Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.005%

Price spread now: OKX against Kraken Futures−0.079%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

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

costs, in and out, $10k−$250.252% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.079%, 7d avg −0.013%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.065% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.013%). If the spread goes back, that is −$7 on $10k: about 4.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.119%, 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	118.07	0.0049	pay 0.0006% / 1h	24m 41s	$31.7M	$98.8M	100x
Short	OKX SOL-USDT-SWAP	117.98	0.0100	get 0.0100% / 8h	6h 24m	$366.7M	$1.68B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $10.68
Price spread: −0.079% → −0.013%: −$6.53
Slippage, 4 orders: −$5.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.06
Costs to cover: 0.252%
Break-even: 20.8 days

Slippage from Kraken Futures: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.85 bp	6.7 bp −$7	9.0 bp −$90	13.6 bp −$1,360	24.3 bp −$12.2K
Sell OKX live order book, 4 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	9.8 bp −$981	22.0 bp −$11.0K

SOL on 54 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	118.07	−0.001%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0068%	1h	118.02	−0.041%	—	$607K	20x	as long as short
Hibachi SOL/USDT-P	−0.0032%	1h	118.16	+0.076%	$101K	$691K	20x	as long as short
Derive SOL-PERP	−0.0027%	1h	118.00	−0.065%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0003%	1h	117.89	−0.151%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.13	+0.048%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.09	+0.015%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.09	+0.017%	$1.4M	$21.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.06	−0.010%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.07	−0.003%	$2.0M	$4.7M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0046%	8h	118.04	−0.028%	$854.0M	$662.2M	100x	as long as short
HTX SOL-USDT	+0.0047%	8h	118.07	−0.001%	$229.5M	$45.5M	75x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0049%	1h	118.07	long leg	$31.7M	$98.8M	100x
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.09	+0.015%	$8.0M	$410.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0074%	1h	118.12	+0.037%	$26.5M	$25.5M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.06	−0.015%	—	$369.7M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.09	+0.016%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.03	−0.039%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.02	−0.043%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.08	+0.006%	$104K	$159K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.08	+0.006%	$346K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.11	+0.033%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.00	−0.062%	$65K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.04	−0.031%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.04	−0.025%	$177.3M	$179.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.06	−0.014%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.02	−0.047%	$972.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.03	−0.032%	$822.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	117.98	−0.079%	$366.7M	$1.68B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	118.01	−0.053%	$239K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.07	−0.003%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	−0.062%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.97	−0.087%	$426.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.05	−0.021%	$131.7M	$210.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.04	−0.025%	$488.9M	$440.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.07	−0.002%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.14	+0.053%	$24.5M	$122.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.99	−0.071%	$94.8M	$404.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.98	−0.078%	$48.3M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.08	+0.006%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.08	+0.006%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.13	+0.045%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.08	+0.004%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.13	+0.045%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.07	−0.002%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.06	−0.011%	$46.0M	$101.6M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	−0.079%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.01	−0.050%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0107%	1h	118.15	+0.065%	$722.5M	$399.8M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.07	−0.006%	—	$226.2M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	118.07	−0.004%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	−0.172%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	118.12	+0.039%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0326%	1h	117.94	−0.115%	$25K	$51K	20x	as long as short