Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.022%

Price spread now: Deribit against KuCoin+0.009%53s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.266% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.009%, 7d avg +0.011%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	119.79	0.0100	pay 0.0100% / 8h	54m 26s	$140.1M	$203.2M	75x
Short	Deribit SOL_USDC-PERPETUAL	119.80	0.0082	get 0.0010% / 1h	54m 26s	$26.8M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$3.71
Price spread: +0.009% → +0.011%: −$0.2
Slippage, 4 orders: −$7.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.55
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Deribit: 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 KuCoin live order book, 5 min ago	0.71 bp	9.0 bp −$9	10.9 bp −$109	16.3 bp −$1,629	doesn't fit
Sell Deribit live order book, 5 min ago	0.04 bp	4.2 bp −$4	4.9 bp −$49	17.4 bp −$1,736	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
Hotstuff SOL-PERP	−0.0080%	1h	119.78	−0.008%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.72	−0.064%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.68	−0.098%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.80	+0.004%	$116K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.78	−0.015%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.67	−0.101%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.79	−0.001%	$178K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.261%	$1.5M	$6.2M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	−0.178%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.83	+0.031%	$105K	$157K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0071%	8h	119.81	+0.015%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.80	+0.008%	—	$372.0M	—	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0082%	1h	119.80	+0.009%	$26.8M	$26.1M	50x
HTX SOL-USDT	+0.0085%	8h	119.70	−0.078%	$233.0M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.79	−0.003%	$873.9M	$672.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.78	−0.007%	$13.7M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.75	−0.032%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.78	−0.015%	$129K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.74	−0.044%	$355K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.76	−0.028%	$8.3M	$419.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0099%	1h	119.51	−0.240%	$24K	$47K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.76	−0.030%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.77	−0.019%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.76	−0.028%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.89	+0.081%	$725.2M	$409.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.80	+0.009%	$179.4M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	+0.008%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.79	+0.001%	$987.1M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.82	+0.024%	$833.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.79	−0.003%	$374.1M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.094%	$234K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.82	+0.020%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.370%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.80	+0.006%	$457.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	119.79	long leg	$140.1M	$203.2M	75x
Bitget SOLUSDT	+0.0100%	8h	119.78	−0.010%	$498.7M	$456.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.74	−0.044%	$24.3M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.52	−0.229%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.46	−0.282%	$95.9M	$400.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.51	−0.237%	$49.0M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.77	−0.019%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.78	−0.011%	$371K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.79	−0.003%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.79	−0.006%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.75	−0.033%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	−0.044%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.72	−0.061%	$46.8M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.77	−0.017%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0104%	1h	119.74	−0.042%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.80	+0.010%	—	$224.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.645%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.78	−0.010%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.74	−0.044%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.85	+0.046%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0170%	1h	119.80	+0.006%	$3.6M	—	200x	as long as short