Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:31 UTC+0.0236%/8h= +25.8% APRpaid last 24h −0.017%
Price spread now: Perpl against Katana Perps+0.093%7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.196%−$20 on $10k
Price spread, last 7 days−0.050%−$5 · spread now +0.093%, 7d avg +0.021%
Together, before fees−0.246%+ Points / potential airdropPerpl: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Perpl is 0.072% dearer against Katana Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 4 days funding on this pair cost −0.196%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps SOL-USD116.580.0099pay 0.0099% / 8h3h 27m$61K$895K20x
ShortPerpl SOL116.690.0335get 0.0030% / 43m24m 03s$138K$3.7M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against Katana Perps. 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

Funding earned
$49.52
Price spread: +0.093% → +0.021%
$7.21
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
$39.13
Costs to cover
0.176%
Break-even
1.5 days
Slippage unknown: Katana Perps: no order-book sample; Perpl: 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
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell Perpl no order-book sample
Katana Perps and Perpl: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0193%1h116.59+0.007%$31.0M$101.1M100xas long as short
Hibachi SOL/USDT-P−0.0176%1h116.72+0.119%$103K$701K20xas long as short
Vest SOL-PERP−0.0093%1h116.59+0.006%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.66+0.066%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.62+0.032%$42K150xas long as short
Bybit SOLUSDT+0.0001%8h116.44−0.120%$756.9M$1.38B100xas long as short
dYdX SOL-USD+0.0010%1h116.69+0.092%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0032%1h116.54−0.038%$1.9M$2.9M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.61+0.024%$7.6M$404.9M50xas long as short
01 Exchange SOLUSD+0.0072%1h116.63+0.043%$99K$174K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet SOL-USD+0.0090%1h116.59+0.010%$147K$1.6M20xas long as short
Orderly PERP_SOL_USDC+0.0093%8h116.61+0.025%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.59+0.009%$13.1M$60.2M25xas long as short
Lighter RH SOL+0.0096%1h116.58−0.002%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h116.59+0.011%$349K$246K20xas long as short
Katana Perps SOL-USDlong+0.0099%8h116.58long leg$61K$895K20x
Paradex SOL-USD-PERP+0.0100%8h116.62+0.033%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.64+0.050%$5.4M$40.2M40xas long as short
Hyperliquid SOL+0.0100%1h116.65+0.060%$704.2M$394.8M20xas long as short
Aster SOLUSDT+0.0100%8h116.56−0.017%$174.6M$183.2M100xas long as short
Pacifica SOL+0.0100%1h116.67+0.075%$15.8M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h116.53−0.041%$972.7M$3.82B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.55−0.026%$366.2M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.57−0.009%$229K$840K10xas long as short
Arcus SOL-USD+0.0100%1h116.65+0.058%$921K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.75+0.146%$133.5M$19.9M20xas long as short
Gate SOL_USDT+0.0100%8h116.56−0.017%$851.8M$663.4M100xas long as short
MEXC SOL_USDT+0.0100%8h116.580.000%$366.9M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.56−0.016%$129.0M$223.3M75xas long as short
Bitget SOLUSDT+0.0100%8h116.53−0.044%$481.0M$444.7M100xas long as short
BingX SOL-USDT+0.0100%8h116.51−0.061%$365.2Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.54−0.034%$23.0M$40.0M50xas long as short
Variational Omni SOL+0.0100%8h116.79+0.184%$24.6M$113.4Mas long as short
edgeX SOLUSDC+0.0100%4h116.73+0.132%$93.7M$399.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.68+0.085%$47.7M$30.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.87+0.249%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.68+0.086%$1.3M$12.6M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.60+0.017%$320K$2.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.61+0.026%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.60+0.018%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.59+0.009%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.55−0.029%$225.9M$48.1M75xas long as short
Phemex SOLUSDT+0.0100%8h116.64+0.051%$45.7M$103.2M50xas long as short
Extended SOL-USD+0.0104%1h116.54−0.035%$8.3M$37.7M50xas long as short
Kalshi KXSOLPERP+0.0106%8h116.62+0.035%$1.4M$19.0M3.1xas long as short
Injective SOL/USDC PERP+0.0107%1h116.70+0.103%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.68+0.086%$231.6M500xas long as short
Phoenix SOL+0.0151%1h116.77+0.163%$6.5M$13.8M25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0163%1h116.66+0.064%$26.3M$23.3M50xas long as short
Reya SOLRUSDPERP+0.0191%1h116.58+0.003%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h116.59+0.009%$51.9M$67.2M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.61+0.024%$3.6M200xas long as short
Perpl SOLshort+0.0335%43m116.69+0.093%$138K$3.7M8.3x
Aftermath Perps SOLUSD+0.0547%1h116.78+0.172%$25K$51K20xas long as short
RISEx SOL/USDC+0.0561%1h116.69+0.098%$1.9M$4.8M20xas long as short