Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: Kraken Futures against OKX+0.007%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.007%, 7d avg +0.012%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, 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	OKX SOL-USDT-SWAP	118.83	0.0100	pay 0.0100% / 8h	1h 10m	$371.2M	$1.71B	100x
Short	Kraken Futures PF_SOLUSD	118.84	0.0150	get 0.0019% / 1h	10m 44s	$32.6M	$97.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.007%Rate

Funding earned: $10.5
Price spread: +0.007% → +0.012%: −$0.46
Slippage, 4 orders: −$4.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$14.56
Costs to cover: 0.246%
Break-even: 16.7 days

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	6.7 bp −$674	16.3 bp −$8,131
Sell Kraken Futures live order book, 3 min ago	0.42 bp	7.6 bp −$8	8.9 bp −$89	14.1 bp −$1,405	21.7 bp −$10.8K

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
Bluefin SOL-PERP	−0.0275%	1h	118.84	+0.013%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	118.77	−0.050%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.88	+0.044%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	118.83	−0.001%	—	$723K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.87	+0.031%	$112K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	118.88	+0.045%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.060%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.87	+0.035%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	118.97	+0.118%	$6.5M	$13.6M	25x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	118.96	+0.110%	$118K	$613K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0069%	8h	118.86	+0.029%	$1.0M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0070%	1h	119.11	+0.238%	$24K	$47K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.89	+0.050%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.86	+0.027%	—	$374.8M	—	as long as short
HTX SOL-USDT	+0.0080%	8h	118.75	−0.069%	$231.2M	$45.0M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	118.90	+0.060%	$26.6M	$27.7M	50x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.82	−0.008%	$868.0M	$687.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.83	+0.003%	$13.6M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	−0.007%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.85	+0.015%	$352K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.86	+0.022%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.84	+0.008%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.88	+0.046%	$6.0M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.93	+0.084%	$716.3M	$417.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	+0.017%	$178.0M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.92	+0.072%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.85	+0.016%	$979.4M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.87	+0.034%	$826.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAPlong	+0.0100%	8h	118.83	long leg	$371.2M	$1.71B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.042%	$233K	$884K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.052%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	+0.380%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.85	+0.017%	$453.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.84	+0.013%	$139.6M	$202.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.83	+0.003%	$494.3M	$456.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.84	+0.008%	$24.1M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.22	+0.328%	$27.3M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.00	+0.146%	$95.6M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.97	+0.118%	$48.7M	$31.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.93	+0.085%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.98	+0.126%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.85	+0.017%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.85	+0.013%	$200K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	+0.015%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.85	+0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.85	+0.017%	$46.4M	$102.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.82	−0.012%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.87	+0.033%	$8.2M	$415.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.85	+0.018%	—	$224.6M	500x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0150%	1h	118.84	+0.007%	$32.6M	$97.0M	100x
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	118.86	+0.025%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	118.84	+0.009%	$1.1M	$552K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	118.88	+0.042%	$1.7M	$5.8M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.463%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.017%	$52.0M	$82.7M	125x	as long as short