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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:29 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%
Price spread now: Perpl against Katana Perps−0.069%7-day average +0.021% · you buy dearer than you sell
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)−0.201%−$20 on $10k
Price spread, last 7 days+0.086%+$9 · spread now −0.069%, 7d avg +0.021%
Together, before fees−0.115%+ Points / potential airdropPerpl: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.090% cheaper against Katana Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps SOL-USD118.810.0100pay 0.0100% / 8h7h 55m$45K$797K20x
ShortPerpl SOL118.730get 0.0000% / 43m34m 48s$175K$3.9M8.3x

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
−$20.96
Price spread: −0.069% → +0.021%
−$8.99
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
−$47.54
Costs to cover
0.176%
Break-even
never at this rate
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
Hotstuff SOL-PERP−0.0080%1h118.86+0.044%$843$8K25xas long as short
Vest SOL-PERP−0.0079%1h118.71−0.081%$723K20xas long as short
Derive SOL-PERP−0.0062%1h118.69−0.100%$2.0M$2.8M13xas long as short
dYdX SOL-USD−0.0023%1h118.74−0.056%$4.9M$28.0M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.82+0.007%$32.6M$97.0M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.75−0.051%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.90+0.080%$1.2M$20.8M3.1xas long as short
Perpl SOLshort0.0000%43m118.73−0.069%$175K$3.9M8.3x
ApeX Omni SOLUSDT+0.0029%1h118.78−0.024%$1.5M$6.1M50xas long as short
Gate SOL_USDT+0.0037%8h118.78−0.025%$861.0M$658.0M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0040%1h118.77−0.034%$103K$159K20xas long as short
Orderly PERP_SOL_USDC+0.0078%8h118.78−0.027%$1.0M$5.9M100xas long as short
BingX SOL-USDT+0.0080%8h118.75−0.048%$370.0Mas long as short
Hibachi SOL/USDT-P+0.0080%1h118.87+0.050%$121K$642K20xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.82+0.008%$8.1M$416.2M50xas long as short
Lighter SOL+0.0096%1h118.68−0.106%$13.4M$54.6M25xas long as short
Lighter RH SOL+0.0096%1h118.70−0.092%$2.1M$16.5M25xas long as short
Aevo SOL-PERP+0.0096%1h118.78−0.026%$352K$570K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.64−0.144%$1.0M$520K50xas long as short
Katana Perps SOL-USDlong+0.0100%8h118.81long leg$45K$797K20x
Nado SOL-PERP+0.0100%1h118.74−0.061%$5.8M$41.0M40xas long as short
Hyperliquid SOL+0.0100%1h118.83+0.017%$719.5M$408.7M20xas long as short
Aster SOLUSDT+0.0100%8h118.73−0.070%$178.3M$177.3M100xas long as short
Pacifica SOL+0.0100%1h118.70−0.089%$12.2M$122.9M20xas long as short
Binance SOLUSDT+0.0100%8h118.66−0.126%$977.9M$3.82B100xas long as short
Bybit SOLUSDT+0.0100%8h118.67−0.114%$822.7M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.62−0.160%$370.6M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.58−0.194%$231K$876K10xas long as short
Arcus SOL-USD+0.0100%1h118.64−0.146%$1.9M$9.1M20xas long as short
Bulk SOL-USD+0.0100%1h118.81+0.003%$133.9M$4.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.67−0.118%$429.4M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.69−0.103%$137.9M$207.3M75xas long as short
Bitget SOLUSDT+0.0100%8h118.61−0.165%$492.1M$457.5M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.810.000%$24.2M$38.5M50xas long as short
Variational Omni SOL+0.0100%8h118.86+0.041%$27.1M$128.7Mas long as short
edgeX SOLUSDC+0.0100%4h118.86+0.040%$95.5M$402.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.90+0.076%$48.7M$30.5M20xas long as short
StandX SOL-USD+0.0100%1h118.86+0.042%$1.4M$13.7M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.74−0.059%$355K$2.5M20xas long as short
Bullet SOL-USD+0.0100%1h118.72−0.074%$202K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.77−0.030%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h118.79−0.019%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.79−0.017%$6.2M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h118.71−0.087%$231.0M$45.0M75xas long as short
Phemex SOLUSDT+0.0100%8h118.80−0.008%$46.5M$102.4M50xas long as short
Phoenix SOL+0.0100%1h118.85+0.034%$6.6M$13.5M25xas long as short
Extended SOL-USD+0.0104%1h118.75−0.048%$8.7M$36.0M50xas long as short
Aftermath Perps SOLUSD+0.0119%1h118.80−0.005%$24K$47K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.88+0.061%$224.9M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0127%1h118.83+0.013%$26.6M$25.3M50xas long as short
RISEx SOL/USDC+0.0161%1h118.79−0.013%$1.8M$4.8M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0166% / S −0.0084%1h118.73−0.065%$3.5M200xas long as short
Injective SOL/USDC PERP+0.0173%1h118.66−0.126%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0185%1h118.70−0.093%$1.1M$531K25xas long as short
BloFin SOL-USDT+0.0220%8h118.84+0.025%$51.8M$80.2M125xas long as short