Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.042%

Price spread now: dYdX against KuCoin−0.074%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.074%, 7d avg −0.017%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.056% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	117.59	0.0100	pay 0.0100% / 8h	6h 16m	$130.5M	$210.9M	75x
Short	dYdX SOL-USD	117.51	0	get 0.0000% / 1h	16m 47s	$4.5M	$24.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$21
Price spread: −0.074% → −0.017%: −$5.61
Slippage, 4 orders: −$14.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$62.78
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; dYdX: 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	8.2 bp −$8	9.6 bp −$96	13.8 bp −$1,378	26.0 bp −$13.0K
Sell dYdX live order book, 2 min ago	3.82 bp	8.8 bp −$9	12.6 bp −$126	17.8 bp −$1,777	29.6 bp −$14.8K

SOL on 54 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	117.61	+0.011%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	117.53	−0.053%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0027%	1h	117.52	−0.060%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.59	−0.004%	$53K	—	150x	as long as short
dYdX SOL-USDshort	0.0000%	1h	117.51	−0.074%	$4.5M	$24.2M	20x
Kalshi KXSOLPERP	0.0000%	8h	117.61	+0.013%	$1.4M	$20.8M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	117.68	+0.073%	$100K	$691K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0015%	1h	117.65	+0.047%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.58	−0.012%	$2.0M	$4.8M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.61	+0.014%	$31.5M	$98.9M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0055%	1h	117.69	+0.082%	$1.5M	$6.0M	50x	as long as short
Gate SOL_USDT	+0.0061%	8h	117.58	−0.011%	$851.0M	$664.0M	100x	as long as short
HTX SOL-USDT	+0.0063%	8h	117.51	−0.067%	$228.4M	$45.5M	75x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.62	+0.026%	$8.0M	$408.7M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.60	+0.005%	—	$369.8M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.61	+0.014%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.48	−0.093%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.53	−0.049%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.58	−0.011%	$103K	$158K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.60	+0.007%	$345K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.66	+0.054%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.062%	$64K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.55	−0.041%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.57	−0.023%	$176.4M	$179.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.64	+0.041%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.50	−0.082%	$968.0M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.49	−0.089%	$818.9M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.47	−0.105%	$365.8M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.67	+0.065%	$239K	$892K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.58	−0.014%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	+0.346%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.60	+0.006%	$426.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	117.59	long leg	$130.5M	$210.9M	75x
Bitget SOLUSDT	+0.0100%	8h	117.53	−0.055%	$486.8M	$441.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.58	−0.011%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.74	+0.128%	$24.4M	$122.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.63	+0.034%	$94.5M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.76	+0.141%	$48.2M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.68	+0.074%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.58	−0.011%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.59	−0.001%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.59	−0.001%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.57	−0.023%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.61	+0.014%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.61	+0.014%	$45.8M	$101.4M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.76	+0.142%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.016%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0104%	1h	117.72	+0.108%	$720.0M	$400.6M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.55	−0.037%	—	$225.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.54	−0.049%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.236%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.58	−0.007%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0341%	1h	117.77	+0.147%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	−0.018%	$129K	$3.9M	8.3x	as long as short