Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.001%

Price spread now: Katana Perps against Arcus−0.047%7-day average −0.071% · you buy dearer than you sell

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

Long on Arcus Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.031%−$3 · spread now −0.047%, 7d avg −0.071%

Together, before fees−0.028%−$3 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: Katana Perps is 0.024% dearer against Arcus than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	117.00	0.0100	pay 0.0013% / 1h	57m 55s	$908K	$8.8M	20x
Short	Katana Perps SOL-USD	116.95	0.0099	get 0.0099% / 8h	1h 57m	$64K	$910K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Arcus. 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 ArcusbpFee Katana PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$0.13
Price spread: −0.047% → −0.071%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$6.07
Costs to cover: 0.083%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 1 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 Arcus live order book, 1 min ago	0.04 bp	4.4 bp −$4	5.3 bp −$53	10.2 bp −$1,023	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
Bybit SOLUSDT	−0.0105%	8h	116.88	−0.107%	$740.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	−0.062%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.86	−0.124%	$100K	$681K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.85	−0.131%	$33.0M	$104.0M	100x	as long as short
Vest SOL-PERP	−0.0028%	1h	116.89	−0.096%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.80	−0.175%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.90	−0.090%	$42K	—	150x	as long as short
Lighter RH SOL	0.0000%	1h	116.84	−0.144%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	0.0000%	1h	116.96	−0.038%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.01	+0.004%	$1.5M	$19.4M	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	116.94	−0.051%	$110K	$3.6M	8.3x	as long as short
Nado SOL-PERP	+0.0038%	1h	116.92	−0.071%	$5.5M	$41.0M	40x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	117.04	+0.030%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.90	−0.093%	$8.0M	$407.0M	50x	as long as short
Bitget SOLUSDT	+0.0057%	8h	116.89	−0.103%	$481.8M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.85	−0.132%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.86	−0.123%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.86	−0.125%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.89	−0.099%	$352K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	116.89	−0.098%	$176.2M	$176.7M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.96	−0.035%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USDshort	+0.0099%	8h	116.95	−0.047%	$64K	$910K	20x
Hyperliquid SOL	+0.0100%	1h	116.96	−0.038%	$701.1M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.00	−0.002%	$15.8M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.90	−0.090%	$971.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.91	−0.081%	$371.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.78	−0.192%	$219K	$887K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	117.00	long leg	$908K	$8.8M	20x
Bulk SOL-USD	+0.0100%	1h	117.05	+0.037%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.85	−0.132%	$848.1M	$661.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.90	−0.090%	$367.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.90	−0.091%	$129.1M	$232.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.88	−0.110%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.84	−0.141%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	−0.121%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.90	−0.089%	$93.9M	$411.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	−0.079%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	−0.047%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.89	−0.098%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.94	−0.056%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.92	−0.076%	$236K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.90	−0.092%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.00	−0.007%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.85	−0.137%	$226.3M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.86	−0.124%	$45.4M	$105.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	116.93	−0.066%	$26.5M	$22.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.86	−0.125%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.87	−0.115%	—	$238.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.073%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.01	+0.004%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.88	−0.105%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	−0.158%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.91	−0.081%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	117.08	+0.063%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.97	−0.034%	$25K	$56K	20x	as long as short