Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.020%

Price spread now: ApeX Omni against KuCoin+0.094%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.094%, 7d avg −0.009%

Together, before fees−0.306%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.103% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.009%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	116.44	0.0100	pay 0.0100% / 8h	4h 47m	$126.1M	$216.8M	75x
Short	ApeX Omni SOLUSDT	116.55	0.0037	get 0.0005% / 1h	47m 11s	$1.3M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.094%Rate

Funding earned: −$13.2
Price spread: +0.094% → −0.009%: $10.31
Slippage, 4 orders: −$5.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.74
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: 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 KuCoin live order book, 2 min ago	0.04 bp	7.3 bp −$7	10.8 bp −$108	14.5 bp −$1,450	doesn't fit
Sell ApeX Omni live order book, 2 min ago	0.86 bp	5.9 bp −$6	8.7 bp −$87	70.5 bp −$7,045	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
Vest SOL-PERP	−0.0085%	1h	116.45	+0.009%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.47	+0.025%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	116.49	+0.046%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.38	−0.051%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	+0.067%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.52	+0.071%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.50	+0.051%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.48	+0.034%	$99K	$169K	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0037%	1h	116.55	+0.094%	$1.3M	$6.3M	50x
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.46	+0.016%	$7.5M	$403.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.43	−0.008%	$31.0M	$100.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0079%	1h	116.50	+0.056%	$26.2M	$25.3M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.47	+0.026%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.46	+0.017%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.45	+0.009%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.46	+0.018%	$341K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.50	+0.052%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.58	+0.121%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.48	+0.039%	$5.5M	$39.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	+0.120%	$706.1M	$395.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.48	+0.034%	$175.0M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.55	+0.097%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	+0.043%	$962.7M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.47	+0.026%	$791.7M	$1.33B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.54	+0.086%	$365.0M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.060%	$232K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.54	+0.082%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	+0.187%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.49	+0.043%	$845.5M	$654.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	+0.060%	$416.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	116.44	long leg	$126.1M	$216.8M	75x
Bitget SOLUSDT	+0.0100%	8h	116.51	+0.058%	$478.7M	$441.4M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.47	+0.023%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	+0.043%	$23.2M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.54	+0.090%	$24.4M	$114.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.52	+0.072%	$93.5M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	+0.036%	$47.6M	$29.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.55	+0.094%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	+0.060%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.072%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.44	0.000%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	+0.043%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.45	+0.009%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.38	−0.051%	$225.9M	$46.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.52	+0.069%	$45.5M	$101.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.39	−0.044%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.53	+0.076%	—	$228.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.103%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.57	+0.112%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.48	+0.037%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	+0.017%	$51.6M	$71.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.53	+0.074%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.55	+0.096%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0494%	1h	116.63	+0.163%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.64	+0.174%	$1.9M	$4.9M	20x	as long as short