Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.004%
Price spread now: Nado against Kraken Futures+0.042%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.244% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.414%+$41 · spread now +0.042%, 7d avg +0.001%
Together, before fees+0.414%+ Points / potential airdropNado: Active · farm board+$41 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 Nado is 0.041% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SOLUSD117.33−0.0055get 0.0007% / 1h39m 45s$31.6M$98.4M100x
ShortNado SOL-PERP117.380.0100get 0.0012% / 1h39m 45s$5.8M$39.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$32.61
Price spread: +0.042% → +0.001%
$4.05
Slippage, 4 orders
−$7.4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$12.25
Costs to cover
0.244%
Break-even
4.4 days
Slippage from Kraken Futures: live order book, 4 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago1.70 bp8.8 bp −$910.2 bp −$10213.2 bp −$1,32122.6 bp −$11.3K
Sell Nado live order book, 4 min ago0.43 bp3.9 bp −$44.6 bp −$468.6 bp −$85727.4 bp −$13.7K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.39+0.050%$918$8K25xas long as short
Vest SOL-PERP−0.0059%1h117.30−0.026%$605K20xas long as short
Kraken Futures PF_SOLUSDlong−0.0055%1h117.33long leg$31.6M$98.4M100x
Derive SOL-PERP−0.0010%1h117.27−0.051%$1.9M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.34+0.008%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.38+0.044%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.41+0.071%$1.4M$19.4M3.1xas long as short
Deribit SOL_USDC-PERPETUAL+0.0048%1h117.39+0.050%$26.4M$25.2M50xas long as short
01 Exchange SOLUSD+0.0056%1h117.40+0.062%$100K$163K20xas long as short
HTX SOL-USDT+0.0061%8h117.29−0.032%$227.8M$45.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International SOL-PERP-INTX+0.0064%1h117.34+0.015%$8.0M$402.8M50xas long as short
Hibachi SOL/USDT-P+0.0072%1h117.52+0.166%$100K$691K20xas long as short
BingX SOL-USDC+0.0080%8h117.31−0.019%$10.6Mas long as short
Orderly PERP_SOL_USDC+0.0089%8h117.35+0.022%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.24−0.074%$13.0M$59.2M25xas long as short
Lighter RH SOL+0.0096%1h117.32−0.006%$2.1M$16.2M25xas long as short
Aevo SOL-PERP+0.0096%1h117.33−0.001%$344K$226K20xas long as short
Katana Perps SOL-USD+0.0100%8h117.33+0.002%$65K$839K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.39+0.057%$1.0M$516K50xas long as short
Nado SOL-PERPshort+0.0100%1h117.38+0.042%$5.8M$39.5M40x
Aster SOLUSDT+0.0100%8h117.32−0.008%$176.6M$178.1M100xas long as short
Pacifica SOL+0.0100%1h117.38+0.041%$14.5M$127.6M20xas long as short
Binance SOLUSDT+0.0100%8h117.30−0.021%$965.5M$3.73B100xas long as short
Bybit SOLUSDT+0.0100%8h117.31−0.012%$819.0M$1.24B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.29−0.032%$365.3M$1.63B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.38+0.044%$238K$848K10xas long as short
Arcus SOL-USD+0.0100%1h117.37+0.033%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h117.45+0.104%$134.7M$15.8M20xas long as short
Gate SOL_USDT+0.0100%8h117.33+0.002%$857.3M$647.5M100xas long as short
MEXC SOL_USDT+0.0100%8h117.31−0.015%$424.5M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.330.000%$129.9M$212.5M75xas long as short
Bitget SOLUSDT+0.0100%8h117.27−0.051%$486.1M$433.5M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.34+0.010%$23.6M$36.9M50xas long as short
Variational Omni SOL+0.0100%8h117.24−0.073%$24.3M$117.9Mas long as short
edgeX SOLUSDC+0.0100%4h117.40+0.062%$94.3M$398.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.46+0.113%$48.1M$28.4M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h117.39+0.050%$1.5M$5.9M50xas long as short
StandX SOL-USD+0.0100%1h117.52+0.164%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.34+0.010%$352K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.33+0.001%$200K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.31−0.011%$25K$27K25xas long as short
SunX SOL-USDT+0.0100%8h117.36+0.027%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.33+0.002%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.32−0.007%$45.7M$100.2M50xas long as short
Extended SOL-USD+0.0104%1h117.28−0.043%$8.2M$36.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.31−0.017%$220.9M500xas long as short
Phoenix SOL+0.0129%1h117.38+0.044%$6.5M$13.4M25xas long as short
RISEx SOL/USDC+0.0136%1h117.44+0.096%$1.9M$4.9M20xas long as short
Hyperliquid SOL+0.0163%1h117.40+0.062%$717.2M$391.7M20xas long as short
Reya SOLRUSDPERP+0.0190%1h117.32−0.011%$1.1M$526K25xas long as short
Injective SOL/USDC PERP+0.0218%1h117.38+0.044%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h117.24−0.075%$51.8M$70.9M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0232% / S −0.0170%1h117.33+0.004%$3.5M200xas long as short
Aftermath Perps SOLUSD+0.0383%1h117.40+0.061%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.39+0.053%$127K$3.8M8.3xas long as short