Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.001%

Price spread now: KuCoin against 01 Exchange+0.110%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.110%, 7d avg −0.023%

Together, before fees−0.139%−$14 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 KuCoin is 0.132% dearer against 01 Exchange than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	118.57	0.0080	pay 0.0010% / 1h	4m 54s	$104K	$158K	20x
Short	KuCoin SOLUSDTM	118.70	0.0100	get 0.0100% / 8h	4m 54s	$137.3M	$206.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $4.2
Price spread: +0.110% → −0.023%: $13.21
Slippage, 4 orders: −$10.51
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.09
Costs to cover: 0.295%
Break-even: 27.2 days

Slippage from 01 Exchange: live order book, 9 min ago; KuCoin: live order book, 4 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 01 Exchange live order book, 9 min ago	0.84 bp	5.8 bp −$6	9.0 bp −$90	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.72 bp	9.0 bp −$9	10.9 bp −$109	15.5 bp −$1,546	doesn't fit

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	118.48	−0.078%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	−0.046%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.51	−0.054%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.56	−0.006%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.57	−0.001%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.57	−0.003%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.55	−0.018%	$174K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0007%	1h	118.55	−0.017%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0029%	1h	118.63	+0.052%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.66	+0.076%	$867.3M	$688.2M	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_USDC	+0.0077%	8h	118.57	0.000%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.53	−0.037%	$230.7M	$45.1M	75x	as long as short
01 Exchange SOLUSDlong	+0.0080%	1h	118.57	long leg	$104K	$158K	20x
BingX SOL-USDT	+0.0080%	8h	118.69	+0.099%	—	$373.1M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.52	−0.046%	$120K	$631K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.56	−0.008%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.55	−0.017%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.57	−0.003%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.60	+0.023%	$8.1M	$415.6M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.54	−0.028%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.53	−0.034%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.017%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.68	+0.093%	$717.6M	$407.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.68	+0.093%	$178.3M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.54	−0.025%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.68	+0.095%	$978.7M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.71	+0.121%	$823.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.70	+0.110%	$370.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.110%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.60	+0.026%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	+0.065%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.68	+0.093%	$428.3M	$1.14B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	118.70	+0.110%	$137.3M	$206.8M	75x
Bitget SOLUSDT	+0.0100%	8h	118.67	+0.081%	$492.3M	$458.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.60	+0.025%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.077%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.60	+0.024%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	+0.059%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	+0.008%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.55	−0.017%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.55	−0.013%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.55	−0.017%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.55	−0.019%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.57	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.57	0.000%	$46.4M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	+0.059%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.64	+0.061%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.58	+0.012%	$32.5M	$96.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.61	+0.031%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.55	−0.014%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.57	−0.003%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.076%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.54	−0.029%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.59	+0.017%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.56	−0.010%	$1.8M	$4.8M	20x	as long as short