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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: Kraken Futures against Nado−0.096%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$220.216% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.096%, 7d avg −0.004%
Together, before fees−0.052%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.091% cheaper against Nado than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.004%). If the spread goes back, that is −$9 on $10k: about 6.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.001% in total) that is about 7 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado SOL-PERP119.400.0100pay 0.0012% / 1h47m 18s$6.3M$41.7M40x
ShortKraken Futures PF_SOLUSD119.280.0149get 0.0019% / 1h47m 18s$32.6M$94.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Nado. 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
$10.39
Price spread: −0.096% → −0.004%
−$9.14
Slippage, 4 orders
−$4.57
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$20.33
Costs to cover
0.216%
Break-even
20.7 days
Slippage from Nado: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Nado live order book, 2 min ago0.42 bp3.9 bp −$44.9 bp −$499.3 bp −$92629.4 bp −$14.7K
Sell Kraken Futures live order book, 2 min ago0.84 bp7.3 bp −$78.7 bp −$8713.5 bp −$1,35220.4 bp −$10.2K

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
Bluefin SOL-PERP−0.0788%1h119.30−0.082%$37K$17K25xas long as short
Derive SOL-PERP−0.0080%1h119.23−0.137%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.42+0.018%$847$8K25xas long as short
Vest SOL-PERP−0.0064%1h119.31−0.075%$722K20xas long as short
dYdX SOL-USD−0.0003%1h119.43+0.027%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.30−0.080%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.23−0.138%$1.2M$20.6M3.1xas long as short
Perpl SOL0.0000%43m119.30−0.084%$178K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0008%1h119.25−0.119%$120K$618K20xas long as short
Phoenix SOL+0.0054%1h119.20−0.164%$6.6M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps SOLUSD+0.0057%1h119.27−0.105%$24K$47K20xas long as short
Orderly PERP_SOL_USDC+0.0065%8h119.32−0.067%$1.1M$5.9M100xas long as short
HTX SOL-USDT+0.0068%8h119.15−0.206%$232.1M$44.5M75xas long as short
BingX SOL-USDC+0.0080%8h119.31−0.068%$10.5Mas long as short
01 Exchange SOLUSD+0.0088%1h119.44+0.037%$104K$153K20xas long as short
Lighter SOL+0.0096%1h119.41+0.012%$13.6M$55.0M25xas long as short
Lighter RH SOL+0.0096%1h119.39−0.005%$2.1M$16.7M25xas long as short
Aevo SOL-PERP+0.0096%1h119.30−0.077%$353K$748K20xas long as short
Gate SOL_USDT+0.0097%8h119.27−0.105%$869.6M$677.3M100xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.33−0.053%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.39−0.005%$46K$789K20xas long as short
Nado SOL-PERPlong+0.0100%1h119.40long leg$6.3M$41.7M40x
Hyperliquid SOL+0.0100%1h119.50+0.087%$721.0M$414.2M20xas long as short
Aster SOLUSDT+0.0100%8h119.40+0.004%$178.7M$176.0M100xas long as short
Pacifica SOL+0.0100%1h119.43+0.027%$12.4M$116.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.30−0.080%$982.7M$3.79B100xas long as short
Bybit SOLUSDT+0.0100%8h119.33−0.055%$824.6M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.31−0.072%$372.3M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.10−0.248%$234K$874K10xas long as short
Arcus SOL-USD+0.0100%1h119.46+0.054%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h119.15−0.204%$133.6M$9.3M20xas long as short
MEXC SOL_USDT+0.0100%8h119.30−0.080%$437.0M$1.10B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.35−0.037%$140.8M$199.4M75xas long as short
Bitget SOLUSDT+0.0100%8h119.29−0.089%$495.9M$454.0M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.30−0.080%$24.1M$38.7M50xas long as short
Variational Omni SOL+0.0100%8h119.16−0.193%$27.4M$127.6Mas long as short
edgeX SOLUSDC+0.0100%4h119.18−0.183%$95.7M$398.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.10−0.248%$48.7M$32.5M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.10−0.248%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.15−0.206%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.40+0.004%$366K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.27−0.107%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.40+0.002%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.29−0.089%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.25−0.122%$46.6M$102.0M50xas long as short
Extended SOL-USD+0.0104%1h119.26−0.112%$8.7M$36.5M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.32−0.061%$8.2M$415.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.35−0.034%$221.8M500xas long as short
Kraken Futures PF_SOLUSDshort+0.0149%1h119.28−0.096%$32.6M$94.9M100x
Deribit SOL_USDC-PERPETUAL+0.0152%1h119.36−0.027%$26.8M$27.6M50xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0089%1h119.29−0.085%$3.6M200xas long as short
Reya SOLRUSDPERP+0.0181%1h119.36−0.030%$1.1M$558K25xas long as short
RISEx SOL/USDC+0.0192%1h119.45+0.044%$1.6M$6.0M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.13−0.223%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.20−0.164%$52.1M$86.9M125xas long as short