Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h 0.000%

Price spread now: KuCoin against Kraken Futures+0.004%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now +0.004%, 7d avg +0.011%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	119.17	−0.0014	get 0.0002% / 1h	6m 42s	$32.4M	$97.0M	100x
Short	KuCoin SOLUSDTM	119.17	0.0100	get 0.0100% / 8h	7h 06m	$139.0M	$203.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $23.94
Price spread: +0.004% → +0.011%: −$0.71
Slippage, 4 orders: −$9.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.27
Costs to cover: 0.315%
Break-even: 9.4 days

Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: 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	1.26 bp	7.1 bp −$7	8.6 bp −$86	15.1 bp −$1,510	29.4 bp −$14.7K
Sell KuCoin live order book, 2 min ago	0.59 bp	7.1 bp −$7	8.7 bp −$87	12.6 bp −$1,259	25.6 bp −$12.8K

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	−0.0082%	1h	119.11	−0.051%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.19	+0.019%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.14	−0.025%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	119.42	+0.213%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0041%	8h	119.10	−0.056%	$231.7M	$43.8M	75x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.04	−0.108%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0014%	1h	119.17	long leg	$32.4M	$97.0M	100x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.16	−0.004%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.20	+0.030%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.19	+0.020%	$125K	$3.9M	8.3x	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	+0.0040%	1h	119.18	+0.010%	$104K	$161K	20x	as long as short
Gate SOL_USDT	+0.0056%	8h	119.10	−0.057%	$854.6M	$673.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0058%	1h	119.22	+0.040%	$26.7M	$24.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.09	−0.062%	—	$366.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.20	+0.024%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.19	+0.018%	$8.1M	$409.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.07	−0.085%	$13.6M	$57.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.148%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.17	+0.003%	$349K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.21	+0.040%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.16	−0.006%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.19	+0.023%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.17	+0.002%	$729.7M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.09	−0.069%	$180.0M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.05	−0.098%	$12.2M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.01	−0.130%	$980.8M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.02	−0.121%	$827.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.94	−0.191%	$372.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.34	+0.145%	$234K	$831K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	+0.004%	$2.1M	$8.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.99	−0.149%	$434.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	119.17	+0.004%	$139.0M	$203.5M	75x
Bitget SOLUSDT	+0.0100%	8h	119.04	−0.104%	$494.2M	$438.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.17	+0.002%	$24.0M	$36.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.19	+0.015%	$24.9M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.35	+0.152%	$95.9M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.35	+0.155%	$48.9M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	+0.176%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.20	+0.027%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.006%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.15	−0.011%	$204K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.17	+0.004%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.16	−0.009%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.16	−0.006%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.17	+0.002%	$46.7M	$99.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.24	+0.056%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.06	−0.094%	$8.6M	$34.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.28	+0.094%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.20	+0.024%	—	$225.5M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.14	−0.024%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+0.279%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.13	−0.028%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.15	−0.015%	$52.0M	$74.2M	125x	as long as short
Aftermath Perps SOLUSD	+0.0230%	1h	119.23	+0.052%	$25K	$51K	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.16	−0.005%	$3.7M	—	200x	as long as short