Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Katana Perps against Nado−0.024%7-day average −0.062% · you buy dearer than you sell

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

Long on Nado Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.024%, 7d avg −0.062%

Together, before fees+0.032%+ Points / potential airdropNado: Active · farm board+$3 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: Katana Perps is 0.038% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	119.29	0.0100	pay 0.0012% / 1h	14m 18s	$6.3M	$40.6M	40x
Short	Katana Perps SOL-USD	119.26	0.0100	get 0.0100% / 8h	7h 14m	$47K	$786K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Nado. 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 NadobpFee Katana PerpsbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.04
Price spread: −0.024% → −0.062%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$7.04
Costs to cover: 0.108%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 5 min ago; Katana 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 Nado live order book, 5 min ago	0.42 bp	3.9 bp −$4	4.2 bp −$42	9.4 bp −$938	30.4 bp −$15.2K
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana 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
Hotstuff SOL-PERP	−0.0080%	1h	119.29	+0.001%	$933	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.23	−0.045%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	119.26	−0.027%	$2.0M	$2.7M	13x	as long as short
Hibachi SOL/USDT-P	−0.0024%	1h	119.29	−0.003%	$100K	$660K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.30	+0.010%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.36	+0.062%	$32.5M	$97.0M	100x	as long as short
HTX SOL-USDT	−0.0010%	8h	119.25	−0.030%	$232.0M	$44.2M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.37	+0.071%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.37	+0.069%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.30	+0.006%	$155K	$3.8M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	119.31	+0.018%	$104K	$160K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0060%	1h	119.38	+0.078%	$26.7M	$24.8M	50x	as long as short
Bluefin SOL-PERP	+0.0078%	1h	119.34	+0.043%	$37K	$17K	25x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.35	+0.054%	—	$367.2M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.34	+0.044%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.39	+0.084%	$8.1M	$410.9M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	119.33	+0.035%	$856.4M	$670.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.35	+0.053%	$14.1M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.34	+0.044%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.35	+0.053%	$350K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.30	+0.013%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USDshort	+0.0100%	8h	119.26	−0.024%	$47K	$786K	20x
Nado SOL-PERPlong	+0.0100%	1h	119.29	long leg	$6.3M	$40.6M	40x
Hyperliquid SOL	+0.0100%	1h	119.42	+0.110%	$727.7M	$397.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.32	+0.026%	$180.3M	$176.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.33	+0.035%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.36	+0.057%	$982.7M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.40	+0.094%	$828.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.34	+0.043%	$371.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.12	−0.141%	$233K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.18	−0.089%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.445%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.35	+0.052%	$433.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.34	+0.047%	$139.1M	$203.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.33	+0.038%	$494.9M	$439.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.29	+0.001%	$24.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.094%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	−0.270%	$95.6M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	−0.142%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.04	−0.208%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.17	−0.099%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	+0.010%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.33	+0.039%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.021%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.35	+0.052%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.36	+0.060%	$46.8M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.29	−0.001%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	−0.158%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.28	−0.008%	—	$218.8M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.30	+0.007%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.233%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.29	+0.003%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0195%	1h	119.14	−0.127%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.27	−0.015%	$51.9M	$75.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	119.36	+0.059%	$3.7M	—	200x	as long as short