Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.022%

Price spread now: Binance against Kraken Futures−0.036%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.413%+$41 · spread now −0.036%, 7d avg +0.010%

Together, before fees+0.311%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.010%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	116.30	−0.0057	get 0.0007% / 1h	38m 07s	$32.3M	$105.5M	100x
Short	Binance SOLUSDT	116.26	0.0100	get 0.0100% / 8h	7h 38m	$961.4M	$3.83B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.036%Rate

Funding earned: $33.01
Price spread: −0.036% → +0.010%: −$4.55
Slippage, 4 orders: −$5.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $3.07
Costs to cover: 0.254%
Break-even: 6.3 days

Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 6 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 Kraken Futures live order book, 1 min ago	0.43 bp	7.1 bp −$7	9.9 bp −$99	17.0 bp −$1,699	36.5 bp −$18.3K
Sell Binance live order book, 6 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	8.5 bp −$853	20.2 bp −$10.1K

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
Hotstuff SOL-PERP	−0.0080%	1h	116.19	−0.094%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0057%	1h	116.30	long leg	$32.3M	$105.5M	100x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.28	−0.015%	$42K	—	150x	as long as short
Vest SOL-PERP	−0.0001%	1h	116.22	−0.067%	—	$636K	20x	as long as short
dYdX SOL-USD	0.0000%	1h	116.25	−0.044%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.18	−0.106%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.24	−0.056%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.19	−0.096%	$1.8M	$2.9M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0023%	1h	116.33	+0.022%	$26.2M	$21.6M	50x	as long as short
Bitget SOLUSDT	+0.0025%	8h	116.30	−0.006%	$479.7M	$451.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOLUSDT	+0.0029%	8h	116.26	−0.037%	$731.0M	$1.39B	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.30	−0.003%	$7.8M	$393.2M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.25	−0.045%	$176.9M	$169.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	116.26	−0.036%	$1.0M	$5.9M	100x	as long as short
Gate SOL_USDT	+0.0073%	8h	116.27	−0.028%	$848.3M	$610.4M	100x	as long as short
SoDEX SOL-USD	+0.0089%	1h	116.26	−0.037%	$6.1M	$11.0M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.26	−0.033%	$13.0M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.25	−0.043%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.25	−0.043%	$351K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.18	−0.108%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.21	−0.080%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.22	−0.070%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.40	+0.084%	$695.5M	$404.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.23	−0.067%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	116.26	−0.036%	$961.4M	$3.83B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.29	−0.011%	$366.0M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.14	−0.140%	$218K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.26	−0.038%	$932K	$8.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.28	−0.020%	$374.4M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.26	−0.033%	$129.7M	$237.4M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.29	−0.008%	—	$371.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.31	+0.006%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.24	−0.058%	$24.8M	$105.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.27	−0.027%	$93.4M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	+0.083%	$47.6M	$28.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.30	−0.002%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.28	−0.020%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.28	−0.020%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.27	−0.027%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.25	−0.045%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.20	−0.091%	$225.0M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.26	−0.037%	$45.2M	$103.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	−0.047%	$125.8M	$25.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.23	−0.066%	$8.2M	$36.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	116.31	+0.009%	$100K	$683K	20x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.31	+0.006%	$101K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.15	−0.130%	—	$230.9M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.33	+0.023%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.032%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.24	−0.057%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	−0.054%	$52.0M	$64.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.27	−0.026%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0408%	1h	116.34	+0.030%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.29	−0.014%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.0800%	1h	116.25	−0.047%	$27K	$36K	25x	as long as short