Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.012%

Price spread now: Kraken Futures against Orderly+0.028%7-day average −0.009% · you sell dearer than you buy

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

Long on Orderly Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.028%, 7d avg −0.009%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	118.50	0.0076	pay 0.0076% / 8h	5m 24s	$1.0M	$5.9M	100x
Short	Kraken Futures PF_SOLUSD	118.53	0.0106	get 0.0013% / 1h	5m 24s	$32.5M	$96.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now +0.028%Rate

Funding earned: $6.17
Price spread: +0.028% → −0.009%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$6.13
Costs to cover: 0.160%
Break-even: 14.0 days

Slippage unknown: Orderly: no order-book sample; Kraken Futures: 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	1.26 bp	7.2 bp −$7	9.2 bp −$92	13.9 bp −$1,395	24.3 bp −$12.2K

Orderly: 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
Derive SOL-PERP	−0.0100%	1h	118.41	−0.074%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	+0.017%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.51	+0.010%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.56	+0.058%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.57	+0.062%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.56	+0.056%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.55	+0.046%	$174K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0007%	1h	118.55	+0.046%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0010%	1h	118.57	+0.066%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.50	+0.004%	$865.5M	$688.1M	100x	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_USDClong	+0.0076%	8h	118.50	long leg	$1.0M	$5.9M	100x
HTX SOL-USDT	+0.0078%	8h	118.48	−0.010%	$230.6M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.57	+0.063%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.52	+0.019%	—	$373.0M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.52	+0.017%	$120K	$631K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.49	−0.002%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.50	0.000%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.48	−0.017%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.56	+0.058%	$8.1M	$415.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.54	+0.035%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.53	+0.030%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	+0.046%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.68	+0.156%	$717.6M	$407.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.54	+0.036%	$178.2M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.54	+0.038%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.56	+0.055%	$977.6M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.58	+0.072%	$821.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.54	+0.038%	$370.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.046%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.60	+0.089%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	+0.128%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.56	+0.055%	$428.1M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.57	+0.062%	$137.1M	$206.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.55	+0.044%	$491.7M	$458.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.54	+0.038%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.013%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.60	+0.087%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	+0.122%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	+0.072%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.55	+0.046%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.55	+0.050%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.50	+0.007%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.53	+0.026%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.53	+0.030%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.52	+0.021%	$46.4M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	+0.122%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.51	+0.010%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0106%	1h	118.53	+0.028%	$32.5M	$96.9M	100x
Aftermath Perps SOLUSD	+0.0116%	1h	118.61	+0.094%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.60	+0.090%	—	$225.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.49	−0.001%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.139%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.54	+0.034%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.57	+0.063%	$51.7M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.56	+0.053%	$1.8M	$4.8M	20x	as long as short