Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0342%/8h= +37.4% APRpaid last 24h +0.010%

Price spread now: KuCoin against Kraken Futures+0.020%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.020%, 7d avg +0.016%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% 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	Kraken Futures PF_SOLUSD	115.56	−0.0242	get 0.0030% / 1h	26m 42s	$31.6M	$103.0M	100x
Short	KuCoin SOLUSDTM	115.59	0.0100	get 0.0100% / 8h	2h 26m	$124.6M	$229.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $71.75
Price spread: +0.020% → +0.016%: $0.36
Slippage, 4 orders: −$11.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $38.54
Costs to cover: 0.336%
Break-even: 3.2 days

Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: 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 Kraken Futures live order book, 2 min ago	0.43 bp	6.8 bp −$7	9.3 bp −$93	16.0 bp −$1,603	36.5 bp −$18.3K
Sell KuCoin live order book, 2 min ago	0.04 bp	10.4 bp −$10	11.6 bp −$116	17.5 bp −$1,754	doesn't fit

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_SOLUSDlong	−0.0242%	1h	115.56	long leg	$31.6M	$103.0M	100x
Hibachi SOL/USDT-P	−0.0176%	1h	115.63	+0.055%	$103K	$693K	20x	as long as short
BingX SOL-USDC	−0.0116%	8h	115.56	−0.003%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0114%	8h	115.55	−0.012%	$738.2M	$1.42B	100x	as long as short
Vest SOL-PERP	−0.0085%	1h	115.58	+0.015%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.02	+0.391%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.47	−0.079%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.57	+0.003%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.57	+0.005%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.61	+0.036%	$112K	$3.7M	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	+0.0012%	1h	115.60	+0.032%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.59	+0.022%	$98K	$177K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0021%	1h	115.60	+0.034%	$26.2M	$21.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.56	−0.007%	$7.7M	$402.1M	50x	as long as short
Bitget SOLUSDT	+0.0066%	8h	115.56	−0.001%	$478.0M	$456.1M	100x	as long as short
Bullet SOL-USD	+0.0093%	1h	115.55	−0.010%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.57	+0.004%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.56	−0.005%	$12.9M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.53	−0.027%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.56	−0.004%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.58	+0.012%	$173.9M	$185.1M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.56	−0.004%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.61	+0.040%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.58	+0.015%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.64	+0.066%	$684.1M	$401.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.62	+0.050%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.60	+0.028%	$961.2M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.60	+0.031%	$360.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.57	+0.005%	$215K	$869K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.62	+0.050%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.239%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.54	−0.021%	$837.5M	$668.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.60	+0.031%	$355.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	115.59	+0.020%	$124.6M	$229.6M	75x
Backpack SOL_USDC_PERP	+0.0100%	1h	115.55	−0.012%	$22.8M	$39.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.67	+0.089%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.81	+0.210%	$93.0M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.69	+0.109%	$47.4M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.86	+0.260%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.65	+0.074%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.55	−0.012%	$318K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.55	−0.009%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.56	−0.007%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.55	−0.012%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.51	−0.043%	$223.8M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.57	+0.005%	$45.0M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.51	−0.049%	$7.9M	$38.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.56	0.000%	—	$240.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	+0.083%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.87	+0.265%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.52	−0.035%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.56	−0.004%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.56	−0.005%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.66	+0.079%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0595%	1h	115.82	+0.219%	$25K	$53K	20x	as long as short