Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.003%

Price spread now: KuCoin against Coinbase International−0.073%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.073%, 7d avg −0.004%

Together, before fees+0.384%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.069% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.004%). If the spread goes back, that is −$7 on $10k: about 3.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.41	0.0040	pay 0.0005% / 1h	42m 38s	$7.8M	$394.4M	50x
Short	KuCoin SOLUSDTM	116.33	0.0100	get 0.0100% / 8h	7h 42m	$129.6M	$237.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.073%Rate

Funding earned: $12.6
Price spread: −0.073% → −0.004%: −$6.91
Slippage, 4 orders: −$5.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.91
Costs to cover: 0.276%
Break-even: 19.2 days

Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 7 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 Coinbase International live order book, 2 min ago	0.04 bp	5.1 bp −$5	6.9 bp −$69	14.7 bp −$1,472	doesn't fit
Sell KuCoin live order book, 7 min ago	0.56 bp	7.0 bp −$7	9.1 bp −$91	19.6 bp −$1,962	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
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.082%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.42	+0.004%	$32.3M	$106.1M	100x	as long as short
Phemex SOLUSDT	−0.0048%	8h	116.39	−0.019%	$45.3M	$103.4M	50x	as long as short
Vest SOL-PERP	−0.0006%	1h	116.39	−0.023%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.41	+0.001%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.42	+0.008%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.43	+0.015%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.44	+0.023%	$99K	$3.4M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	116.44	+0.027%	$26.2M	$21.7M	50x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.36	−0.045%	$1.8M	$2.9M	13x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0025%	8h	116.34	−0.058%	$480.0M	$452.8M	100x	as long as short
Bybit SOLUSDT	+0.0037%	8h	116.40	−0.010%	$731.8M	$1.40B	100x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0040%	1h	116.41	long leg	$7.8M	$394.4M	50x
Aster SOLUSDT	+0.0053%	8h	116.34	−0.058%	$177.0M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.39	−0.016%	$1.0M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	116.48	+0.054%	$102K	$681K	20x	as long as short
Lighter SOL	+0.0096%	1h	116.34	−0.065%	$13.1M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.32	−0.076%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.39	−0.022%	$351K	$255K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.32	−0.076%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.32	−0.079%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.32	−0.076%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.45	+0.033%	$695.8M	$407.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.38	−0.030%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.39	−0.019%	$962.2M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.40	−0.010%	$366.1M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.38	−0.027%	$219K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.37	−0.038%	$918K	$8.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.34	−0.062%	$847.8M	$608.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.32	−0.079%	$374.2M	$1.05B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.33	−0.073%	$129.6M	$237.2M	75x
BingX SOL-USDC	+0.0100%	8h	116.30	−0.097%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.41	−0.002%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.47	+0.046%	$24.9M	$105.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.47	+0.048%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	+0.058%	$47.7M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.50	+0.080%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	−0.010%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.41	−0.002%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.40	−0.009%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.40	−0.010%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.38	−0.027%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.44	+0.026%	$225.4M	$50.5M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.033%	$126.0M	$25.6M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.32	−0.083%	$8.3M	$36.5M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.41	−0.002%	$102K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.44	+0.020%	—	$231.0M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.60	+0.161%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.062%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.35	−0.050%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.41	−0.002%	$52.0M	$64.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.41	−0.006%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0414%	1h	116.45	+0.030%	$25K	$57K	20x	as long as short
Bluefin SOL-PERP	+0.0422%	1h	117.34	+0.798%	$27K	$37K	25x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.42	+0.007%	$2.1M	$4.8M	20x	as long as short