Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Katana Perps against SunX−0.045%7-day average +0.012% · you buy dearer than you sell

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

Long on SunX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.543%+$54 · spread now −0.045%, 7d avg +0.012%

Together, before fees+0.546%+$55 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 0.057% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	116.70	0.0100	pay 0.0100% / 8h	4h 52m	$190K	$1.8M	30x
Short	Katana Perps SOL-USD	116.65	0.0100	get 0.0100% / 8h	4h 52m	$50K	$845K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against SunX. 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 SunXbpFee Katana PerpsbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$0.04
Price spread: −0.045% → +0.012%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$17.55
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 13 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 SunX live order book, 13 min ago	4.43 bp	21.2 bp −$21	35.7 bp −$357	doesn't fit	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
ApeX Omni SOLUSDT	−0.0435%	1h	116.33	−0.320%	$1.7M	$6.0M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.68	−0.018%	$912	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	116.64	−0.050%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0008%	1h	116.68	−0.019%	$103K	$700K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.022%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.62	−0.071%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.71	+0.010%	$1.4M	$18.7M	3.1x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.68	−0.023%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.71	+0.006%	$100K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.73	+0.025%	$7.6M	$404.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.72	+0.017%	$30.8M	$100.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.74	+0.029%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.61	−0.077%	$13.0M	$59.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.64	−0.050%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	+0.002%	$342K	$233K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.65	−0.045%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USDshort	+0.0100%	8h	116.65	−0.045%	$50K	$845K	20x
Nado SOL-PERP	+0.0100%	1h	116.68	−0.020%	$5.5M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.79	+0.075%	$707.6M	$395.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.73	+0.019%	$175.4M	$181.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.66	−0.036%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.61	−0.080%	$961.4M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.55	−0.131%	$792.8M	$1.33B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.60	−0.088%	$364.8M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	−0.080%	$232K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.69	−0.008%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	−0.039%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.72	+0.015%	$848.8M	$652.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.62	−0.071%	$415.4M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.67	−0.032%	$126.5M	$216.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.65	−0.043%	$481.7M	$438.7M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	−0.009%	—	$364.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.72	+0.015%	$23.3M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.68	−0.023%	$24.4M	$115.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.71	+0.003%	$93.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.56	−0.120%	$47.6M	$29.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.62	−0.071%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.011%	$332K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.71	+0.009%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.69	−0.013%	$25K	$29K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	116.70	long leg	$190K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	116.71	+0.006%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.61	−0.081%	$226.3M	$46.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.75	+0.040%	$45.6M	$101.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.65	−0.042%	$8.0M	$36.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	+0.001%	—	$221.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0128%	1h	116.78	+0.067%	$26.3M	$25.2M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.734%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.76	+0.049%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.67	−0.026%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	+0.006%	$51.9M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.73	+0.023%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.72	+0.018%	$128K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0459%	1h	116.81	+0.093%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.76	+0.050%	$1.9M	$4.9M	20x	as long as short