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: GRVT against Kraken Futures−0.207%75s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$270.272% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.637%+$64 · spread now −0.207%, 7d avg −0.002%

Together, before fees+0.558%+ Points / potential airdropGRVT: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.205% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.002%). If the spread goes back, that is −$20 on $10k: about 4.4 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour. The two prices were read 75 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	117.51	−0.0055	get 0.0007% / 1h	42m 01s	$31.5M	$98.1M	100x
Short	GRVT SOL_USDT_Perp	117.27	0.0100	get 0.0100% / 8h	5h 42m	$48.0M	$28.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.207%Rate

Funding earned: $32.59
Price spread: −0.207% → −0.002%: −$20.48
Slippage, 4 orders: −$8.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$15.13
Costs to cover: 0.272%
Break-even: 10.3 days

Slippage from Kraken Futures: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago	1.70 bp	8.8 bp −$9	10.2 bp −$102	13.2 bp −$1,321	22.6 bp −$11.3K
Sell GRVT live order book, 2 min ago	0.43 bp	4.9 bp −$5	4.9 bp −$49	9.8 bp −$978	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	−0.123%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.44	−0.057%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0055%	1h	117.51	long leg	$31.5M	$98.1M	100x
Derive SOL-PERP	−0.0010%	1h	117.42	−0.075%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.50	−0.008%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.46	−0.042%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.56	+0.043%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDT	+0.0055%	8h	117.49	−0.013%	$228.2M	$45.6M	75x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.54	+0.026%	$100K	$163K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0057%	1h	117.55	+0.031%	$26.4M	$25.2M	50x	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	117.55	+0.033%	$8.0M	$403.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.34	−0.148%	$100K	$691K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.33	−0.152%	—	$362.8M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.51	−0.001%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.52	+0.009%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.49	−0.014%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.50	−0.004%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.49	−0.016%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.51	−0.001%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.49	−0.012%	$5.7M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.49	−0.013%	$176.3M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.52	+0.010%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.31	−0.166%	$965.6M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.33	−0.153%	$819.2M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.29	−0.186%	$365.7M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	−0.110%	$237K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.52	+0.009%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	−0.050%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.43	−0.067%	$857.7M	$647.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.33	−0.152%	$423.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.35	−0.136%	$129.9M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.33	−0.154%	$485.9M	$433.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.49	−0.016%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	−0.123%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	−0.102%	$94.3M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	117.27	−0.207%	$48.0M	$28.4M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	117.48	−0.025%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	−0.110%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.50	−0.008%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.51	+0.004%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.48	−0.020%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.53	+0.017%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.51	+0.001%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.50	−0.008%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.32	−0.163%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.44	−0.057%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.043%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.082%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0165%	1h	117.59	+0.069%	$718.2M	$393.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.49	−0.015%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.110%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.48	−0.025%	$51.9M	$71.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.50	−0.011%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0382%	1h	117.47	−0.032%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.53	+0.020%	$128K	$3.8M	8.3x	as long as short