Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.003%

Price spread now: SunX against Kraken Futures−0.041%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.041%, 7d avg −0.015%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	119.12	0.0131	pay 0.0016% / 1h	32m 35s	$36.4M	$90.5M	100x
Short	SunX SOL-USDT	119.07	0.0100	get 0.0100% / 8h	3h 32m	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$6.43
Price spread: −0.041% → −0.015%: −$2.61
Slippage, 4 orders: −$36.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$63.28
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; SunX: live order book, 4 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	1.26 bp	7.0 bp −$7	9.3 bp −$93	15.5 bp −$1,549	33.8 bp −$16.9K
Sell SunX live order book, 4 min ago	3.60 bp	19.5 bp −$19	33.1 bp −$331	doesn't fit	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
Vest SOL-PERP	−0.0097%	1h	119.04	−0.064%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.26	+0.121%	$846	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0039%	1h	119.04	−0.065%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.29	+0.142%	$4.9M	$26.4M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.12	+0.001%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.23	+0.089%	$1.2M	$20.9M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.07	−0.039%	$164K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.14	+0.019%	$26.7M	$27.7M	50x	as long as short
Derive SOL-PERP	+0.0003%	1h	119.03	−0.078%	$2.0M	$3.0M	13x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	119.20	+0.067%	$105K	$148K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0051%	8h	119.21	+0.077%	$232.4M	$43.0M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0054%	8h	119.09	−0.024%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTM	+0.0064%	8h	119.28	+0.136%	$135.5M	$181.3M	75x	as long as short
Bitget SOLUSDT	+0.0078%	8h	119.19	+0.060%	$498.1M	$447.1M	100x	as long as short
Gate SOL_USDT	+0.0080%	8h	119.30	+0.151%	$862.0M	$673.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.27	+0.129%	$13.4M	$51.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.33	+0.172%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.09	−0.024%	$354K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	119.19	+0.062%	$1.0M	$482K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.22	+0.084%	$48K	$777K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.06	−0.054%	$5.6M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.44	+0.268%	$720.7M	$432.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.30	+0.149%	$180.0M	$172.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	+0.158%	$13.5M	$108.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.14	+0.016%	$976.5M	$3.71B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.16	+0.037%	$821.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.21	+0.075%	$368.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	+0.100%	$236K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.25	+0.113%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.26	+0.115%	$133.2M	$15.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.23	+0.092%	$475.9M	$1.05B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	119.21	+0.076%	—	$366.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.33	+0.176%	$24.4M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.20	+0.064%	$27.6M	$120.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	+0.039%	$95.7M	$390.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.18	+0.050%	$48.8M	$33.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.39	+0.224%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.22	+0.084%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.06	−0.051%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.09	−0.021%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	−0.020%	$38K	$14K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	119.07	−0.041%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.08	−0.034%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.30	+0.151%	$46.6M	$98.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.18	+0.049%	$8.7M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.15	+0.023%	$8.1M	$408.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	119.16	+0.037%	—	$213.9M	500x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0131%	1h	119.12	long leg	$36.4M	$90.5M	100x
Hibachi SOL/USDT-P	+0.0136%	1h	119.21	+0.076%	$130K	$580K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.25	+0.109%	$7.2M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.20	+0.068%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.06	−0.053%	$1.1M	$552K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.176%	$51.6M	$90.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0180%	1h	119.12	+0.003%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.29	−0.697%	$4K	$2K	12x	as long as short