Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.002%

Price spread now: SoDEX against KuCoin−0.017%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.017%, 7d avg −0.022%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	116.57	0.0100	pay 0.0100% / 8h	39m 04s	$132.3M	$233.9M	75x
Short	SoDEX SOL-USD	116.55	0.0017	get 0.0002% / 1h	39m 04s	$6.1M	$11.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$17.38
Price spread: −0.017% → −0.022%: $0.47
Slippage, 4 orders: −$2.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$39.81
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; SoDEX: 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, 10 min ago	0.04 bp	7.8 bp −$8	9.8 bp −$98	16.8 bp −$1,675	doesn't fit
Sell SoDEX live order book, 5 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	16.0 bp −$1,604	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.61	+0.032%	$32.5M	$106.4M	100x	as long as short
Hibachi SOL/USDT-P	−0.0144%	1h	116.65	+0.071%	$96K	$682K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.52	−0.043%	$736.2M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0095%	1h	116.53	−0.033%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.59	+0.016%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.240%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0048%	1h	116.57	−0.003%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.57	−0.001%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.60	+0.026%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.60	+0.026%	$106K	$3.5M	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	+0.0007%	1h	116.56	−0.011%	$4.3M	$23.6M	20x	as long as short
Lighter RH SOL	+0.0016%	1h	116.55	−0.019%	$2.1M	$16.7M	25x	as long as short
SoDEX SOL-USDshort	+0.0017%	1h	116.55	−0.017%	$6.1M	$11.0M	20x
Bitget SOLUSDT	+0.0025%	8h	116.54	−0.027%	$481.0M	$457.4M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.53	−0.034%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.58	+0.004%	$8.0M	$401.5M	50x	as long as short
Aster SOLUSDT	+0.0058%	8h	116.52	−0.045%	$176.9M	$168.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0074%	8h	116.56	−0.011%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0084%	1h	116.63	+0.051%	$26.4M	$21.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.48	−0.075%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.56	−0.008%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.50	−0.062%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.47	−0.086%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.58	+0.009%	$5.4M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	+0.069%	$703.4M	$405.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.55	−0.013%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.54	−0.026%	$965.8M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.54	−0.026%	$369.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	+0.060%	$218K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	−0.057%	$892K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.56	−0.009%	$852.0M	$661.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.009%	$368.2M	$1.06B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	116.57	long leg	$132.3M	$233.9M	75x
BingX SOL-USDC	+0.0100%	8h	116.51	−0.052%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.55	−0.017%	$23.0M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.64	+0.062%	$25.0M	$108.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.64	+0.061%	$93.6M	$405.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.69	+0.103%	$47.7M	$29.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.129%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.67	+0.086%	$1.3M	$11.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.58	+0.009%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.58	+0.011%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.59	+0.019%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.47	−0.083%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.57	+0.003%	$225.7M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.55	−0.017%	$45.3M	$104.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.017%	$126.1M	$26.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	−0.053%	$8.2M	$37.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.52	−0.041%	—	$233.8M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.76	+0.163%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.55	−0.015%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.57	0.000%	$51.9M	$66.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.58	+0.008%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0480%	1h	116.67	+0.088%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.56	−0.012%	$2.1M	$4.8M	20x	as long as short