Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.054%

Price spread now: Hotstuff against KuCoin−0.055%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.055% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	118.87	0.0089	pay 0.0089% / 8h	2h 49m	$144.3M	$197.6M	75x
Short	Hotstuff SOL-PERP	118.81	−0.0080	pay 0.0010% / 1h	49m 40s	$842	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$35.49
Price spread: −0.055% → 0.000%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$57.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.

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	0.13 bp	7.1 bp −$7	10.1 bp −$101	16.5 bp −$1,654	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.161%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.74	−0.112%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.79	−0.067%	—	$726K	20x	as long as short
Hotstuff SOL-PERPshort	−0.0080%	1h	118.81	−0.055%	$842	$8K	25x
Aftermath Perps SOLUSD	−0.0067%	1h	118.96	+0.073%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	−0.020%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.85	−0.018%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.022%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.90	+0.024%	$180K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	118.85	−0.014%	$26.7M	$27.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0042%	1h	118.93	+0.046%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.83	−0.038%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.88	+0.008%	$104K	$153K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.74	−0.106%	$231.4M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0081%	8h	118.78	−0.077%	$857.8M	$675.2M	100x	as long as short
KuCoin SOLUSDTMlong	+0.0089%	8h	118.87	long leg	$144.3M	$197.6M	75x
Lighter SOL	+0.0096%	1h	118.79	−0.066%	$13.4M	$53.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.85	−0.019%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.85	−0.020%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.77	−0.085%	$1.0M	$524K	50x	as long as short
Bitget SOLUSDT	+0.0099%	8h	118.76	−0.093%	$495.7M	$450.5M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.79	−0.068%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.83	−0.037%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.96	+0.075%	$717.5M	$424.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	−0.024%	$179.2M	$174.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.82	−0.041%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.79	−0.068%	$973.7M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.81	−0.050%	$821.3M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	−0.093%	$368.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.009%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	−0.040%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.009%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.78	−0.077%	$466.9M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.79	−0.068%	—	$372.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.82	−0.043%	$24.2M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.013%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.032%	$95.5M	$396.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	+0.218%	$48.7M	$33.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.86	−0.009%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.89	+0.016%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.80	−0.060%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	−0.036%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.88	+0.004%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.79	−0.068%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.83	−0.034%	$46.4M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.73	−0.116%	$8.6M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.84	−0.024%	$8.1M	$414.5M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	118.85	−0.020%	$123K	$622K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.91	+0.029%	—	$218.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.109%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.81	−0.051%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.82	−0.045%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.051%	$51.7M	$90.6M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.80	−0.056%	$36.1M	$90.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.82	−0.040%	$3.5M	—	200x	as long as short