Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: Pacifica against Katana Perps+0.072%7-day average +0.057% · you sell dearer than you buy

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

Long on Katana Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.072%, 7d avg +0.057%

Together, before fees−0.054%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	116.73	0.0099	pay 0.0099% / 8h	1h 06m	$66K	$910K	20x
Short	Pacifica SOL	116.81	0.0100	get 0.0013% / 1h	6m 10s	$15.7M	$130.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.072%Rate

Funding earned: $0.11
Price spread: +0.072% → +0.057%: $1.48
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.21
Costs to cover: 0.118%
Break-even: 649.2 days

Slippage unknown: Katana Perps: no order-book sample; Pacifica: live order book, 3 min ago. 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 Pacifica live order book, 3 min ago	0.43 bp	4.5 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit

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
Hibachi SOL/USDT-P	−0.0208%	1h	116.68	−0.045%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.67	−0.048%	$739.2M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	+0.021%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.71	−0.021%	$32.3M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.70	−0.030%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.73	−0.004%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	+0.023%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.77	+0.030%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	−0.041%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.80	+0.061%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0037%	8h	116.69	−0.036%	$481.0M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.80	+0.060%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.73	−0.002%	$8.0M	$403.0M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.68	−0.045%	$2.2M	$16.9M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0057%	1h	116.74	+0.011%	$26.4M	$21.7M	50x	as long as short
Aster SOLUSDT	+0.0076%	8h	116.68	−0.040%	$176.6M	$169.5M	100x	as long as short
SoDEX SOL-USD	+0.0077%	1h	116.68	−0.043%	$6.1M	$11.0M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	116.72	−0.008%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0092%	8h	116.74	+0.008%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.69	−0.033%	$13.2M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	−0.066%	$351K	$252K	20x	as long as short
Katana Perps SOL-USDlong	+0.0099%	8h	116.73	long leg	$66K	$910K	20x
Nado SOL-PERP	+0.0100%	1h	116.75	+0.016%	$5.6M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.81	+0.069%	$702.0M	$408.4M	20x	as long as short
Pacifica SOLshort	+0.0100%	1h	116.81	+0.072%	$15.7M	$130.6M	20x
Binance SOLUSDT	+0.0100%	8h	116.69	−0.034%	$967.3M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	−0.026%	$367.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.56	−0.146%	$217K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.78	+0.041%	$901K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.154%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.69	−0.034%	$850.0M	$676.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.69	−0.034%	$370.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.70	−0.029%	$133.1M	$233.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.68	−0.041%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.71	−0.017%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.52	−0.177%	$25.1M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.140%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.63	−0.086%	$47.7M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.65	−0.069%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.66	−0.060%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.75	+0.017%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.70	−0.023%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	+0.018%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.76	+0.027%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.76	+0.025%	$226.1M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.69	−0.034%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.64	−0.078%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.79	+0.053%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	−0.094%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.72	−0.009%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.73	−0.001%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	−0.017%	$52.1M	$66.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.76	+0.027%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.85	+0.101%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.72	−0.006%	$25K	$57K	20x	as long as short