Funding you earn now, next payment 22:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.001%
Price spread now: Bulk against Kraken Futures+0.104%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 3 days (all we have)−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.063%+$6 · spread now +0.104%, 7d avg +0.020%
=The price spread pays, funding is against you. Bulk is 0.085% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.020%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 3 days (−0.021% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOLUSD | 119.13 | 0.0223 | pay 0.0028% / 1h | 4m 35s | $35.4M | $91.3M | 100x |
| Short | Bulk SOL-USD | 119.25 | 0.0100 | get 0.0013% / 1h | 4m 35s | $133.7M | $10.9M | 20x |
Kraken Futures PF_SOLUSD
Bulk SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.9
- Price spread: +0.104% → +0.020%
- $8.49
- Slippage, 4 orders
- −$13.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$48.04
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bulk: live order book, 5 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 Kraken Futures live order book, 5 min ago | 0.42 bp | 7.4 bp −$7 | 10.1 bp −$101 | 16.2 bp −$1,619 | 35.9 bp −$17.9K |
| Sell Bulk live order book, 5 min ago | 4.19 bp | 7.7 bp −$8 | 7.7 bp −$77 | 7.7 bp −$769 | 10.8 bp −$5,405 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 119.41 | +0.239% | $4K | $2K | 12x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.14 | +0.015% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0069% | 1h | 119.07 | −0.046% | — | $724K | 20x | as long as short |
| Derive SOL-PERP | −0.0056% | 1h | 119.02 | −0.085% | $2.0M | $3.1M | 13x | as long as short |
| dYdX SOL-USD | −0.0005% | 1h | 119.18 | +0.048% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.12 | −0.008% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.14 | +0.012% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.10 | −0.025% | $178K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 119.16 | +0.028% | $26.7M | $27.7M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0042% | 1h | 119.32 | +0.164% | $24K | $47K | 20x | as long as short |
Injective SOL/USDC PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUAL
Aftermath Perps SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0058% | 8h | 119.05 | −0.060% | $231.9M | $44.7M | 75x | as long as short |
| Orderly PERP_SOL_USDC | +0.0062% | 8h | 119.13 | +0.002% | $1.1M | $5.9M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 119.19 | +0.051% | $120K | $633K | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.19 | +0.054% | $103K | $152K | 20x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.15 | +0.023% | — | $374.9M | — | as long as short |
| Gate SOL_USDT | +0.0091% | 8h | 119.14 | +0.012% | $869.2M | $689.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.15 | +0.024% | $13.6M | $55.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.14 | +0.008% | $2.1M | $17.1M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.09 | −0.030% | $353K | $747K | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0099% | 1h | 119.21 | +0.072% | $1.5M | $6.2M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.14 | +0.010% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.17 | +0.037% | $48K | $785K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.09 | −0.027% | $6.3M | $42.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.26 | +0.113% | $719.3M | $414.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.13 | +0.006% | $178.7M | $176.1M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.18 | +0.045% | $12.4M | $115.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.15 | +0.021% | $976.5M | $3.78B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.16 | +0.032% | $824.0M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.14 | +0.012% | $371.3M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.06 | −0.055% | $233K | $874K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.22 | +0.077% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USDshort | +0.0100% | 1h | 119.25 | +0.104% | $133.7M | $10.9M | 20x | |
| MEXC SOL_USDT | +0.0100% | 8h | 119.15 | +0.020% | $442.1M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.15 | +0.021% | $140.5M | $198.6M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.14 | +0.014% | $497.0M | $453.1M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.12 | −0.005% | $24.2M | $38.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.15 | +0.020% | $27.5M | $127.7M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.32 | +0.159% | $95.8M | $397.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.29 | +0.141% | $48.8M | $33.1M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.18 | +0.046% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.10 | −0.022% | $363K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.10 | −0.025% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.10 | −0.022% | $38K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.08 | −0.034% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.10 | −0.022% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.12 | −0.005% | $46.5M | $101.9M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.14 | +0.009% | $8.7M | $36.6M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.15 | +0.017% | $8.2M | $416.2M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.16 | +0.030% | — | $221.9M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.18 | +0.046% | $6.6M | $12.5M | 25x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0089% | 1h | 119.12 | −0.008% | $3.6M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.21 | +0.069% | $1.6M | $6.0M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 119.10 | −0.025% | $1.1M | $558K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.10 | −0.022% | $52.0M | $86.7M | 125x | as long as short |
| Kraken Futures PF_SOLUSDlong | +0.0223% | 1h | 119.13 | long leg | $35.4M | $91.3M | 100x |
HTX SOL-USDT
Orderly PERP_SOL_USDC
Hibachi SOL/USDT-P
01 Exchange SOLUSD
BingX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
ApeX Omni SOLUSDT
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT