Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Backpack−0.034%7-day average −0.108% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Backpack 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 7 days+0.903%+$90 · spread now −0.034%, 7d avg −0.108%

Together, before fees+0.815%+$82 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 0.074% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	116.40	0.0100	pay 0.0013% / 1h	52m 14s	$22.9M	$36.2M	50x
Short	KuCoin SOLUSDTM	116.36	0.0100	get 0.0100% / 8h	7h 52m	$129.7M	$237.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Backpack. 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 BackpackbpFee KuCoinbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.108%: $7.38
Slippage, 4 orders: −$3.23
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.85
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; KuCoin: live order book, 7 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 Backpack live order book, 2 min ago	0.43 bp	5.8 bp −$6	7.6 bp −$76	9.9 bp −$993	2070.1 bp −$1.04M
Sell KuCoin live order book, 7 min ago	0.04 bp	6.2 bp −$6	10.9 bp −$109	26.2 bp −$2,619	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	116.32	−0.069%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.30	−0.083%	$32.3M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0014%	1h	116.34	−0.054%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	−0.079%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.38	−0.017%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	−0.049%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.38	−0.017%	$99K	$3.4M	8.3x	as long as short
Phemex SOLUSDT	0.0000%	8h	116.32	−0.069%	$45.2M	$103.7M	50x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	−0.016%	$1.9M	$3.0M	13x	as long as short
Bitget SOLUSDT	+0.0025%	8h	116.27	−0.114%	$479.7M	$455.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0039%	1h	116.34	−0.053%	$26.2M	$21.9M	50x	as long as short
Gate SOL_USDT	+0.0040%	8h	116.36	−0.034%	$848.3M	$606.1M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.30	−0.087%	$7.8M	$395.7M	50x	as long as short
Bybit SOLUSDT	+0.0048%	8h	116.31	−0.077%	$731.6M	$1.41B	100x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.32	−0.069%	$176.7M	$169.3M	100x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	116.41	+0.010%	$103K	$680K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.31	−0.077%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.28	−0.106%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.27	−0.110%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.27	−0.110%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.33	−0.062%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.34	−0.052%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.043%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.46	+0.052%	$695.7M	$406.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.36	−0.038%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.30	−0.086%	$962.1M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.30	−0.086%	$366.4M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.284%	$219K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.36	−0.038%	$919K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.063%	$125.6M	$25.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.34	−0.052%	$369.8M	$1.05B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.36	−0.034%	$129.7M	$237.2M	75x
BingX SOL-USDC	+0.0100%	8h	116.31	−0.082%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	116.40	long leg	$22.9M	$36.2M	50x
Variational Omni SOL	+0.0100%	8h	116.26	−0.124%	$24.8M	$105.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.10	−0.253%	$93.2M	$404.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.33	−0.062%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	−0.221%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.35	−0.043%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.39	−0.009%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.35	−0.040%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.32	−0.070%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.30	−0.086%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.27	−0.112%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.26	−0.123%	$225.1M	$50.7M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.24	−0.141%	$8.3M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.41	+0.010%	—	$231.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.35	−0.043%	$6.5M	$13.4M	25x	as long as short
01 Exchange SOLUSD	+0.0128%	1h	116.39	−0.009%	$100K	$181K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.052%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.32	−0.072%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.37	−0.026%	$52.5M	$64.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.39	−0.012%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0421%	1h	116.35	−0.039%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.44	+0.034%	$2.1M	$4.7M	20x	as long as short