Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against edgeX+0.025%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.025%, 7d avg +0.012%

Together, before fees+0.017%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	116.15	0.0100	pay 0.0050% / 4h	17m 18s	$93.3M	$406.3M	75x
Short	Kraken Futures PF_SOLUSD	116.18	−0.0153	pay 0.0019% / 1h	17m 18s	$32.4M	$106.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against edgeX. 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 edgeXbpFee Kraken FuturesbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$53.2
Price spread: +0.025% → +0.012%: $1.27
Slippage, 4 orders: −$9.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$80.03
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 edgeX live order book, 2 min ago	2.15 bp	6.7 bp −$7	6.7 bp −$67	6.7 bp −$673	12.6 bp −$6,288
Sell Kraken Futures live order book, 2 min ago	0.86 bp	7.8 bp −$8	8.7 bp −$87	11.7 bp −$1,166	23.2 bp −$11.6K

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
Kraken Futures PF_SOLUSDshort	−0.0153%	1h	116.18	+0.025%	$32.4M	$106.7M	100x
Bybit SOLUSDT	−0.0101%	8h	116.14	−0.009%	$733.3M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.31	+0.135%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.20	+0.046%	$101K	$676K	20x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.181%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0041%	1h	116.13	−0.015%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0026%	1h	116.08	−0.065%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.17	+0.019%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.19	+0.036%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.16	+0.012%	$99K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0004%	1h	116.17	+0.014%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0023%	8h	116.14	−0.010%	$479.2M	$456.1M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.20	+0.045%	$7.8M	$398.8M	50x	as long as short
Aster SOLUSDT	+0.0051%	8h	116.16	+0.005%	$177.0M	$169.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	116.16	+0.011%	$1.0M	$6.1M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.17	+0.017%	$100K	$182K	20x	as long as short
Lighter RH SOL	+0.0080%	1h	116.15	+0.001%	$2.2M	$16.8M	25x	as long as short
SoDEX SOL-USD	+0.0081%	1h	116.16	+0.008%	$6.1M	$11.0M	20x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.17	+0.014%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.16	+0.008%	$13.1M	$60.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.15	−0.001%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.12	−0.026%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.15	0.000%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.22	+0.060%	$695.5M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.19	+0.035%	$15.6M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.17	+0.017%	$960.5M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.16	+0.008%	$365.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.15	0.000%	$224K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.17	+0.020%	$923K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.21	+0.050%	$125.5M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.15	0.000%	$842.5M	$668.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.15	0.000%	$371.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.16	+0.008%	$129.2M	$236.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.11	−0.037%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.16	+0.008%	$22.8M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.97	−0.151%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.15	long leg	$93.3M	$406.3M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.23	+0.067%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.24	+0.081%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.17	+0.017%	$1.3M	$11.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.14	−0.009%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.16	+0.005%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.16	+0.004%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.14	−0.005%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.13	−0.021%	$224.8M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.17	+0.017%	$45.1M	$104.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.11	−0.031%	$8.2M	$37.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	116.21	+0.053%	$26.3M	$21.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.15	+0.002%	—	$236.2M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.17	+0.017%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.11	−0.032%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.17	+0.017%	$52.1M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.17	+0.018%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0455%	1h	116.18	+0.030%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.22	+0.057%	$2.1M	$4.8M	20x	as long as short