SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.001%

Price spread now: Kraken Futures against Pacifica−0.065%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now −0.065%, 7d avg −0.030%

Together, before fees−0.102%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.034% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.030%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.106% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	118.74	0.0100	pay 0.0013% / 1h	39m 14s	$12.4M	$114.1M	20x
Short	Kraken Futures PF_SOLUSD	118.66	0.0224	get 0.0028% / 1h	39m 14s	$36.0M	$89.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now −0.065%Rate

Funding earned: $26.09
Price spread: −0.065% → −0.030%: −$3.44
Slippage, 4 orders: −$6.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1.67
Costs to cover: 0.243%
Break-even: 7.4 days

Slippage from Pacifica: live order book, 5 min ago; Kraken Futures: 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 Pacifica live order book, 5 min ago	0.42 bp	5.3 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.42 bp	7.4 bp −$7	9.2 bp −$92	15.7 bp −$1,574	32.1 bp −$16.0K

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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.125%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.61	−0.108%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.64	−0.090%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	+0.008%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0033%	1h	118.81	+0.058%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.70	−0.037%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.70	−0.034%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.65	−0.076%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.73	−0.006%	$26.6M	$27.7M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	118.73	−0.008%	$4.9M	$26.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0042%	1h	118.74	−0.001%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.70	−0.034%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	118.58	−0.133%	$231.0M	$43.6M	75x	as long as short
BingX SOL-USDC	+0.0070%	8h	118.71	−0.023%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.68	−0.052%	$104K	$151K	20x	as long as short
Gate SOL_USDT	+0.0082%	8h	118.65	−0.077%	$856.8M	$678.4M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.79	+0.043%	$123K	$606K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.65	−0.074%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.64	−0.085%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.67	−0.060%	$353K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0097%	8h	118.66	−0.069%	$143.4M	$196.6M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	−0.071%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.66	−0.069%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	−0.015%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.75	+0.007%	$716.0M	$412.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.64	−0.086%	$178.7M	$174.6M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	118.74	long leg	$12.4M	$114.1M	20x
Binance SOLUSDT	+0.0100%	8h	118.66	−0.069%	$970.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.69	−0.042%	$820.8M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.64	−0.086%	$369.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.76	+0.015%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	−0.018%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.67	−0.060%	$466.5M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.66	−0.068%	$495.4M	$448.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.86	+0.100%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	+0.012%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.025%	$95.3M	$397.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	+0.001%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	+0.049%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.65	−0.077%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.67	−0.056%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.68	−0.055%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.67	−0.058%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.64	−0.086%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.64	−0.086%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.027%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.65	−0.074%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.68	−0.054%	$8.1M	$413.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.67	−0.058%	—	$217.3M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.79	+0.041%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.70	−0.037%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.68	−0.052%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.65	−0.078%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.63	−0.094%	$51.6M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0224%	1h	118.66	−0.065%	$36.0M	$89.7M	100x