Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Ondo Perps−0.025%7-day average 0.000% · you buy dearer than you sell

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

Long on Ondo Perps Short on KuCoin

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+0.083%+$8 · spread now −0.025%, 7d avg 0.000%

Together, before fees−0.014%+ Points / potential airdropOndo Perps: Active · farm board−$1 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: KuCoin is 0.025% cheaper against Ondo Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOL-USD.P	116.39	0.0100	pay 0.0013% / 1h	35m 17s	$216K	$886K	10x
Short	KuCoin SOLUSDTM	116.36	0.0100	get 0.0100% / 8h	1h 35m	$129.6M	$232.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Ondo Perps. 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 Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.52
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.04 bp	6.1 bp −$6	9.1 bp −$91	20.3 bp −$2,025	doesn't fit

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
Hibachi SOL/USDT-P	−0.0136%	1h	116.39	0.000%	$96K	$688K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.35	−0.034%	$739.9M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.42	+0.023%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.43	+0.032%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.054%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0019%	1h	116.37	−0.021%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.40	+0.010%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.44	+0.040%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.43	+0.032%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.41	+0.017%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0024%	1h	116.36	−0.026%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.40	+0.009%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0046%	8h	116.36	−0.024%	$479.2M	$461.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.42	+0.024%	$8.0M	$403.8M	50x	as long as short
Aster SOLUSDT	+0.0085%	8h	116.39	0.000%	$175.7M	$174.6M	100x	as long as short
SoDEX SOL-USD	+0.0088%	1h	116.38	−0.009%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.38	−0.009%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.40	+0.007%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.39	−0.004%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.40	+0.005%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.36	−0.026%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.035%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.47	+0.072%	$696.9M	$409.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.43	+0.030%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.37	−0.021%	$966.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.35	−0.034%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	116.39	long leg	$216K	$886K	10x
Arcus SOL-USD	+0.0100%	1h	116.39	+0.002%	$899K	$8.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.37	−0.017%	$842.8M	$667.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.37	−0.017%	$361.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.36	−0.025%	$129.6M	$232.9M	75x
BingX SOL-USDC	+0.0100%	8h	116.34	−0.042%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.41	+0.017%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	−0.030%	$24.9M	$111.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.44	+0.041%	$93.5M	$410.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.41	+0.014%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.113%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.103%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.36	−0.026%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.38	−0.011%	$237K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.39	−0.002%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.36	−0.022%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.36	−0.023%	$225.4M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.39	0.000%	$45.3M	$105.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.137%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.34	−0.041%	$8.0M	$39.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.46	+0.063%	$26.4M	$21.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.42	+0.023%	—	$237.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.095%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.55	+0.137%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.36	−0.028%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.043%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.38	−0.005%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.45	+0.054%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0497%	1h	116.49	+0.090%	$25K	$56K	20x	as long as short