Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.027%

Price spread now: KuCoin against ApeX Omni−0.094%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.094%, 7d avg +0.008%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.103% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.008%). If the spread goes back, that is −$10 on $10k: about 7.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.244% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	117.69	0.0055	pay 0.0007% / 1h	15m 23s	$1.5M	$6.0M	50x
Short	KuCoin SOLUSDTM	117.58	0.0100	get 0.0100% / 8h	6h 15m	$130.6M	$210.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.094%Rate

Funding earned: $9.51
Price spread: −0.094% → +0.008%: −$10.25
Slippage, 4 orders: −$6.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.47
Costs to cover: 0.287%
Break-even: 28.7 days

Slippage from ApeX Omni: live order book, 4 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 ApeX Omni live order book, 4 min ago	0.43 bp	5.4 bp −$5	8.5 bp −$85	67.8 bp −$6,783	doesn't fit
Sell KuCoin live order book, 4 min ago	0.04 bp	9.5 bp −$9	12.0 bp −$120	19.8 bp −$1,983	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.53	−0.135%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	117.51	−0.155%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	−0.102%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.105%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.54	−0.127%	$1.4M	$20.8M	3.1x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	117.62	−0.062%	$100K	$691K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0015%	1h	117.60	−0.073%	$26.4M	$25.6M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.56	−0.111%	$1.9M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.50	−0.165%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.58	−0.093%	$31.6M	$99.0M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDTlong	+0.0055%	1h	117.69	long leg	$1.5M	$6.0M	50x
Gate SOL_USDT	+0.0057%	8h	117.57	−0.102%	$850.1M	$664.6M	100x	as long as short
HTX SOL-USDT	+0.0063%	8h	117.47	−0.183%	$228.3M	$45.6M	75x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.59	−0.087%	$8.0M	$408.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.58	−0.097%	—	$370.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.57	−0.100%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.52	−0.144%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.51	−0.153%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.56	−0.110%	$103K	$157K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.57	−0.098%	$345K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.56	−0.114%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.144%	$64K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.54	−0.127%	$5.8M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.56	−0.110%	$176.4M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.109%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.57	−0.106%	$968.6M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.59	−0.085%	$819.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	−0.093%	$365.8M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.153%	$238K	$890K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.55	−0.123%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	−0.140%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.59	−0.085%	$424.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	117.58	−0.094%	$130.6M	$210.9M	75x
Bitget SOLUSDT	+0.0100%	8h	117.55	−0.119%	$487.3M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.53	−0.136%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.142%	$24.3M	$121.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.63	−0.048%	$94.5M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.76	+0.058%	$48.2M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.54	−0.127%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.55	−0.119%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.57	−0.105%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.56	−0.114%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.54	−0.131%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.57	−0.102%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.55	−0.119%	$45.8M	$101.4M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.76	+0.059%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.54	−0.126%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0108%	1h	117.69	0.000%	$719.9M	$400.7M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.54	−0.131%	—	$225.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.56	−0.114%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.153%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.57	−0.103%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.69	+0.002%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.52	−0.149%	$128K	$3.9M	8.3x	as long as short