Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bullet against KuCoin+0.016%7-day average +0.016% · 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−$26as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on KuCoin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.016%, 7d avg +0.016%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	116.67	0.0100	pay 0.0100% / 8h	1h 27m	$130.1M	$232.6M	75x
Short	Bullet SOL-USD	116.69	0.0100	get 0.0013% / 1h	27m 15s	$249K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.016%: $0.01
Slippage, 4 orders: −$6.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$26.27
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bullet: 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	8.5 bp −$9	11.7 bp −$117	17.5 bp −$1,748	doesn't fit
Sell Bullet live order book, 2 min ago	0.13 bp	6.2 bp −$6	11.2 bp −$112	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
Hibachi SOL/USDT-P	−0.0152%	1h	116.52	−0.127%	$99K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.64	−0.027%	$741.0M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.61	−0.048%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.69	+0.013%	$32.3M	$106.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.294%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0027%	1h	116.63	−0.037%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.135%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.68	+0.006%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.67	−0.001%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0019%	1h	116.62	−0.044%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.65	−0.021%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.71	+0.033%	$99K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0043%	8h	116.65	−0.017%	$480.4M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.68	+0.004%	$8.0M	$404.4M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.65	−0.020%	$176.1M	$171.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.67	+0.003%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.69	+0.016%	$1.0M	$552K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.66	−0.012%	$13.0M	$60.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.68	+0.004%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.035%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	−0.034%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.78	+0.093%	$699.0M	$409.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	+0.021%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	−0.001%	$968.6M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.65	−0.018%	$368.6M	$1.78B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.42	−0.215%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.66	−0.010%	$901K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.189%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.65	−0.018%	$847.2M	$669.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.67	−0.001%	$368.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	116.67	long leg	$130.1M	$232.6M	75x
BingX SOL-USDC	+0.0100%	8h	116.64	−0.024%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.69	+0.016%	$23.1M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.177%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.53	−0.121%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.161%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.59	−0.067%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.138%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.67	−0.001%	$314K	$2.8M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	116.69	+0.016%	$249K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.006%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	+0.003%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.66	−0.009%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.61	−0.053%	$225.8M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	−0.027%	$45.4M	$105.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.63	−0.033%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.62	−0.047%	—	$236.9M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	116.73	+0.054%	$26.4M	$21.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.147%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.68	+0.008%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.186%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.65	−0.018%	$52.1M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.69	+0.017%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.76	+0.078%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0497%	1h	116.59	−0.072%	$25K	$57K	20x	as long as short