Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Phemex+0.126%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.126%, 7d avg +0.004%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.122% dearer against Phemex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	118.30	0.0100	pay 0.0100% / 8h	7h 02m	$46.3M	$99.6M	50x
Short	KuCoin SOLUSDTM	118.45	0.0100	get 0.0100% / 8h	7h 02m	$138.0M	$203.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → +0.004%: $12.22
Slippage, 4 orders: −$8.9
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.68
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; KuCoin: 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 Phemex live order book, 2 min ago	0.42 bp	6.4 bp −$6	13.0 bp −$130	18.9 bp −$1,885	doesn't fit
Sell KuCoin live order book, 2 min ago	0.04 bp	8.6 bp −$9	11.0 bp −$110	15.5 bp −$1,545	doesn't fit

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-PERP	−0.0080%	1h	118.41	+0.096%	$926	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.43	+0.111%	—	$608K	20x	as long as short
HTX SOL-USDT	−0.0068%	8h	118.12	−0.155%	$229.7M	$44.0M	75x	as long as short
Derive SOL-PERP	−0.0063%	1h	118.29	−0.004%	$2.0M	$2.7M	13x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	119.13	+0.705%	$106K	$673K	20x	as long as short
dYdX SOL-USD	−0.0016%	1h	118.44	+0.118%	$4.8M	$25.5M	20x	as long as short
Gate SOL_USDT	−0.0015%	8h	118.39	+0.076%	$850.0M	$675.2M	100x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.17	−0.106%	$31.9M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.42	+0.101%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.91	+0.515%	$1.2M	$20.0M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	118.47	+0.139%	$124K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.26	−0.034%	$26.6M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	118.47	+0.144%	$103K	$161K	20x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	119.02	+0.609%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.37	+0.056%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	118.38	+0.071%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.24	−0.049%	$8.1M	$407.3M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.47	+0.148%	$13.3M	$57.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.47	+0.145%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.36	+0.047%	$347K	$254K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.39	+0.072%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.44	+0.118%	$44K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.41	+0.093%	$5.8M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.52	+0.186%	$725.5M	$395.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.34	+0.034%	$179.0M	$177.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.48	+0.156%	$12.2M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.37	+0.059%	$975.5M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.38	+0.066%	$824.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.35	+0.042%	$370.5M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.38	+0.068%	$233K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.41	+0.091%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.40	+0.085%	$428.0M	$1.14B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	118.45	+0.126%	$138.0M	$203.9M	75x
Bitget SOLUSDT	+0.0100%	8h	118.14	−0.139%	$489.5M	$439.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.47	+0.144%	$23.9M	$36.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	+0.594%	$24.9M	$130.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	+0.738%	$95.7M	$401.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.04	+0.624%	$48.7M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.73	+0.363%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.41	+0.093%	$353K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.41	+0.090%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.38	+0.067%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.34	+0.035%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.17	−0.110%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	118.30	long leg	$46.3M	$99.6M	50x
Bulk SOL-USD	+0.0100%	1h	119.24	+0.790%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.16	−0.116%	$8.5M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.25	+0.803%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.51	+0.181%	—	$225.2M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.38	+0.071%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+1.014%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.40	+0.082%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.42	+0.101%	$51.9M	$73.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.42	+0.099%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0243%	1h	118.99	+0.583%	$25K	$51K	20x	as long as short