SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.003%

Price spread now: Bulk against Kraken Futures−0.062%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Kraken Futures Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.062%, 7d avg +0.022%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.084% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.022%). If the spread goes back, that is −$8 on $10k: about 5.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	117.53	0.0049	pay 0.0006% / 1h	4m 16s	$31.5M	$98.6M	100x
Short	Bulk SOL-USD	117.46	0.0100	get 0.0013% / 1h	4m 16s	$134.5M	$14.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.63
Price spread: −0.062% → +0.022%: −$8.4
Slippage, 4 orders: −$14.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$29.14
Costs to cover: 0.314%
Break-even: 26.2 days

Slippage from Kraken Futures: live order book, 5 min ago; Bulk: live order book, 5 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, 5 min ago	1.70 bp	7.8 bp −$8	10.1 bp −$101	13.3 bp −$1,335	22.8 bp −$11.4K
Sell Bulk live order book, 5 min ago	4.26 bp	7.8 bp −$8	7.8 bp −$78	14.2 bp −$1,417	15.9 bp −$7,926

SOL on 54 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	117.47	−0.053%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.50	−0.024%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.56	+0.031%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.53	+0.002%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	+0.047%	$1.4M	$20.4M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.65	+0.102%	$1.9M	$4.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0021%	1h	117.56	+0.026%	$26.4M	$25.4M	50x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.48	−0.043%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.48	−0.043%	$228.3M	$45.4M	75x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	117.57	+0.037%	$100K	$690K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSDlong	+0.0049%	1h	117.53	long leg	$31.5M	$98.6M	100x
Gate SOL_USDT	+0.0072%	8h	117.56	+0.027%	$847.8M	$667.4M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.58	+0.048%	$8.0M	$405.5M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.54	+0.011%	—	$10.6M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	−0.030%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.54	+0.009%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.55	+0.020%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.54	+0.007%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.63	+0.087%	$100K	$162K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.52	−0.009%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.60	+0.061%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.55	+0.019%	$67K	$846K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.51	−0.015%	$5.8M	$40.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.58	+0.045%	$176.5M	$178.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.60	+0.065%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.56	+0.027%	$969.2M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.56	+0.030%	$820.5M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.53	+0.002%	$366.9M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.092%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.60	+0.064%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.57	+0.036%	$423.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.60	+0.058%	$130.6M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.54	+0.011%	$487.2M	$436.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.44	−0.075%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.003%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.48	−0.037%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.36	−0.145%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.48	−0.041%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.56	+0.027%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.54	+0.007%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.55	+0.017%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.56	+0.029%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.52	−0.007%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.56	+0.027%	$45.8M	$100.8M	50x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	117.46	−0.062%	$134.5M	$14.2M	20x
Phoenix SOL	+0.0101%	1h	117.52	−0.007%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.49	−0.029%	$8.1M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.55	+0.017%	—	$222.7M	500x	as long as short
Hyperliquid SOL	+0.0120%	1h	117.69	+0.138%	$717.8M	$394.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.55	+0.020%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.066%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.54	+0.011%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0352%	1h	117.57	+0.040%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.62	+0.075%	$128K	$3.8M	8.3x	as long as short