Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Katana Perps against Arcus−0.029%7-day average −0.069% · you buy dearer than you sell

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

Long on Arcus Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.029%, 7d avg −0.069%

Together, before fees+0.011%+$1 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 0.040% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	119.19	0.0100	pay 0.0013% / 1h	14m 15s	$1.9M	$9.0M	20x
Short	Katana Perps SOL-USD	119.15	0.0100	get 0.0100% / 8h	1h 14m	$46K	$798K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Arcus. 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 ArcusbpFee Katana PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$0.04
Price spread: −0.029% → −0.069%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$4.39
Costs to cover: 0.083%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 5 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 Arcus live order book, 5 min ago	0.63 bp	3.3 bp −$3	4.0 bp −$40	9.0 bp −$896	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	−0.0315%	1h	119.14	−0.042%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.04	−0.124%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.16	−0.023%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.11	−0.064%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.14	−0.040%	$112K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.22	+0.032%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.19	+0.006%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.20	+0.013%	$177K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	119.18	−0.006%	$119K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.28	+0.080%	$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	+0.0067%	1h	119.24	+0.048%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	119.13	−0.044%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.17	−0.013%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.12	−0.054%	—	$374.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.08	−0.087%	$231.8M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0091%	8h	119.10	−0.071%	$869.4M	$686.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.12	−0.058%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.10	−0.071%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.12	−0.050%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.075%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USDshort	+0.0100%	8h	119.15	−0.029%	$46K	$798K	20x
Nado SOL-PERP	+0.0100%	1h	119.17	−0.008%	$6.1M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.21	+0.022%	$718.1M	$417.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.12	−0.055%	$178.4M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.20	+0.010%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.11	−0.063%	$983.7M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.14	−0.034%	$827.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.11	−0.063%	$372.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.19	+0.004%	$233K	$886K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	119.19	long leg	$1.9M	$9.0M	20x
Bulk SOL-USD	+0.0100%	1h	119.28	+0.081%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.11	−0.063%	$458.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.12	−0.055%	$140.0M	$201.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.13	−0.046%	$495.4M	$455.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.14	−0.038%	$24.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.22	+0.029%	$27.3M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.23	+0.040%	$95.8M	$401.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.17	−0.013%	$48.8M	$31.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.19	+0.005%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	−0.004%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.021%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.12	−0.054%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.15	−0.031%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.12	−0.055%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.13	−0.046%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.09	−0.083%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	−0.028%	$8.2M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	−0.020%	—	$224.1M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0125%	1h	119.18	−0.001%	$26.7M	$27.7M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.13	−0.044%	$32.7M	$96.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	119.13	−0.045%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.13	−0.045%	$1.1M	$552K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.18	−0.003%	$1.7M	$5.8M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.164%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.20	+0.013%	$52.1M	$82.8M	125x	as long as short