Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h +0.043%

Price spread now: Katana Perps against dYdX−0.032%7-day average −0.030% · you buy dearer than you sell

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

Long on dYdX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.032%, 7d avg −0.030%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	116.57	0.0013	pay 0.0002% / 1h	25m 54s	$4.4M	$24.2M	20x
Short	Katana Perps SOL-USD	116.53	0.0099	get 0.0099% / 8h	3h 25m	$61K	$895K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against dYdX. 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 dYdXbpFee Katana PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $18.13
Price spread: −0.032% → −0.030%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $4.13
Costs to cover: 0.138%
Break-even: 5.4 days

Slippage unknown: dYdX: live order book, 3 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 dYdX live order book, 3 min ago	0.86 bp	6.7 bp −$7	10.2 bp −$102	16.5 bp −$1,647	23.7 bp −$11.9K
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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.54	−0.024%	$31.0M	$101.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	116.62	+0.046%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0095%	1h	116.51	−0.047%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	−0.003%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0004%	8h	116.46	−0.093%	$756.5M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	−0.024%	$42K	—	150x	as long as short
dYdX SOL-USDlong	+0.0013%	1h	116.57	long leg	$4.4M	$24.2M	20x
Derive SOL-PERP	+0.0032%	1h	116.47	−0.080%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	−0.022%	$7.6M	$404.7M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.56	−0.007%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0085%	1h	116.52	−0.040%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.54	−0.026%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.56	−0.007%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.53	−0.031%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.54	−0.026%	$350K	$247K	20x	as long as short
Katana Perps SOL-USDshort	+0.0099%	8h	116.53	−0.032%	$61K	$895K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	+0.015%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	−0.013%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	+0.070%	$704.2M	$394.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	−0.029%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.59	+0.018%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.56	−0.010%	$972.4M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.56	−0.007%	$366.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	+0.002%	$229K	$839K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	+0.004%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.156%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.56	−0.007%	$851.7M	$663.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.007%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	+0.023%	$129.1M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.54	−0.026%	$481.1M	$445.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.53	−0.034%	—	$365.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.024%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	−0.141%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.143%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.096%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.259%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.096%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	−0.015%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.55	−0.020%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.040%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.53	−0.032%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.058%	$225.8M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.56	−0.007%	$45.6M	$103.2M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	116.60	+0.026%	$1.4M	$19.0M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	116.50	−0.061%	$8.3M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.113%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	−0.002%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	+0.173%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.50	−0.055%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0204%	1h	116.60	+0.026%	$26.3M	$23.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	+0.019%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.54	−0.028%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.62	+0.046%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0548%	1h	116.74	+0.149%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.61	+0.039%	$1.9M	$4.8M	20x	as long as short