Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.001%

Price spread now: Binance against Kraken Futures−0.021%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.021%, 7d avg +0.006%

Together, before fees+0.036%+$4 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: Binance is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	118.86	0.0105	pay 0.0013% / 1h	28m 50s	$32.5M	$97.2M	100x
Short	Binance SOLUSDT	118.84	0.0100	get 0.0100% / 8h	28m 50s	$982.1M	$3.82B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$1.1
Price spread: −0.021% → +0.006%: −$2.65
Slippage, 4 orders: −$5.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.52
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Binance: live order book, 15 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 Kraken Futures live order book, 5 min ago	2.10 bp	7.5 bp −$8	9.4 bp −$94	14.6 bp −$1,456	33.0 bp −$16.5K
Sell Binance live order book, 15 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	9.0 bp −$898	16.5 bp −$8,247

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
Hotstuff SOL-PERP	−0.0080%	1h	118.86	−0.002%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.80	−0.058%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.81	−0.045%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0017%	1h	118.90	+0.031%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.86	−0.005%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.034%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.88	+0.009%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.93	+0.053%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0038%	1h	118.99	+0.105%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.91	+0.040%	$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
01 Exchange SOLUSD	+0.0080%	1h	118.85	−0.013%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.87	+0.006%	—	$372.5M	—	as long as short
HTX SOL-USDT	+0.0086%	8h	118.79	−0.066%	$231.3M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.85	−0.013%	$862.7M	$680.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.84	−0.018%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	−0.039%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.93	+0.052%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.88	+0.011%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.89	+0.017%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.89	+0.017%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.82	−0.038%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.050%	$6.1M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.95	+0.072%	$719.8M	$412.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	−0.021%	$178.0M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.91	+0.037%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	118.84	−0.021%	$982.1M	$3.82B	100x
Bybit SOLUSDT	+0.0100%	8h	118.86	−0.002%	$825.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.84	−0.021%	$372.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.038%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.025%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.055%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.88	+0.013%	$433.3M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.89	+0.019%	$138.5M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.82	−0.035%	$492.6M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	+0.013%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.123%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	+0.084%	$95.6M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.063%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.94	+0.063%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	−0.038%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.84	−0.019%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.89	+0.024%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	−0.008%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.87	+0.004%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.86	−0.004%	$46.5M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.08	+0.181%	$6.6M	$13.7M	25x	as long as short
Aftermath Perps SOLUSD	+0.0104%	1h	119.06	+0.165%	$24K	$47K	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.85	−0.010%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0105%	1h	118.86	long leg	$32.5M	$97.2M	100x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.89	+0.024%	—	$225.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0067%	1h	118.86	−0.007%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.618%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.82	−0.036%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.88	+0.013%	$52.1M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.86	−0.007%	$1.7M	$5.2M	20x	as long as short