Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.001%

Price spread now: Coinbase International against KuCoin+0.026%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.026%, 7d avg +0.004%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.022% dearer against KuCoin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of +0.004%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	116.47	0.0100	pay 0.0100% / 8h	1h 37m	$129.1M	$232.6M	75x
Short	Coinbase International SOL-PERP-INTX	116.50	0.0048	get 0.0006% / 1h	37m 23s	$8.0M	$404.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.92
Price spread: +0.026% → +0.004%: $2.18
Slippage, 4 orders: −$3.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.56
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Coinbase International: 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	9.1 bp −$9	11.8 bp −$118	19.1 bp −$1,909	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.04 bp	5.4 bp −$5	7.1 bp −$71	12.6 bp −$1,264	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
Hibachi SOL/USDT-P	−0.0136%	1h	116.41	−0.049%	$96K	$686K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.46	−0.007%	$740.3M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.47	+0.003%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.50	+0.026%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.40	−0.058%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0016%	1h	116.45	−0.012%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.42	−0.039%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.49	+0.019%	$1.5M	$19.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.45	−0.017%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.47	+0.002%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.45	−0.015%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.52	+0.045%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0047%	8h	116.46	−0.004%	$479.7M	$462.0M	100x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0048%	1h	116.50	+0.026%	$8.0M	$404.5M	50x
SoDEX SOL-USD	+0.0086%	1h	116.47	+0.002%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0087%	8h	116.47	+0.002%	$175.8M	$174.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	116.54	+0.060%	$26.4M	$21.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.47	+0.004%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.48	+0.007%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.45	−0.015%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.49	+0.018%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.43	−0.033%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	+0.004%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.59	+0.105%	$697.6M	$409.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.50	+0.024%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.48	+0.013%	$967.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.46	−0.007%	$368.8M	$1.78B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.41	−0.050%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	+0.027%	$900K	$8.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	+0.010%	$843.8M	$667.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	+0.010%	$362.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	116.47	long leg	$129.1M	$232.6M	75x
BingX SOL-USDT	+0.0100%	8h	116.47	+0.006%	—	$372.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.43	−0.033%	$23.0M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.51	+0.040%	$24.9M	$111.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.40	−0.058%	$93.4M	$409.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.063%	$47.7M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.148%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.033%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.010%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.48	+0.014%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.48	+0.007%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.48	+0.014%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.43	−0.036%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.42	−0.041%	$45.3M	$105.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.070%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.43	−0.033%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	−0.010%	—	$236.9M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.027%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.55	+0.070%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.012%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.51	+0.036%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.49	+0.022%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.080%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0498%	1h	116.55	+0.073%	$25K	$56K	20x	as long as short