Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.047%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.047%, 7d avg +0.004%

Together, before fees−0.033%−$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: KuCoin is 0.043% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	117.45	0.0100	pay 0.0100% / 8h	5h 55m	$820.5M	$1.24B	100x
Short	KuCoin SOLUSDTM	117.50	0.0100	get 0.0100% / 8h	5h 55m	$130.5M	$211.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.004%: $4.3
Slippage, 4 orders: −$3.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.72
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: 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 Bybit live order book, 3 min ago	0.43 bp	5.9 bp −$6	7.1 bp −$71	10.8 bp −$1,080	22.2 bp −$11.1K
Sell KuCoin live order book, 3 min ago	0.21 bp	7.3 bp −$7	12.7 bp −$127	16.9 bp −$1,693	doesn't fit

SOL on 54 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	117.67	+0.187%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.50	+0.041%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.54	+0.082%	$31.5M	$98.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.58	+0.116%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.56	+0.095%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.64	+0.167%	$1.4M	$19.6M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.52	+0.060%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.55	+0.085%	$228.4M	$45.5M	75x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.63	+0.155%	$100K	$162K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.56	+0.094%	$8.0M	$402.9M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0072%	1h	117.44	−0.004%	$100K	$690K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	117.61	+0.140%	$26.4M	$25.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.42	−0.024%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.60	+0.133%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.54	+0.077%	$13.1M	$58.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.53	+0.066%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.60	+0.130%	$345K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.61	+0.138%	$67K	$840K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.65	+0.173%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.60	+0.129%	$5.8M	$39.9M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.50	+0.044%	$176.3M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.63	+0.155%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.42	−0.021%	$968.1M	$3.73B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	117.45	long leg	$820.5M	$1.24B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.49	+0.036%	$366.2M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	+0.138%	$237K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.66	+0.181%	$2.0M	$9.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.49	+0.036%	$849.7M	$641.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.47	+0.019%	$424.0M	$1.06B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	117.50	+0.047%	$130.5M	$211.2M	75x
Bitget SOLUSDT	+0.0100%	8h	117.49	+0.033%	$487.0M	$433.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.53	+0.070%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.64	+0.160%	$24.3M	$119.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	−0.011%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.55	+0.083%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.56	+0.095%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	+0.036%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.62	+0.146%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.60	+0.132%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.58	+0.112%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.62	+0.146%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.56	+0.095%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.54	+0.078%	$45.8M	$100.3M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.006%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.070%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.45	−0.001%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.29	−0.131%	—	$221.4M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.70	+0.211%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0170%	1h	117.62	+0.146%	$717.8M	$395.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.61	+0.135%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	+0.002%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.62	+0.147%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0364%	1h	117.53	+0.071%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.70	+0.215%	$128K	$3.8M	8.3x	as long as short