Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.003%

Price spread now: Kraken Futures against Binance−0.019%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.019%, 7d avg −0.005%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	117.97	0.0100	pay 0.0100% / 8h	6h 46m	$977.0M	$3.82B	100x
Short	Kraken Futures PF_SOLUSD	117.95	0.0049	get 0.0006% / 1h	46m 15s	$31.6M	$98.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$10.67
Price spread: −0.019% → −0.005%: −$1.42
Slippage, 4 orders: −$5.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.25
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Kraken Futures: live order book, 3 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 Binance live order book, 13 min ago	0.42 bp	5.4 bp −$5	5.9 bp −$59	8.8 bp −$878	17.7 bp −$8,854
Sell Kraken Futures live order book, 3 min ago	1.69 bp	7.1 bp −$7	8.1 bp −$81	12.5 bp −$1,250	26.7 bp −$13.3K

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
ApeX Omni SOLUSDT	−0.0218%	1h	118.08	+0.093%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.10	+0.112%	$92K	$706K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.11	+0.120%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	117.95	−0.017%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0035%	8h	117.91	−0.052%	$229.3M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.91	−0.054%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0012%	8h	117.96	−0.008%	$852.8M	$653.2M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.98	+0.008%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.01	+0.034%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.03	+0.047%	$1.5M	$21.4M	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	118.00	+0.027%	$131K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.02	+0.040%	$1.8M	$4.6M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0038%	1h	118.02	+0.044%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0049%	1h	117.95	−0.019%	$31.6M	$98.8M	100x
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.99	+0.019%	$8.0M	$411.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.97	+0.003%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.00	+0.025%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	117.99	+0.017%	$102K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.97	+0.004%	$13.5M	$58.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.95	−0.014%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.99	+0.019%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.07	+0.084%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.96	−0.008%	$43K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.98	+0.008%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.98	+0.006%	$177.2M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.07	+0.083%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	117.97	long leg	$977.0M	$3.82B	100x
Bybit SOLUSDT	+0.0100%	8h	118.00	+0.025%	$824.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.98	+0.008%	$369.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.00	+0.025%	$239K	$897K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.04	+0.056%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.97	0.000%	$423.1M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.98	+0.007%	$133.6M	$207.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.91	−0.052%	$489.4M	$446.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.95	−0.017%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	+0.031%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.07	+0.086%	$94.8M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.160%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.10	+0.110%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.97	0.000%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.97	+0.004%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.98	+0.006%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.97	−0.003%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.96	−0.008%	$45.9M	$101.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.085%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.212%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.94	−0.026%	$8.3M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.03	+0.052%	—	$228.4M	500x	as long as short
Hyperliquid SOL	+0.0115%	1h	118.08	+0.093%	$719.6M	$402.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.94	−0.023%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.059%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.195%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.97	+0.001%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0307%	1h	118.06	+0.073%	$25K	$51K	20x	as long as short