Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.001%

Price spread now: Kraken Futures against edgeX+0.124%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$290.287% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.124%, 7d avg +0.020%

Together, before fees−0.107%+ Points / potential airdropedgeX: Active · farm board−$11 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: Kraken Futures is 0.104% dearer against edgeX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	118.40	0.0100	pay 0.0050% / 4h	20m 50s	$95.1M	$402.9M	75x
Short	Kraken Futures PF_SOLUSD	118.55	0.0106	get 0.0013% / 1h	20m 50s	$32.4M	$97.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against edgeX. 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 edgeXbpFee Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: $1.16
Price spread: +0.124% → +0.020%: $10.4
Slippage, 4 orders: −$9.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.11
Costs to cover: 0.287%
Break-even: 110.0 days

Slippage from edgeX: live order book, 3 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 edgeX live order book, 3 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$712	11.0 bp −$5,479
Sell Kraken Futures live order book, 3 min ago	1.27 bp	6.9 bp −$7	8.5 bp −$85	12.1 bp −$1,207	22.3 bp −$11.2K

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
Derive SOL-PERP	−0.0088%	1h	118.47	+0.054%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	+0.096%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.57	+0.141%	—	$723K	20x	as long as short
ApeX Omni SOLUSDT	−0.0032%	1h	118.43	+0.024%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.63	+0.193%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.58	+0.150%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.65	+0.213%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.67	+0.226%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	118.59	+0.162%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.56	+0.138%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0076%	8h	118.67	+0.226%	$864.8M	$683.4M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.243%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.64	+0.197%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.54	+0.113%	$230.7M	$45.2M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.66	+0.216%	$13.4M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.64	+0.205%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.72	+0.270%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.54	+0.119%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.62	+0.183%	$8.1M	$415.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.62	+0.180%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.64	+0.201%	$45K	$806K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.64	+0.198%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.77	+0.311%	$718.2M	$410.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.67	+0.223%	$178.6M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.66	+0.215%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.61	+0.176%	$977.1M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.65	+0.210%	$822.9M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.62	+0.184%	$369.7M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	+0.058%	$228K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.66	+0.218%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.446%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.67	+0.226%	$425.7M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.65	+0.210%	$137.5M	$205.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.65	+0.209%	$492.1M	$461.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.63	+0.193%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.63	+0.192%	$27.1M	$129.2M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	118.40	long leg	$95.1M	$402.9M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	+0.117%	$48.6M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.49	+0.074%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.61	+0.176%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.61	+0.174%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.55	+0.123%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.59	+0.163%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.54	+0.117%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.59	+0.159%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	+0.049%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.65	+0.212%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0106%	1h	118.55	+0.124%	$32.4M	$97.5M	100x
Aftermath Perps SOLUSD	+0.0114%	1h	118.71	+0.257%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.72	+0.271%	—	$226.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.60	+0.164%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.429%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.60	+0.164%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.60	+0.167%	$52.1M	$80.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.222%	$1.8M	$5.3M	20x	as long as short