Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.004%

Price spread now: Kraken Futures against KuCoin−0.006%7-day average −0.011% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)−0.403%−$40 · spread now −0.006%, 7d avg −0.011%

Together, before fees−0.271%−$27 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: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.131%, 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	117.78	0.0100	pay 0.0100% / 8h	5h 31m	$130.2M	$212.5M	75x
Short	Kraken Futures PF_SOLUSD	117.78	−0.0055	pay 0.0007% / 1h	31m 03s	$31.7M	$98.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$32.56
Price spread: −0.006% → −0.011%: $0.55
Slippage, 4 orders: −$10.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$64.22
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: live order book, 3 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, 8 min ago	0.77 bp	7.3 bp −$7	7.5 bp −$75	14.0 bp −$1,405	29.9 bp −$15.0K
Sell Kraken Futures live order book, 3 min ago	1.70 bp	8.8 bp −$9	10.5 bp −$105	14.3 bp −$1,426	26.6 bp −$13.3K

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	117.73	−0.040%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	117.66	−0.103%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0055%	1h	117.78	−0.006%	$31.7M	$98.4M	100x
Derive SOL-PERP	−0.0010%	1h	117.68	−0.086%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.73	−0.040%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.71	−0.061%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.74	−0.033%	$1.4M	$19.3M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.77	−0.010%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.66	−0.102%	$105K	$695K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.80	+0.019%	$8.0M	$404.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDT	+0.0070%	8h	117.77	−0.008%	—	$363.1M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0076%	1h	117.81	+0.025%	$26.5M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0088%	8h	117.72	−0.053%	$228.7M	$45.5M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.76	−0.017%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.78	−0.003%	$13.1M	$59.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.78	−0.006%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.75	−0.024%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.72	−0.053%	$66K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.78	−0.001%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.72	−0.048%	$5.8M	$39.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.78	−0.002%	$176.6M	$179.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.76	−0.015%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.78	−0.003%	$969.4M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.81	+0.020%	$826.8M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.79	+0.007%	$367.2M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.71	−0.061%	$238K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	−0.022%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.289%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.76	−0.019%	$860.1M	$649.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.79	+0.007%	$424.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	117.78	long leg	$130.2M	$212.5M	75x
Bitget SOLUSDT	+0.0100%	8h	117.77	−0.010%	$488.0M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.78	−0.002%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.052%	$24.4M	$115.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.51	−0.233%	$94.4M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.145%	$48.2M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.45	−0.279%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.56	−0.188%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.74	−0.036%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.73	−0.048%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	−0.042%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.70	−0.070%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	−0.010%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.76	−0.019%	$45.8M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.74	−0.039%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.67	−0.094%	—	$218.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.65	−0.112%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.83	+0.044%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0177%	1h	117.89	+0.096%	$720.9M	$393.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.71	−0.062%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.341%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.78	−0.002%	$51.7M	$71.5M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.77	−0.013%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.73	−0.042%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0391%	1h	117.53	−0.212%	$25K	$51K	20x	as long as short