Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.035%

Price spread now: Bluefin against Katana Perps+0.038%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.038% dearer against Katana Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	116.23	0.0100	pay 0.0100% / 8h	5m 17s	$64K	$912K	20x
Short	Bluefin SOL-PERP	116.27	0.0100	get 0.0013% / 1h	5m 17s	$27K	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Katana Perps. 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 Katana PerpsbpFee BluefinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0.09
Price spread: +0.038% → 0.000%: $3.79
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$6.92
Costs to cover: 0.108%
Break-even: 519.6 days

Slippage unknown: Katana Perps: no order-book sample; Bluefin: 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Bluefin no order-book sample	—	—	—	—	—

Katana Perps and Bluefin: 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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.28	+0.039%	$32.3M	$106.8M	100x	as long as short
Bybit SOLUSDT	−0.0092%	8h	116.23	0.000%	$733.4M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.30	+0.059%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.34	+0.095%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0027%	1h	116.23	−0.001%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.18	−0.046%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.26	+0.029%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.22	−0.006%	$1.4M	$19.3M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	116.22	−0.006%	$102K	$678K	20x	as long as short
Perpl SOL	0.0000%	43m	116.22	−0.006%	$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	+0.0005%	1h	116.20	−0.029%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.22	−0.006%	$479.8M	$455.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.26	+0.025%	$7.8M	$397.2M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.23	−0.004%	$176.7M	$168.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.25	+0.021%	$1.0M	$6.1M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0076%	1h	116.31	+0.066%	$26.3M	$21.6M	50x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	116.32	+0.077%	$100K	$181K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.18	−0.047%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.24	+0.011%	$13.1M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.23	+0.003%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.23	+0.003%	$351K	$256K	20x	as long as short
Katana Perps SOL-USDlong	+0.0100%	8h	116.23	long leg	$64K	$912K	20x
Nado SOL-PERP	+0.0100%	1h	116.15	−0.071%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.35	+0.103%	$695.9M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.21	−0.021%	$15.7M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.25	+0.017%	$961.6M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.25	+0.017%	$366.6M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.18	−0.043%	$218K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.28	+0.042%	$920K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.017%	$125.4M	$25.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.25	+0.017%	$844.7M	$671.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.25	+0.017%	$370.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.27	+0.036%	$129.3M	$236.4M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.20	−0.024%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.18	−0.043%	$22.8M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.14	−0.078%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.19	−0.035%	$93.3M	$404.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.22	−0.009%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.28	+0.043%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	0.000%	$1.3M	$11.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.25	+0.017%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.26	+0.026%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	116.27	+0.038%	$27K	$36K	25x
SunX SOL-USDT	+0.0100%	8h	116.23	+0.001%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.23	0.000%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.21	−0.014%	$225.0M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.24	+0.009%	$45.2M	$104.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.19	−0.033%	$8.2M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.17	−0.050%	—	$233.0M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.33	+0.086%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.23	0.000%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.23	0.000%	$51.9M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.26	+0.026%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0433%	1h	116.27	+0.035%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.34	+0.097%	$2.1M	$4.7M	20x	as long as short