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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0461%/8h= −50.5% APRpaid last 24h −0.034%
Price spread now: KuCoin against RISEx−0.091%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$250.254% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.094%−$9 on $10k
Price spread, last 7 days+0.099%+$10 · spread now −0.091%, 7d avg +0.007%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.099% cheaper against RISEx than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.094% in total (about -9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx SOL/USDC117.110.0561pay 0.0070% / 1h44m 29s$1.9M$4.8M20x
ShortKuCoin SOLUSDTM117.000.0100get 0.0100% / 8h3h 44m$129.4M$222.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$96.8
Price spread: −0.091% → +0.007%
−$9.89
Slippage, 4 orders
−$7.45
Fee RISEx: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$132.14
Costs to cover
0.254%
Break-even
never at this rate
Slippage from RISEx: live order book, 4 min ago; KuCoin: live order book, 5 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 RISEx live order book, 4 min ago0.04 bp5.3 bp −$59.3 bp −$93doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago0.60 bp9.1 bp −$912.1 bp −$12120.3 bp −$2,030doesn't fit

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
Kraken Futures PF_SOLUSD−0.0192%1h117.04−0.059%$31.2M$100.8M100xas long as short
Hibachi SOL/USDT-P−0.0160%1h116.99−0.096%$103K$699K20xas long as short
Vest SOL-PERP−0.0089%1h116.96−0.122%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h117.00−0.091%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.03−0.065%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h117.04−0.056%$1.4M$19.1M3.1xas long as short
dYdX SOL-USD+0.0003%1h117.01−0.082%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0044%1h116.97−0.117%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h117.03−0.061%$7.5M$405.6M50xas long as short
Bybit SOLUSDT+0.0073%8h116.94−0.142%$768.7M$1.37B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0088%1h117.04−0.056%$99K$175K20xas long as short
Orderly PERP_SOL_USDC+0.0094%8h117.02−0.073%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.96−0.124%$13.1M$59.9M25xas long as short
Lighter RH SOL+0.0096%1h116.96−0.122%$2.2M$16.7M25xas long as short
Aevo SOL-PERP+0.0096%1h117.02−0.073%$348K$244K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.94−0.142%$50K$882K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.05−0.044%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.94−0.140%$5.4M$40.1M40xas long as short
Hyperliquid SOL+0.0100%1h117.13+0.020%$707.1M$394.1M20xas long as short
Aster SOLUSDT+0.0100%8h117.01−0.084%$175.1M$183.3M100xas long as short
Pacifica SOL+0.0100%1h116.99−0.098%$15.8M$130.1M20xas long as short
Binance SOLUSDT+0.0100%8h117.02−0.074%$977.5M$3.81B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.03−0.065%$368.2M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.94−0.142%$230K$850K10xas long as short
Arcus SOL-USD+0.0100%1h117.04−0.059%$923K$8.8M20xas long as short
Gate SOL_USDT+0.0100%8h116.99−0.099%$853.1M$658.9M100xas long as short
MEXC SOL_USDT+0.0100%8h117.01−0.082%$367.9M$1.07B300xas long as short
KuCoin SOLUSDTMshort+0.0100%8h117.00−0.091%$129.4M$222.6M75x
Bitget SOLUSDT+0.0100%8h116.97−0.114%$482.2M$443.8M100xas long as short
BingX SOL-USDT+0.0100%8h116.99−0.098%$366.1Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.01−0.082%$23.2M$39.2M50xas long as short
Variational Omni SOL+0.0100%8h116.90−0.172%$24.5M$113.6Mas long as short
edgeX SOLUSDC+0.0100%4h116.86−0.214%$93.8M$400.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.76−0.296%$47.7M$30.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.93−0.154%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.99−0.099%$1.3M$12.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.00−0.091%$323K$2.6M20xas long as short
Bullet SOL-USD+0.0100%1h117.00−0.087%$148K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.02−0.074%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h117.03−0.064%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.04−0.056%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.96−0.128%$226.7M$47.9M75xas long as short
Phemex SOLUSDT+0.0100%8h117.03−0.065%$45.9M$103.0M50xas long as short
Bulk SOL-USD+0.0100%1h116.90−0.176%$134.0M$22.8M20xas long as short
Extended SOL-USD+0.0104%1h116.95−0.132%$8.3M$37.6M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.99−0.099%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h117.01−0.079%$231.3M500xas long as short
Phoenix SOL+0.0151%1h116.88−0.193%$6.5M$13.8M25xas long as short
Reya SOLRUSDPERP+0.0191%1h116.97−0.113%$1.1M$541K25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0211%1h117.10−0.004%$26.4M$23.3M50xas long as short
BloFin SOL-USDT+0.0220%8h117.01−0.082%$52.0M$67.7M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h117.02−0.072%$3.6M200xas long as short
Perpl SOL+0.0447%43m117.03−0.061%$138K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0525%1h116.98−0.109%$25K$51K20xas long as short
RISEx SOL/USDClong+0.0561%1h117.11long leg$1.9M$4.8M20x