Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:23 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against Perpl−0.038%47s7-day average +0.028% · you buy dearer than you sell

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

Long on Perpl Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.038%, 7d avg +0.028%

Together, before fees+0.275%+ Points / potential airdropPerpl: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.066% cheaper against Perpl than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.028%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	116.19	0	get 0.0000% / 43m	33m 42s	$99K	$3.5M	8.3x
Short	KuCoin SOLUSDTM	116.15	0.0100	get 0.0100% / 8h	1m 42s	$129.2M	$236.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Perpl. 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 PerplbpFee KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: $21
Price spread: −0.038% → +0.028%: −$6.56
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$11.36
Costs to cover: 0.258%
Break-even: 10.8 days

Slippage unknown: Perpl: no order-book sample; KuCoin: live order book, 7 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 Perpl no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 7 min ago	0.82 bp	9.1 bp −$9	11.2 bp −$112	20.7 bp −$2,070	doesn't fit

Perpl: 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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.23	+0.030%	$32.3M	$106.8M	100x	as long as short
Bybit SOLUSDT	−0.0092%	8h	116.14	−0.045%	$732.7M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.32	+0.113%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.34	+0.127%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0023%	1h	116.20	+0.005%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.14	−0.049%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.21	+0.015%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.25	+0.048%	$1.4M	$19.3M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	116.19	long leg	$99K	$3.5M	8.3x
dYdX SOL-USD	+0.0008%	1h	116.20	+0.004%	$4.3M	$23.5M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0008%	1h	116.21	+0.018%	$102K	$678K	20x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.14	−0.045%	$479.4M	$455.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0036%	1h	116.25	+0.049%	$26.2M	$21.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.23	+0.033%	$7.8M	$396.8M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.15	−0.033%	$176.6M	$168.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.20	+0.006%	$1.0M	$6.1M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	116.25	+0.050%	$100K	$181K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.17	−0.015%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.16	−0.032%	$13.1M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.15	−0.040%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.19	+0.002%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.18	−0.010%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.21	+0.013%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.26	+0.059%	$695.4M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.20	+0.005%	$15.7M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.15	−0.036%	$961.3M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.15	−0.036%	$366.2M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.18	−0.010%	$217K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.18	−0.009%	$918K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.050%	$125.4M	$25.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.15	−0.036%	$843.0M	$672.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.15	−0.036%	$370.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.15	−0.038%	$129.2M	$236.7M	75x
BingX SOL-USDC	+0.0100%	8h	116.14	−0.042%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.21	+0.015%	$22.8M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.14	−0.045%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.19	−0.003%	$93.3M	$404.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.22	+0.024%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.28	+0.076%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.21	+0.015%	$1.3M	$11.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.20	+0.007%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.20	+0.009%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.21	+0.019%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.18	−0.011%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.19	−0.002%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.15	−0.035%	$224.9M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.20	+0.007%	$45.2M	$104.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.13	−0.052%	$8.2M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.23	+0.029%	—	$232.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.33	+0.119%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.17	−0.023%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.25	+0.050%	$52.0M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.21	+0.013%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0429%	1h	116.25	+0.047%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.24	+0.043%	$2.1M	$4.7M	20x	as long as short