Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX+0.085%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now +0.085%, 7d avg +0.028%

Together, before fees+0.213%+$21 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 0.057% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	115.82	0.0100	pay 0.0100% / 8h	7h 28m	$188K	$1.7M	30x
Short	KuCoin SOLUSDTM	115.92	0.0100	get 0.0100% / 8h	7h 28m	$129.1M	$237.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.028%: $5.66
Slippage, 4 orders: −$40.78
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.11
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 11 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 SunX live order book, 7 min ago	3.38 bp	23.1 bp −$23	33.5 bp −$335	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.73 bp	7.9 bp −$8	9.2 bp −$92	19.9 bp −$1,993	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	116.12	+0.257%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	+0.002%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	115.98	+0.138%	$32.2M	$105.1M	100x	as long as short
Bybit SOLUSDT	−0.0021%	8h	116.00	+0.154%	$727.8M	$1.39B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.84	+0.016%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	115.87	+0.042%	$4.3M	$22.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.87	+0.038%	$1.4M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.94	+0.101%	$102K	$3.4M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	115.99	+0.148%	$26.1M	$21.2M	50x	as long as short
Vest SOL-PERP	+0.0004%	1h	115.83	+0.009%	—	$641K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0023%	8h	115.91	+0.073%	$478.6M	$446.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	115.95	+0.115%	$7.7M	$389.0M	50x	as long as short
Aster SOLUSDT	+0.0050%	8h	115.99	+0.149%	$176.0M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	115.91	+0.072%	$1.0M	$5.7M	100x	as long as short
SoDEX SOL-USD	+0.0074%	1h	115.91	+0.076%	$6.0M	$11.1M	20x	as long as short
Gate SOL_USDT	+0.0083%	8h	115.83	+0.007%	$842.5M	$614.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.94	+0.102%	$13.0M	$56.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.95	+0.111%	$2.1M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.91	+0.080%	$350K	$248K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	115.83	+0.004%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	115.75	−0.062%	$58K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.73	−0.075%	$5.4M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.92	+0.085%	$692.1M	$406.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.86	+0.029%	$15.6M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.99	+0.145%	$956.5M	$3.81B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.03	+0.180%	$364.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.77	−0.045%	$217K	$840K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.79	−0.028%	$944K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.00	+0.154%	$383.4M	$1.06B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	115.92	+0.085%	$129.1M	$237.2M	75x
BingX SOL-USDC	+0.0100%	8h	115.77	−0.045%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.91	+0.076%	$22.8M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.94	+0.098%	$24.8M	$104.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.95	+0.110%	$93.1M	$405.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.95	+0.114%	$47.4M	$27.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.01	+0.162%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.93	+0.093%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.86	+0.033%	$317K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	115.84	+0.012%	$280K	$1.7M	20x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	115.82	long leg	$188K	$1.7M	30x
HTX SOL-USDT	+0.0100%	8h	115.92	+0.082%	$224.4M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.00	+0.154%	$45.1M	$102.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.76	−0.057%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	115.87	+0.043%	$8.1M	$35.7M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	115.79	−0.028%	$99K	$184K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	115.87	+0.040%	—	$229.9M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.01	+0.162%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	115.94	+0.103%	$102K	$676K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.447%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	115.81	−0.012%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.93	+0.093%	$52.1M	$62.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	115.84	+0.017%	$3.5M	—	200x	as long as short
Bluefin SOL-PERP	+0.0370%	1h	115.86	+0.032%	$27K	$36K	25x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	116.06	+0.204%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	115.81	−0.007%	$2.1M	$4.8M	20x	as long as short