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: StandX against Katana Perps+0.017%7-day average +0.065% · you sell dearer than you buy

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

Long on Katana Perps Short on StandX

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+0.001%$0 · spread now +0.017%, 7d avg +0.065%

Together, before fees+0.006%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.048% cheaper against Katana Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	116.70	0.0099	pay 0.0099% / 8h	1h 21m	$64K	$908K	20x
Short	StandX SOL-USD	116.72	0.0100	get 0.0013% / 1h	21m 45s	$1.3M	$12.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0.12
Price spread: +0.017% → +0.065%: −$4.82
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$16.5
Costs to cover: 0.118%
Break-even: 1007.1 days

Slippage unknown: Katana Perps: no order-book sample; StandX: live order book, 2 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 StandX live order book, 2 min ago	3.85 bp	8.7 bp −$9	9.2 bp −$92	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	−0.0168%	1h	116.81	+0.090%	$99K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.71	+0.012%	$740.8M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.80	+0.083%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.67	−0.024%	$32.3M	$106.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.319%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0035%	1h	116.71	+0.010%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.028%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.76	+0.049%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.76	+0.051%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0018%	1h	116.76	+0.051%	$4.3M	$23.7M	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	+0.0042%	8h	116.72	+0.013%	$480.7M	$460.5M	100x	as long as short
Lighter RH SOL	+0.0048%	1h	116.71	+0.009%	$2.2M	$16.9M	25x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.77	+0.060%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.70	−0.002%	$8.0M	$404.4M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	116.73	+0.022%	$26.4M	$21.7M	50x	as long as short
Aster SOLUSDT	+0.0083%	8h	116.76	+0.051%	$176.2M	$170.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	116.68	−0.018%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.77	+0.058%	$1.0M	$553K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.75	+0.045%	$13.1M	$60.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.66	−0.031%	$351K	$252K	20x	as long as short
Katana Perps SOL-USDlong	+0.0099%	8h	116.70	long leg	$64K	$908K	20x
Nado SOL-PERP	+0.0100%	1h	116.72	+0.021%	$5.5M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	+0.111%	$699.5M	$407.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.80	+0.084%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.77	+0.060%	$968.9M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.72	+0.017%	$368.5M	$1.78B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.59	−0.094%	$217K	$866K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.75	+0.039%	$901K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.214%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.69	−0.009%	$851.8M	$672.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.74	+0.034%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.72	+0.020%	$130.3M	$232.8M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.74	+0.032%	—	$374.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	−0.026%	$23.1M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	+0.030%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.60	−0.089%	$93.6M	$408.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.65	−0.043%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	0.000%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USDshort	+0.0100%	1h	116.72	+0.017%	$1.3M	$12.0M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	+0.017%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.71	+0.005%	$249K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.71	+0.005%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.72	+0.021%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.65	−0.043%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.65	−0.045%	$225.9M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	−0.051%	$45.4M	$105.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.031%	$8.0M	$39.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.76	+0.052%	—	$236.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.69	−0.009%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.93	+0.197%	$6.6M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.69	−0.007%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	+0.009%	$52.0M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.72	+0.020%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.80	+0.088%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0500%	1h	116.74	+0.031%	$25K	$57K	20x	as long as short