h	41m 58s	$190K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Katana Perps. 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 Katana PerpsbpFee SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.1
Price spread: +0.020% → −0.011%: $3.11
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.59
Costs to cover: 0.118%
Break-even: 591.3 days

Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 4 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 Katana Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	3.00 bp	22.2 bp −$22	32.5 bp −$325	doesn't fit	doesn't fit

Katana Perps: 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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.74	+0.051%	$32.5M	$106.3M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.72	+0.031%	$96K	$681K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.68	−0.001%	$737.3M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0095%	1h	116.63	−0.040%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.006%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.146%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.69	+0.007%	—	$631K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.75	+0.060%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.67	−0.006%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.73	+0.040%	$106K	$3.5M	8.3x	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	+0.0008%	1h	116.70	+0.015%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.71	+0.023%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0027%	8h	116.69	+0.005%	$481.5M	$457.9M	100x	as long as short
SoDEX SOL-USD	+0.0032%	1h	116.71	+0.026%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.74	+0.051%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.73	+0.043%	$8.0M	$402.1M	50x	as long as short
Aster SOLUSDT	+0.0061%	8h	116.69	+0.009%	$177.2M	$168.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	116.72	+0.033%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.79	+0.097%	$26.5M	$22.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.70	+0.020%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.72	+0.035%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.70	+0.015%	$352K	$256K	20x	as long as short
Katana Perps SOL-USDlong	+0.0100%	8h	116.68	long leg	$66K	$909K	20x
Nado SOL-PERP	+0.0100%	1h	116.69	+0.010%	$5.4M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	+0.127%	$704.4M	$408.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	+0.057%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	+0.019%	$967.1M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	+0.017%	$369.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.026%	$217K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	+0.036%	$900K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.111%	$125.5M	$25.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.70	+0.017%	$851.8M	$660.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.66	−0.017%	$368.0M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.70	+0.014%	$132.5M	$233.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.72	+0.030%	—	$373.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.73	+0.043%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.71	+0.028%	$25.0M	$108.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.039%	$93.7M	$406.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	+0.031%	$47.8M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	+0.021%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.67	−0.009%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	+0.034%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.74	+0.048%	$243K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	+0.056%	$27K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.70	+0.020%	$190K	$1.7M	30x
HTX SOL-USDT	+0.0100%	8h	116.70	+0.020%	$225.9M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	+0.017%	$45.4M	$104.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.65	−0.022%	$8.2M	$37.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.73	+0.039%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.80	+0.103%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.70	+0.017%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.017%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.75	+0.060%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0480%	1h	116.74	+0.052%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.81	+0.113%	$2.1M	$4.8M	20x	as long as short