Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.040%

Price spread now: Katana Perps against RISEx−0.023%7-day average −0.038% · you buy dearer than you sell

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

Long on RISEx Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.023%, 7d avg −0.038%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	119.40	0.0226	pay 0.0028% / 1h	41m 42s	$1.7M	$5.2M	20x
Short	Katana Perps SOL-USD	119.37	0.0100	get 0.0100% / 8h	41m 42s	$45K	$797K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against RISEx. 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 RISExbpFee Katana PerpsbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$26.5
Price spread: −0.023% → −0.038%: $1.53
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$34.78
Costs to cover: 0.098%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 2 min ago; Katana Perps: 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 RISEx live order book, 2 min ago	0.04 bp	4.5 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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-PERP	−0.0080%	1h	119.35	−0.036%	$846	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	119.27	−0.105%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0066%	1h	119.33	−0.060%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0018%	1h	119.39	−0.002%	$5.0M	$27.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.37	−0.024%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.42	+0.016%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.37	−0.020%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.40	+0.002%	$26.7M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0072%	8h	119.35	−0.042%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.39	−0.006%	$104K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0080%	8h	119.36	−0.029%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.33	−0.056%	$867.6M	$676.4M	100x	as long as short
HTX SOL-USDT	+0.0090%	8h	119.31	−0.070%	$232.3M	$45.0M	75x	as long as short
ApeX Omni SOLUSDT	+0.0092%	1h	119.57	+0.148%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.39	−0.006%	$13.6M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.36	−0.035%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.32	−0.061%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.37	−0.026%	$8.2M	$418.3M	50x	as long as short
Aftermath Perps SOLUSD	+0.0096%	1h	119.54	+0.122%	$24K	$47K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.32	−0.062%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USDshort	+0.0100%	8h	119.37	−0.023%	$45K	$797K	20x
Nado SOL-PERP	+0.0100%	1h	119.35	−0.036%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.48	+0.069%	$723.4M	$412.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.36	−0.031%	$179.0M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	+0.011%	$12.3M	$120.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	−0.023%	$985.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.40	+0.002%	$831.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.38	−0.014%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.014%	$234K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.39	−0.002%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.65	+0.212%	$134.3M	$6.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.36	−0.031%	$458.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.36	−0.033%	$139.4M	$204.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.38	−0.018%	$497.0M	$456.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.37	−0.023%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.65	+0.212%	$27.4M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	+0.168%	$96.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.53	+0.112%	$48.9M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.48	+0.069%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.35	−0.040%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.33	−0.052%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.37	−0.020%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.34	−0.046%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.34	−0.048%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	−0.056%	$46.6M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.70	+0.254%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.33	−0.059%	$8.7M	$35.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	119.58	+0.149%	$122K	$633K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.36	−0.031%	$32.6M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.36	−0.029%	—	$224.9M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0087%	1h	119.36	−0.033%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.170%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.33	−0.059%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.40	+0.002%	$52.1M	$83.2M	125x	as long as short
RISEx SOL/USDClong	+0.0226%	1h	119.40	long leg	$1.7M	$5.2M	20x