Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Katana Perps+0.029%7-day average −0.010% · you sell dearer than you buy

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

Long on Katana Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.029%, 7d avg −0.010%

Together, before fees−0.175%−$17 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: SunX is 0.039% dearer against Katana Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	116.74	0.0100	pay 0.0100% / 8h	5h 07m	$44K	$886K	20x
Short	SunX SOL-USDT	116.77	0.0100	get 0.0100% / 8h	5h 07m	$190K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee Katana PerpsbpFee SunXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0.04
Price spread: +0.029% → −0.010%: $3.9
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.85
Costs to cover: 0.118%
Break-even: 1253.3 days

Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 11 min ago. 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 Katana Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	3.66 bp	21.8 bp −$22	33.3 bp −$333	doesn't fit	doesn't fit

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 exchanges

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
Hibachi SOL/USDT-P	−0.0240%	1h	116.67	−0.063%	$102K	$644K	20x	as long as short
Bybit SOLUSDT	−0.0052%	8h	116.75	+0.013%	$726.1M	$1.23B	100x	as long as short
Derive SOL-PERP	−0.0036%	1h	116.70	−0.030%	$1.8M	$2.5M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.77	+0.028%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.77	+0.026%	$1.3M	$15.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.78	+0.032%	$100K	$2.6M	8.3x	as long as short
Vest SOL-PERP	+0.0010%	1h	116.77	+0.026%	—	$272K	20x	as long as short
Bitget SOLUSDT	+0.0020%	8h	116.75	+0.012%	$480.2M	$393.1M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	116.83	+0.078%	$26.3M	$17.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.81	+0.058%	$8.5M	$362.8M	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0041%	8h	116.77	+0.027%	$992K	$5.0M	100x	as long as short
Aster SOLUSDT	+0.0042%	8h	116.78	+0.034%	$176.2M	$156.0M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.80	+0.051%	$101K	$183K	20x	as long as short
Aevo SOL-PERP	+0.0064%	1h	116.73	−0.012%	$343K	$265K	20x	as long as short
MEXC SOL_USDT	+0.0065%	8h	116.78	+0.034%	$480.2M	$979.9M	300x	as long as short
Binance SOLUSDT	+0.0066%	8h	116.78	+0.038%	$968.7M	$3.41B	100x	as long as short
Phoenix SOL	+0.0075%	1h	116.77	+0.026%	$6.7M	$12.2M	25x	as long as short
Hotstuff SOL-PERP	+0.0080%	1h	117.44	+0.603%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	116.82	+0.066%	$33.4M	$92.4M	100x	as long as short
SoDEX SOL-USD	+0.0090%	1h	116.78	+0.034%	$6.0M	$11.2M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.79	+0.042%	$12.9M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.78	+0.037%	$2.2M	$13.7M	25x	as long as short
Gate SOL_USDT	+0.0098%	8h	116.79	+0.043%	$840.3M	$598.5M	100x	as long as short
Katana Perps SOL-USDlong	+0.0100%	8h	116.74	long leg	$44K	$886K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	116.81	+0.059%	$1.0M	$554K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.75	+0.010%	$5.5M	$38.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.89	+0.128%	$720.0M	$369.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.82	+0.070%	$15.8M	$116.3M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.77	+0.026%	$358.9M	$1.54B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.69	−0.043%	$219K	$736K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	+0.084%	$1.2M	$7.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.009%	$126.7M	$10.4M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.77	+0.029%	$133.2M	$224.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.74	−0.003%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.78	+0.034%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.57	−0.150%	$24.9M	$96.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.60	−0.118%	$93.7M	$357.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	−0.031%	$47.8M	$25.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.63	−0.093%	$997K	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.70	−0.034%	$1.3M	$9.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.78	+0.034%	$328K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.79	+0.046%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.76	+0.015%	$26K	$37K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.77	+0.029%	$190K	$1.4M	30x
HTX SOL-USDT	+0.0100%	8h	116.77	+0.028%	$225.9M	$39.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.78	+0.034%	$45.3M	$98.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.72	−0.016%	$8.5M	$32.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.79	+0.041%	—	$211.6M	500x	as long as short
dYdX SOL-USD	+0.0145%	1h	116.74	−0.001%	$9.2M	$17.9M	20x	as long as short
BloFin SOL-USDT	+0.0186%	8h	116.78	+0.034%	$51.6M	$56.3M	125x	as long as short
Reya SOLRUSDPERP	+0.0200%	1h	116.73	−0.011%	$1.1M	$88K	25x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	+0.094%	$4K	$117	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0236% / S −0.0182%	1h	116.67	−0.062%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	116.82	+0.066%	$2.2M	$3.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0398%	1h	116.76	+0.013%	$25K	$46K	20x	as long as short