Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h +0.004%

Price spread now: Bitget against Kraken Futures+0.054%48s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.309% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)+0.312%+$31 · spread now +0.054%, 7d avg −0.006%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.060% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	117.34	−0.0055	get 0.0007% / 1h	43m 29s	$31.5M	$98.1M	100x
Short	Bitget SOLUSDT	117.41	0.0100	get 0.0100% / 8h	5h 43m	$486.2M	$433.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: $32.6
Price spread: +0.054% → −0.006%: $5.96
Slippage, 4 orders: −$8.9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $7.66
Costs to cover: 0.309%
Break-even: 5.4 days

Slippage from Kraken Futures: live order book, 6 min ago; Bitget: live order book, 6 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, 6 min ago	2.56 bp	7.6 bp −$8	9.2 bp −$92	12.7 bp −$1,274	23.5 bp −$11.7K
Sell Bitget live order book, 6 min ago	0.04 bp	7.3 bp −$7	8.1 bp −$81	12.2 bp −$1,223	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
Hotstuff SOL-PERP	−0.0080%	1h	117.36	+0.017%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.35	+0.007%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0055%	1h	117.34	long leg	$31.5M	$98.1M	100x
Derive SOL-PERP	−0.0010%	1h	117.27	−0.060%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.32	−0.021%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.46	+0.097%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	+0.070%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDT	+0.0047%	8h	117.27	−0.065%	$227.8M	$45.6M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0056%	1h	117.39	+0.035%	$26.4M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.41	+0.056%	$100K	$163K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.37	+0.022%	$8.0M	$402.5M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.34	−0.008%	$100K	$691K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.41	+0.056%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.37	+0.021%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.47	+0.109%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.45	+0.092%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.34	−0.001%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.36	+0.013%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.45	+0.091%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.42	+0.068%	$5.8M	$39.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.47	+0.109%	$176.3M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.50	+0.132%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.40	+0.051%	$966.9M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.42	+0.062%	$820.2M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.40	+0.047%	$365.5M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.21	−0.115%	$237K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.43	+0.074%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.090%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.46	+0.098%	$858.2M	$646.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.44	+0.081%	$424.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.46	+0.101%	$130.1M	$212.2M	75x	as long as short
Bitget SOLUSDTshort	+0.0100%	8h	117.41	+0.054%	$486.2M	$433.2M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	117.36	+0.013%	$23.6M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	+0.017%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	+0.037%	$94.3M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.27	−0.068%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.48	+0.115%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	+0.030%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	+0.047%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.32	−0.022%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.33	−0.010%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.35	+0.003%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.35	+0.004%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.37	+0.022%	$45.7M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.39	+0.038%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.48	+0.113%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.183%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.47	+0.108%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0161%	1h	117.58	+0.200%	$718.0M	$393.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.40	+0.048%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.030%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.47	+0.107%	—	$70.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.31	−0.027%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0381%	1h	117.40	+0.048%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.40	+0.049%	$128K	$3.8M	8.3x	as long as short