Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin+0.013%80s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.261%+$26 on $10k
Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.013%, 7d avg −0.011%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.024% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SOLUSDTM118.520.0100pay 0.0100% / 8h7h 50m$137.7M$207.2M75x
ShortBloFin SOL-USDT118.540.0220get 0.0220% / 8h7h 50m$51.9M$79.7M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.2
Price spread: +0.013% → −0.011%
$2.43
Slippage, 4 orders
−$3.39
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$0.24
Costs to cover
0.274%
Break-even
6.9 days
Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago0.50 bp7.6 bp −$811.2 bp −$11218.0 bp −$1,802doesn't fit
Sell BloFin live order book, 4 min ago0.42 bp6.4 bp −$66.4 bp −$646.6 bp −$65710.6 bp −$5,295

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h118.52−0.005%$840$8K25xas long as short
Vest SOL-PERP−0.0079%1h118.51−0.009%$612K20xas long as short
ApeX Omni SOLUSDT−0.0074%1h118.67+0.123%$1.5M$6.1M50xas long as short
Derive SOL-PERP−0.0062%1h118.39−0.111%$2.0M$2.8M13xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.48−0.040%$32.3M$97.5M100xas long as short
dYdX SOL-USD−0.0010%1h118.54+0.013%$4.8M$27.7M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.56+0.030%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.53+0.008%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.56+0.027%$156K$3.9M8.3xas long as short
01 Exchange SOLUSD+0.0056%1h118.60+0.064%$103K$158K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL+0.0065%1h118.53+0.006%$26.5M$25.2M50xas long as short
Hibachi SOL/USDT-P+0.0072%1h118.74+0.179%$121K$635K20xas long as short
Gate SOL_USDT+0.0078%8h118.50−0.020%$858.3M$660.0M100xas long as short
Orderly PERP_SOL_USDC+0.0079%8h118.47−0.041%$1.0M$5.9M100xas long as short
BingX SOL-USDT+0.0080%8h118.51−0.013%$369.6Mas long as short
HTX SOL-USDT+0.0087%8h118.41−0.099%$230.4M$44.8M75xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.52−0.005%$8.1M$414.3M50xas long as short
Lighter SOL+0.0096%1h118.47−0.045%$14.0M$55.4M25xas long as short
Lighter RH SOL+0.0096%1h118.48−0.037%$2.1M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h118.61+0.074%$348K$440K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.54+0.011%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.54+0.013%$47K$787K20xas long as short
Nado SOL-PERP+0.0100%1h118.57+0.040%$5.8M$41.1M40xas long as short
Aster SOLUSDT+0.0100%8h118.49−0.029%$178.3M$177.4M100xas long as short
Pacifica SOL+0.0100%1h118.57+0.039%$12.2M$122.9M20xas long as short
Binance SOLUSDT+0.0100%8h118.53+0.005%$976.4M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h118.54+0.013%$821.3M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.52−0.003%$369.5M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.48−0.037%$232K$878K10xas long as short
Arcus SOL-USD+0.0100%1h118.61+0.071%$1.9M$9.1M20xas long as short
Bulk SOL-USD+0.0100%1h118.81+0.245%$133.9M$4.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.52−0.003%$425.6M$1.12B300xas long as short
KuCoin SOLUSDTMlong+0.0100%8h118.52long leg$137.7M$207.2M75x
Bitget SOLUSDT+0.0100%8h118.50−0.017%$491.5M$448.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.51−0.012%$24.1M$38.2M50xas long as short
Variational Omni SOL+0.0100%8h118.57+0.036%$27.0M$128.6Mas long as short
edgeX SOLUSDC+0.0100%4h118.67+0.120%$95.3M$403.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.67+0.123%$48.6M$30.5M20xas long as short
StandX SOL-USD+0.0100%1h118.57+0.039%$1.3M$13.7M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.56+0.030%$358K$2.5M20xas long as short
Bullet SOL-USD+0.0100%1h118.55+0.024%$202K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.45−0.058%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h118.57+0.037%$192K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.49−0.029%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.55+0.022%$46.4M$101.6M50xas long as short
Extended SOL-USD+0.0104%1h118.50−0.024%$8.6M$35.9M50xas long as short
Hyperliquid SOL+0.0107%1h118.62+0.081%$718.1M$403.8M20xas long as short
Phoenix SOL+0.0114%1h118.79+0.224%$6.6M$13.6M25xas long as short
Aftermath Perps SOLUSD+0.0119%1h118.68+0.132%$24K$48K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.54+0.011%$223.5M500xas long as short
RISEx SOL/USDC+0.0161%1h118.58+0.045%$1.8M$4.7M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0166% / S −0.0066%1h118.55+0.020%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0173%1h118.66+0.115%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0185%1h118.55+0.025%$1.1M$529K25xas long as short
BloFin SOL-USDTshort+0.0220%8h118.54+0.013%$51.9M$79.7M125x