Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against KuCoin−0.142%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.142% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	118.69	0.0100	pay 0.0100% / 8h	22m 08s	$137.6M	$205.3M	75x
Short	Hotstuff SOL-PERP	118.52	−0.0080	pay 0.0010% / 1h	22m 08s	$840	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$37.8
Price spread: −0.142% → 0.000%: −$14.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$69.04
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Hotstuff: no order-book sample. Net counts fees only.

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	7.1 bp −$7	10.2 bp −$102	15.5 bp −$1,548	33.7 bp −$16.8K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPshort	−0.0080%	1h	118.52	−0.142%	$840	$8K	25x
Vest SOL-PERP	−0.0076%	1h	118.56	−0.104%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.59	−0.079%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0020%	1h	118.38	−0.260%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0014%	1h	118.53	−0.128%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.71	+0.024%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.64	−0.037%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.72	+0.032%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0065%	1h	118.73	+0.035%	$26.6M	$26.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.71	+0.018%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0078%	8h	118.65	−0.029%	$863.4M	$682.8M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.72	+0.029%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.68	−0.002%	—	$372.6M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.60	−0.070%	$230.9M	$45.1M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.66	−0.025%	$13.4M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.65	−0.027%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.47	−0.179%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.68	−0.008%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.71	+0.018%	$8.1M	$416.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.62	−0.059%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	−0.055%	$45K	$800K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.69	+0.004%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.81	+0.105%	$718.6M	$410.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.65	−0.029%	$177.7M	$178.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.60	−0.076%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.67	−0.015%	$979.3M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.66	−0.021%	$823.0M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.65	−0.029%	$368.4M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.181%	$232K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.65	−0.029%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.207%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.65	−0.029%	$425.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	118.69	long leg	$137.6M	$205.3M	75x
Bitget SOLUSDT	+0.0100%	8h	118.69	+0.003%	$492.0M	$461.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.72	+0.029%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.005%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.51	−0.144%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.085%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.49	−0.164%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.67	−0.013%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.68	−0.002%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.69	+0.002%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	−0.034%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.64	−0.038%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.67	−0.013%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.190%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.66	−0.025%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.62	−0.054%	$32.4M	$97.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0115%	1h	118.72	+0.031%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.56	−0.107%	—	$226.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.70	+0.015%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.190%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.64	−0.041%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.56	−0.105%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.70	+0.009%	$1.8M	$5.3M	20x	as long as short