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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0148%/8hpaid last 24h +0.059%
Price spread now: Hibachi against KuCoin+0.158%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$270.273% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)+1.356%+$136 · spread now +0.158%, 7d avg +0.039%
Together, before fees+1.360%+ Points / potential airdropHibachi: Active · farm board+$136 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 Hibachi is 0.119% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SOLUSDTM118.020.0052pay 0.0052% / 8h4h 21m$141.2M$172.2M75x
ShortHibachi SOL/USDT-P118.200.0200get 0.0025% / 1h21m 46s$118K$558K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
$31.08
Price spread: +0.158% → +0.039%
$11.95
Slippage, 4 orders
−$6.3
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$15.73
Costs to cover
0.273%
Break-even
3.5 days
Slippage from KuCoin: live order book, 11 min ago; Hibachi: live order book, 11 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, 11 min ago0.04 bp7.1 bp −$79.1 bp −$9114.9 bp −$1,486doesn't fit
Sell Hibachi live order book, 11 min ago0.55 bp5.6 bp −$622.2 bp −$222doesn't fitdoesn't fit

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
Injective SOL/USDC PERP−0.0627%1h117.99−0.023%$4K$41K12xas long as short
dYdX SOL-USD−0.0160%1h118.18+0.139%$5.2M$24.4M20xas long as short
Vest SOL-PERP−0.0097%1h118.05+0.027%$728K20xas long as short
Hotstuff SOL-PERP−0.0080%1h118.16+0.119%$838$8K25xas long as short
Derive SOL-PERP−0.0041%1h117.99−0.023%$1.9M$3.0M13xas long as short
Aftermath Perps SOLUSD−0.0007%1h118.08+0.051%$24K$47K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h118.08+0.051%$58K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.14+0.106%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.08+0.053%$171K$4.0M8.3xas long as short
HTX SOL-USDT+0.0022%8h117.99−0.026%$230.1M$41.8M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SOLUSDTMlong+0.0052%8h118.02long leg$141.2M$172.2M75x
Orderly PERP_SOL_USDC+0.0053%8h118.08+0.049%$1.1M$5.6M100xas long as short
Kraken Futures PF_SOLUSD+0.0061%1h118.07+0.044%$34.1M$84.3M100xas long as short
Bitget SOLUSDT+0.0065%8h117.98−0.027%$494.3M$438.3M100xas long as short
OKX SOL-USDT-SWAP+0.0077%8h118.00−0.014%$366.2M$1.66B100xas long as short
Gate SOL_USDT+0.0082%8h118.02+0.003%$855.4M$662.0M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0089%1h118.12+0.086%$26.5M$27.1M50xas long as short
ApeX Omni SOLUSDT+0.0093%1h118.25+0.193%$1.6M$6.3M50xas long as short
Bluefin SOL-PERP+0.0095%1h118.06+0.041%$37K$14K25xas long as short
Lighter SOL+0.0096%1h118.05+0.028%$13.4M$49.6M25xas long as short
Lighter RH SOL+0.0096%1h118.00−0.015%$2.0M$16.8M25xas long as short
01 Exchange SOLUSD+0.0096%1h118.09+0.062%$114K$132K20xas long as short
Aevo SOL-PERP+0.0096%1h118.05+0.025%$349K$747K20xas long as short
Paradex SOL-USD-PERP+0.0098%8h118.13+0.097%$1.0M$438K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.11+0.079%$43K$734K20xas long as short
Nado SOL-PERP+0.0100%1h118.12+0.087%$5.5M$39.5M40xas long as short
Hyperliquid SOL+0.0100%1h118.14+0.104%$711.9M$426.1M20xas long as short
Aster SOLUSDT+0.0100%8h118.05+0.024%$177.9M$170.9M100xas long as short
Pacifica SOL+0.0100%1h118.20+0.153%$13.3M$105.7M20xas long as short
Binance SOLUSDT+0.0100%8h118.04+0.019%$964.1M$3.64B100xas long as short
Bybit SOLUSDT+0.0100%8h118.02+0.002%$815.4M$1.23B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.19+0.147%$233K$861K10xas long as short
Arcus SOL-USD+0.0100%1h118.23+0.182%$1.8M$8.7M20xas long as short
MEXC SOL_USDT+0.0100%8h118.04+0.019%$468.0M$1.05B300xas long as short
BingX SOL-USDC+0.0100%8h118.02+0.003%$10.4Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.05+0.028%$24.1M$36.7M50xas long as short
Variational Omni SOL+0.0100%8h118.06+0.040%$27.9M$117.8Mas long as short
edgeX SOLUSDC+0.0100%4h118.16+0.124%$94.9M$382.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.41+0.333%$48.5M$32.6M20xas long as short
StandX SOL-USD+0.0100%1h118.28+0.223%$1.4M$13.1M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.08+0.053%$389K$2.2M20xas long as short
Bullet SOL-USD+0.0100%1h118.02+0.005%$199K$1.8M20xas long as short
SunX SOL-USDT+0.0100%8h118.04+0.019%$192K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.04+0.019%$6.2M$10.9M20xas long as short
Phemex SOLUSDT+0.0100%8h118.04+0.019%$45.9M$96.2M50xas long as short
Bulk SOL-USD+0.0100%1h118.15+0.114%$130.5M$16.3M20xas long as short
Extended SOL-USD+0.0104%1h118.04+0.016%$8.7M$37.1M50xas long as short
Coinbase International SOL-PERP-INTX+0.0104%1h118.10+0.074%$7.8M$396.9M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0048%1h118.22+0.170%$208.0M500xas long as short
Phoenix SOL+0.0149%1h118.02+0.003%$7.4M$11.4M25xas long as short
GMX SOL/USD [SOL-USDC]L +0.0173% / S −0.0075%1h118.06+0.038%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h118.05+0.031%$1.1M$533K25xas long as short
RISEx SOL/USDC+0.0185%1h118.15+0.111%$1.6M$6.5M20xas long as short
Hibachi SOL/USDT-Pshort+0.0200%1h118.20+0.158%$118K$558K20x
BloFin SOL-USDT+0.0220%8h118.16+0.121%$51.7M$91.6M125xas long as short