SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%

Price spread now: Bullet against Kraken Futures−0.015%7-day average −0.001% · 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−$27as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Kraken Futures Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.015%, 7d avg −0.001%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	119.20	0.0150	pay 0.0019% / 1h	59m 17s	$35.5M	$91.3M	100x
Short	Bullet SOL-USD	119.18	0.0100	get 0.0013% / 1h	59m 17s	$201K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$10.41
Price spread: −0.015% → −0.001%: −$1.42
Slippage, 4 orders: −$7.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$37
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Bullet: 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	1.26 bp	7.8 bp −$8	10.6 bp −$106	16.6 bp −$1,655	32.7 bp −$16.3K
Sell Bullet live order book, 5 min ago	0.25 bp	5.3 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

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
Derive SOL-PERP	−0.0100%	1h	119.10	−0.085%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.09	−0.088%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.11	−0.071%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0008%	1h	119.14	−0.051%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.20	+0.001%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.21	+0.010%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.17	−0.020%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.25	+0.045%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0047%	1h	119.22	+0.015%	$24K	$47K	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.18	−0.018%	$120K	$633K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0063%	8h	119.20	+0.005%	$1.1M	$5.9M	100x	as long as short
Nado SOL-PERP	+0.0064%	1h	119.17	−0.025%	$6.3M	$42.0M	40x	as long as short
HTX SOL-USDT	+0.0064%	8h	119.15	−0.042%	$232.1M	$44.7M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.23	+0.026%	$104K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.18	−0.013%	—	$375.0M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.18	−0.016%	$868.6M	$673.5M	100x	as long as short
ApeX Omni SOLUSDT	+0.0095%	1h	119.15	−0.041%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.19	−0.009%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.19	−0.005%	$2.1M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.18	−0.014%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.086%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	−0.066%	$48K	$787K	20x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.28	+0.068%	$719.5M	$414.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.20	+0.001%	$178.8M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.15	−0.039%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	+0.060%	$977.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.29	+0.076%	$823.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.25	+0.043%	$372.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.03	−0.142%	$233K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.20	+0.001%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.122%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.28	+0.068%	$436.7M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.20	+0.001%	$140.7M	$199.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.18	−0.013%	$496.6M	$453.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.13	−0.058%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.016%	$27.4M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.050%	$95.7M	$398.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.08	−0.100%	$48.7M	$33.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.19	−0.008%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.20	+0.001%	$364K	$2.4M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	119.18	−0.015%	$201K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	119.19	−0.003%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.10	−0.079%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.19	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.25	+0.043%	$46.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.17	−0.026%	$8.7M	$36.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.24	+0.034%	$8.2M	$416.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.13	−0.062%	—	$222.1M	500x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0150%	1h	119.20	long leg	$35.5M	$91.3M	100x
Phoenix SOL	+0.0154%	1h	119.22	+0.018%	$6.5M	$12.3M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.19	−0.004%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.19	−0.011%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.21	+0.013%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.177%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.20	+0.001%	$52.1M	$86.8M	125x	as long as short