Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.007%

Price spread now: Kraken Futures against MEXC−0.019%7-day average −0.006% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now −0.019%, 7d avg −0.006%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	116.53	0.0100	pay 0.0100% / 8h	4h 40m	$417.4M	$1.06B	300x
Short	Kraken Futures PF_SOLUSD	116.51	0.0075	get 0.0009% / 1h	40m 03s	$31.0M	$100.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$5.19
Price spread: −0.019% → −0.006%: −$1.37
Slippage, 4 orders: −$6.07
Fee MEXC: 1 bp × 2 orders: −$2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.63
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 4 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 MEXC live order book, 4 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$276	5.4 bp −$2,700
Sell Kraken Futures live order book, 4 min ago	0.43 bp	8.5 bp −$9	9.7 bp −$97	14.2 bp −$1,422	24.3 bp −$12.1K

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
Vest SOL-PERP	−0.0091%	1h	116.57	+0.037%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	+0.118%	$912	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	116.51	−0.013%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.52	−0.012%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.58	+0.043%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.046%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.64	+0.094%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.68	+0.129%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.57	+0.038%	$7.5M	$404.4M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0075%	1h	116.51	−0.019%	$31.0M	$100.3M	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.59	+0.051%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.53	0.000%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.52	−0.009%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	+0.064%	$343K	$240K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.61	+0.069%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.73	+0.175%	$989K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.65	+0.103%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.59	+0.051%	$705.3M	$395.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.63	+0.085%	$175.3M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.151%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.52	−0.009%	$964.4M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.45	−0.065%	$785.0M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.52	−0.009%	$367.1M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.58	+0.043%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.56	+0.023%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.103%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.51	−0.017%	$844.2M	$656.8M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	116.53	long leg	$417.4M	$1.06B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.52	−0.008%	$126.6M	$217.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.47	−0.051%	$478.6M	$441.8M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.49	−0.033%	—	$365.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.026%	$23.5M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.43	−0.083%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.117%	$93.7M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.077%	$47.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.67	+0.124%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.53	0.000%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.63	+0.086%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.61	+0.070%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	+0.039%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	+0.120%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.55	+0.017%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.53	−0.001%	$226.1M	$46.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.58	+0.043%	$45.6M	$101.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	+0.013%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.69	+0.133%	—	$228.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0131%	1h	116.63	+0.090%	$26.3M	$25.3M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.026%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	−0.009%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.59	+0.054%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.57	+0.034%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.62	+0.079%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.66	+0.110%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0521%	1h	116.68	+0.126%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.74	+0.178%	$1.9M	$4.9M	20x	as long as short