Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.029%

Price spread now: ApeX Omni against KuCoin+0.181%97s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.286% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 7 days−0.222%−$22 · spread now +0.181%, 7d avg −0.010%

Together, before fees−0.467%−$47 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: ApeX Omni is 0.191% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	119.36	0.0100	pay 0.0100% / 8h	41m 57s	$139.4M	$204.7M	75x
Short	ApeX Omni SOLUSDT	119.57	0.0092	get 0.0011% / 1h	41m 57s	$1.5M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.181%Rate

Funding earned: −$1.71
Price spread: +0.181% → −0.010%: $19.05
Slippage, 4 orders: −$6.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.25
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: 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 KuCoin live order book, 2 min ago	0.04 bp	7.5 bp −$8	11.6 bp −$116	18.7 bp −$1,872	doesn't fit
Sell ApeX Omni live order book, 2 min ago	1.67 bp	7.0 bp −$7	9.5 bp −$95	67.6 bp −$6,759	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
Hotstuff SOL-PERP	−0.0080%	1h	119.35	−0.003%	$846	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	119.27	−0.072%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0066%	1h	119.33	−0.027%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.39	+0.031%	$5.0M	$27.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.37	+0.009%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.42	+0.049%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.37	+0.013%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.40	+0.035%	$26.7M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0072%	8h	119.35	−0.009%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.39	+0.027%	$104K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0080%	8h	119.36	+0.003%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.33	−0.023%	$867.6M	$676.4M	100x	as long as short
HTX SOL-USDT	+0.0090%	8h	119.31	−0.037%	$232.3M	$45.0M	75x	as long as short
ApeX Omni SOLUSDTshort	+0.0092%	1h	119.57	+0.181%	$1.5M	$6.2M	50x
Lighter SOL	+0.0096%	1h	119.34	−0.012%	$13.7M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.33	−0.023%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.32	−0.028%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.37	+0.007%	$8.2M	$418.3M	50x	as long as short
Aftermath Perps SOLUSD	+0.0096%	1h	119.54	+0.155%	$24K	$47K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.32	−0.029%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.37	+0.010%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.35	−0.003%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.45	+0.077%	$723.2M	$412.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.35	−0.007%	$178.8M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.39	+0.023%	$12.3M	$120.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.38	+0.018%	$985.2M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.40	+0.035%	$831.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.38	+0.018%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	+0.018%	$234K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.39	+0.031%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.65	+0.245%	$134.3M	$6.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.36	+0.002%	$458.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	119.36	long leg	$139.4M	$204.7M	75x
Bitget SOLUSDT	+0.0100%	8h	119.36	0.000%	$496.9M	$456.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.37	+0.010%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.65	+0.245%	$27.4M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	+0.201%	$96.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.53	+0.145%	$48.9M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.48	+0.102%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.35	−0.007%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.33	−0.019%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.37	+0.013%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.34	−0.014%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.34	−0.015%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	−0.023%	$46.6M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.70	+0.287%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.33	−0.027%	$8.7M	$35.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	119.58	+0.182%	$122K	$633K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.36	+0.002%	$32.6M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.36	+0.003%	—	$224.9M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0087%	1h	119.36	0.000%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.203%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.33	−0.026%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.40	+0.035%	$52.1M	$83.2M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.40	+0.033%	$1.7M	$5.2M	20x	as long as short