Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.002%

Price spread now: MEXC against Kraken Futures−0.017%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.017%, 7d avg +0.005%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	119.18	0.0223	pay 0.0028% / 1h	28m 50s	$36.0M	$89.5M	100x
Short	MEXC SOL_USDT	119.16	0.0100	get 0.0100% / 8h	2h 28m	$471.2M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$25.88
Price spread: −0.017% → +0.005%: −$2.14
Slippage, 4 orders: −$5.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$45.11
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; MEXC: live order book, 5 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	0.42 bp	7.7 bp −$8	10.5 bp −$105	16.8 bp −$1,678	34.9 bp −$17.4K
Sell MEXC live order book, 5 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$288	4.5 bp −$2,250

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.025%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	119.08	−0.088%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.06	−0.101%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	119.02	−0.130%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0003%	1h	119.03	−0.123%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.12	−0.050%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.09	−0.073%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.07	−0.096%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.05	−0.111%	$4.9M	$26.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	119.16	−0.015%	$1.1M	$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
HTX SOL-USDT	+0.0061%	8h	119.03	−0.123%	$231.9M	$43.6M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0064%	1h	119.21	+0.028%	$26.7M	$27.6M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.13	−0.042%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.09	−0.076%	$122K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	119.04	−0.117%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.16	−0.020%	—	$371.3M	—	as long as short
Gate SOL_USDT	+0.0084%	8h	119.15	−0.025%	$870.2M	$682.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.13	−0.043%	$13.6M	$54.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.11	−0.059%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.13	−0.040%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.01	−0.139%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.06	−0.101%	$46K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.08	−0.086%	$6.4M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.25	+0.059%	$719.7M	$414.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	−0.025%	$179.7M	$174.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.07	−0.091%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.16	−0.018%	$974.1M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.18	0.000%	$826.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	−0.033%	$371.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.084%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.12	−0.051%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.16	−0.017%	$471.2M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.16	−0.013%	$142.7M	$196.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.16	−0.013%	$497.4M	$448.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.15	−0.025%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.093%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.01	−0.140%	$95.6M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	−0.097%	$48.7M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.09	−0.075%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.08	−0.084%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.09	−0.078%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.13	−0.046%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.07	−0.094%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.14	−0.033%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.13	−0.042%	$46.6M	$100.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.167%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.034%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.19	+0.013%	$8.1M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.11	−0.062%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.04	−0.117%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.12	−0.052%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.08	−0.083%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.11	−0.059%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0223%	1h	119.18	long leg	$36.0M	$89.5M	100x
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.11	−0.056%	$3.6M	—	200x	as long as short