Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.033%

Price spread now: KuCoin against Bluefin−0.068%7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.574%+$57 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against Bluefin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.574%, 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	Bluefin SOL-PERP	119.25	0.0100	pay 0.0013% / 1h	31m 59s	$38K	$14K	25x
Short	KuCoin SOLUSDTM	119.16	0.0065	get 0.0065% / 8h	3h 31m	$137.5M	$181.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bluefin. 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 BluefinbpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$7.35
Price spread: −0.068% → 0.000%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$33.14
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; KuCoin: live order book, 3 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	0.50 bp	6.8 bp −$7	10.4 bp −$104	15.2 bp −$1,520	29.4 bp −$14.7K

Bluefin: 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
Vest SOL-PERP	−0.0097%	1h	119.10	−0.122%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.26	+0.016%	$846	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0067%	1h	119.08	−0.138%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.29	+0.038%	$4.9M	$26.4M	20x	as long as short
Derive SOL-PERP	−0.0001%	1h	119.18	−0.053%	$2.0M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.17	−0.067%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.24	−0.004%	$1.2M	$20.9M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.11	−0.113%	$197K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.30	+0.047%	$26.8M	$27.8M	50x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	119.20	−0.038%	$105K	$148K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.19	−0.045%	$232.3M	$43.1M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0054%	8h	119.25	+0.008%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTMshort	+0.0065%	8h	119.16	−0.068%	$137.5M	$181.3M	75x
Bitget SOLUSDT	+0.0078%	8h	119.13	−0.100%	$498.0M	$447.2M	100x	as long as short
Gate SOL_USDT	+0.0080%	8h	119.14	−0.088%	$860.2M	$673.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.23	−0.009%	$13.4M	$51.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.21	−0.026%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.24	−0.002%	$354K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	119.19	−0.043%	$1.0M	$482K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.22	−0.021%	$48K	$777K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.19	−0.046%	$5.6M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.25	+0.004%	$719.5M	$433.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	−0.080%	$179.8M	$172.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	+0.053%	$13.5M	$108.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.17	−0.065%	$978.0M	$3.71B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.19	−0.049%	$821.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.16	−0.071%	$367.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	−0.004%	$236K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.25	+0.008%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.26	+0.010%	$133.2M	$15.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.18	−0.055%	$475.2M	$1.05B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	119.18	−0.052%	—	$367.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.17	−0.063%	$24.4M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.20	−0.040%	$27.6M	$120.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	−0.065%	$95.7M	$390.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.18	−0.055%	$48.8M	$33.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.39	+0.119%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	−0.122%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.071%	$363K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.13	−0.098%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	119.25	long leg	$38K	$14K	25x
SunX SOL-USDT	+0.0100%	8h	119.23	−0.011%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.21	−0.029%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.20	−0.038%	$46.6M	$98.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.12	−0.106%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.28	+0.026%	$8.1M	$409.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	119.27	+0.022%	—	$214.7M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0130%	1h	119.27	+0.022%	$36.5M	$90.6M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	119.13	−0.094%	$130K	$580K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.25	+0.004%	$7.2M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.20	−0.036%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.11	−0.112%	$1.1M	$552K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.071%	$51.6M	$90.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0180%	1h	119.15	−0.078%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.29	−0.801%	$4K	$2K	12x	as long as short