Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.045%

Price spread now: dYdX against KuCoin+0.058%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.058%, 7d avg −0.018%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.076% dearer against KuCoin than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.018%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	117.20	0.0100	pay 0.0100% / 8h	7h 13m	$132.0M	$231.6M	75x
Short	dYdX SOL-USD	117.27	0.0073	get 0.0009% / 1h	13m 06s	$8.2M	$21.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$5.59
Price spread: +0.058% → −0.018%: $7.62
Slippage, 4 orders: −$8.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$28.19
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; dYdX: live order book, 1 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, 6 min ago	0.13 bp	7.1 bp −$7	10.6 bp −$106	16.7 bp −$1,670	doesn't fit
Sell dYdX live order book, 1 min ago	2.13 bp	7.1 bp −$7	11.9 bp −$119	23.2 bp −$2,322	53.0 bp −$26.5K

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	117.27	+0.062%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.17	−0.021%	$32.5M	$99.3M	100x	as long as short
Bybit SOLUSDT	−0.0052%	8h	117.19	−0.010%	$732.9M	$1.31B	100x	as long as short
Vest SOL-PERP	−0.0004%	1h	117.19	−0.009%	—	$517K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.18	−0.015%	$39K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.31	+0.095%	$1.3M	$18.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.19	−0.005%	$100K	$3.0M	8.3x	as long as short
Bitget SOLUSDT	+0.0022%	8h	117.22	+0.015%	$485.2M	$424.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.17	−0.022%	$8.1M	$386.3M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	117.21	+0.012%	$178.1M	$164.9M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0065%	8h	117.14	−0.046%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USDshort	+0.0073%	1h	117.27	+0.058%	$8.2M	$21.5M	20x
Phemex SOLUSDT	+0.0079%	8h	117.21	+0.010%	$45.5M	$102.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.15	−0.041%	$13.2M	$56.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.14	−0.049%	$2.2M	$15.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.13	−0.062%	$353K	$234K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.25	+0.043%	$1.0M	$554K	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0098%	1h	117.20	+0.003%	$26.4M	$20.3M	50x	as long as short
SoDEX SOL-USD	+0.0099%	1h	117.12	−0.067%	$6.1M	$11.1M	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.27	+0.061%	$48K	$841K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.22	+0.021%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.33	+0.113%	$711.7M	$392.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.27	+0.065%	$15.8M	$127.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.20	+0.002%	$966.8M	$3.64B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.22	+0.019%	$366.8M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.28	+0.070%	$219K	$821K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.27	+0.063%	$934K	$8.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.93	−0.230%	$126.5M	$25.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.19	−0.007%	$851.4M	$624.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.19	−0.007%	$418.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	117.20	long leg	$132.0M	$231.6M	75x
BingX SOL-USDT	+0.0100%	8h	117.21	+0.009%	—	$357.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.23	+0.027%	$23.3M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.15	−0.043%	$25.1M	$102.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.05	−0.122%	$94.0M	$408.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.10	−0.084%	$47.9M	$27.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.05	−0.130%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	+0.078%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.21	+0.010%	$322K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.19	−0.009%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.18	−0.017%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.15	−0.045%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.14	−0.048%	$226.8M	$47.5M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	117.17	−0.021%	$8.3M	$34.9M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	117.27	+0.061%	$101K	$181K	20x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	117.34	+0.121%	$105K	$654K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	117.25	+0.042%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.19	−0.007%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.732%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	117.14	−0.046%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.15	−0.041%	$52.1M	$59.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.19	−0.009%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0415%	1h	117.00	−0.173%	$25K	$52K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.28	+0.070%	$2.2M	$4.7M	20x	as long as short