Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Katana Perps against StandX−0.109%7-day average −0.062% · you buy dearer than you sell

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

Long on StandX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days+0.163%+$16 · spread now −0.109%, 7d avg −0.062%

Together, before fees+0.158%+ Points / potential airdropStandX: Active · farm board+$16 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: Katana Perps is 0.047% cheaper against StandX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SOL-USD	119.35	0.0100	pay 0.0013% / 1h	22m 44s	$1.4M	$13.4M	30x
Short	Katana Perps SOL-USD	119.22	0.0100	get 0.0100% / 8h	1h 22m	$47K	$796K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against StandX. 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 StandXbpFee Katana PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$0.04
Price spread: −0.109% → −0.062%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$16.53
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 1 min ago; Katana Perps: no order-book sample. 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 StandX live order book, 1 min ago	5.87 bp	10.5 bp −$11	10.8 bp −$108	17.9 bp −$1,785	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana 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
Bluefin SOL-PERP	−0.0487%	1h	119.25	−0.084%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.15	−0.167%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.30	−0.044%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.23	−0.098%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0005% / S +0.0004%	1h	119.27	−0.069%	$106K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.25	−0.080%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.31	−0.031%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.26	−0.075%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.40	+0.042%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.18	−0.142%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0066%	1h	119.29	−0.047%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.26	−0.075%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0071%	1h	119.31	−0.034%	$26.7M	$27.7M	50x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.30	−0.042%	$104K	$154K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.24	−0.090%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.27	−0.070%	$232.2M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	119.21	−0.117%	$870.7M	$684.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.26	−0.072%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.25	−0.087%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.20	−0.126%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.16	−0.158%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USDshort	+0.0100%	8h	119.22	−0.109%	$47K	$796K	20x
Nado SOL-PERP	+0.0100%	1h	119.28	−0.063%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	+0.008%	$719.1M	$416.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	−0.067%	$178.5M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.26	−0.075%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.29	−0.050%	$985.5M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.32	−0.025%	$825.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.29	−0.050%	$371.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	−0.092%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	−0.030%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.162%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.24	−0.092%	$454.4M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.27	−0.068%	$140.2M	$202.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.25	−0.082%	$495.5M	$455.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.27	−0.067%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.27	−0.067%	$27.9M	$128.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.172%	$95.7M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	+0.017%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.24	−0.092%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USDlong	+0.0100%	1h	119.35	long leg	$1.4M	$13.4M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	119.27	−0.067%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.070%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.078%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.25	−0.084%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.27	−0.067%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.20	−0.128%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.30	−0.046%	$8.1M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.22	−0.107%	—	$223.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.25	−0.085%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0068%	1h	119.27	−0.071%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.25	−0.087%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.32	−0.028%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.025%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.26	−0.075%	$52.2M	$82.8M	125x	as long as short