SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.15 per $10,000 · paid last 24h +0.001%

Price spread now: Kraken Futures against Bulk−0.073%7-day average −0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−0.095%−$9 · spread now −0.073%, 7d avg −0.020%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.053% cheaper against Bulk than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.020%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.021% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	119.25	0.0100	pay 0.0013% / 1h	5m 22s	$133.7M	$10.9M	20x
Short	Kraken Futures PF_SOLUSD	119.16	0.0223	get 0.0028% / 1h	5m 22s	$35.4M	$91.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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 BulkbpFee Kraken FuturesbpOrdersPrice spread, now −0.073%Rate

Funding earned: $25.89
Price spread: −0.073% → −0.020%: −$5.3
Slippage, 4 orders: −$13.63
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$10.04
Costs to cover: 0.306%
Break-even: 9.7 days

Slippage from Bulk: live order book, 4 min ago; Kraken Futures: 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 Bulk live order book, 4 min ago	4.19 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$769	13.9 bp −$6,948
Sell Kraken Futures live order book, 4 min ago	0.42 bp	7.8 bp −$8	8.2 bp −$82	13.1 bp −$1,313	24.8 bp −$12.4K

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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.134%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.13	−0.104%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	119.07	−0.150%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.02	−0.190%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.19	−0.052%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.12	−0.112%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.23	−0.018%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.10	−0.129%	$178K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.16	−0.076%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0042%	1h	119.32	+0.060%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0057%	8h	119.19	−0.051%	$232.2M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.13	−0.102%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.19	−0.053%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.14	−0.092%	$103K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.10	−0.125%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.09	−0.134%	$868.5M	$689.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.13	−0.104%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.12	−0.112%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.09	−0.135%	$353K	$747K	20x	as long as short
ApeX Omni SOLUSDT	+0.0099%	1h	119.21	−0.033%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.125%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	−0.109%	$48K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.09	−0.131%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.20	−0.040%	$719.0M	$413.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.08	−0.143%	$178.7M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.17	−0.071%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.10	−0.126%	$976.1M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.12	−0.109%	$823.6M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.08	−0.143%	$371.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.143%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.16	−0.078%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	119.25	long leg	$133.7M	$10.9M	20x
MEXC SOL_USDT	+0.0100%	8h	119.11	−0.118%	$444.8M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.10	−0.127%	$140.6M	$198.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.09	−0.130%	$496.9M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.15	−0.084%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.15	−0.084%	$27.5M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.32	+0.055%	$95.8M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.037%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	−0.059%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.10	−0.126%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.10	−0.130%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	−0.126%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.08	−0.139%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.15	−0.084%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.15	−0.084%	$46.5M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.09	−0.138%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.19	−0.052%	$8.2M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	−0.074%	—	$221.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.18	−0.059%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.12	−0.113%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.15	−0.088%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.10	−0.130%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.15	−0.084%	$52.0M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0223%	1h	119.16	−0.073%	$35.4M	$91.3M	100x