Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against KuCoin−0.073%7-day average −0.003% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.073%, 7d avg −0.003%

Together, before fees+0.122%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.070% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	116.48	0.0100	pay 0.0100% / 8h	2h 16m	$126.7M	$230.6M	75x
Short	Ondo Perps SOL-USD.P	116.40	0.0100	get 0.0013% / 1h	16m 44s	$217K	$878K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.003%: −$7
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Ondo Perps: 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, 2 min ago	0.04 bp	7.1 bp −$7	10.8 bp −$108	16.7 bp −$1,674	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.53	+0.035%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0128%	1h	116.50	+0.009%	$104K	$693K	20x	as long as short
BingX SOL-USDC	−0.0112%	8h	116.47	−0.017%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0107%	8h	116.48	−0.004%	$740.5M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.52	+0.031%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0052%	1h	116.51	+0.019%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.45	−0.029%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	+0.032%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.55	+0.055%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.54	+0.049%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.49	+0.001%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.56	+0.064%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	+0.049%	$7.7M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.49	+0.005%	$479.9M	$460.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.53	+0.042%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.50	+0.013%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.49	+0.002%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	+0.028%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.49	+0.004%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.54	+0.049%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	+0.022%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	+0.082%	$696.6M	$406.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.51	+0.018%	$175.6M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.048%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.51	+0.021%	$971.9M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.52	+0.030%	$364.1M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	116.40	−0.073%	$217K	$878K	10x
Arcus SOL-USD	+0.0100%	1h	116.54	+0.050%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.544%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.50	+0.013%	$842.8M	$673.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	+0.021%	$354.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	116.48	long leg	$126.7M	$230.6M	75x
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	+0.004%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.421%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.360%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.071%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	−0.035%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.45	−0.030%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	+0.030%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.027%	$169K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.54	+0.044%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	+0.027%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.52	+0.030%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.53	+0.041%	$225.7M	$50.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	+0.013%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.47	−0.010%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.58	+0.081%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	+0.034%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.708%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.099%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.50	+0.009%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.50	+0.013%	$51.8M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	+0.023%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.60	+0.096%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0559%	1h	116.18	−0.260%	$25K	$55K	20x	as long as short