SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Hyperliquid against Kraken Futures+0.076%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now +0.076%, 7d avg +0.057%

Together, before fees+0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	119.66	0.0105	pay 0.0013% / 1h	52m 18s	$32.7M	$97.0M	100x
Short	Hyperliquid SOL	119.75	0.0100	get 0.0013% / 1h	52m 18s	$724.9M	$409.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$0.96
Price spread: +0.076% → +0.057%: $1.83
Slippage, 4 orders: −$4.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$22.8
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 12 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, 2 min ago	0.42 bp	6.9 bp −$7	9.4 bp −$94	15.9 bp −$1,587	30.9 bp −$15.4K
Sell Hyperliquid live order book, 12 min ago	0.42 bp	4.9 bp −$5	5.5 bp −$55	8.4 bp −$836	13.2 bp −$6,586

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	119.77	+0.094%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.65	−0.011%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.53	−0.106%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.63	−0.026%	$113K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.71	+0.042%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.84	+0.151%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.67	+0.006%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	119.69	+0.026%	$26.8M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.150%	$1.5M	$6.2M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.70	+0.034%	$104K	$157K	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	+0.0071%	8h	119.63	−0.027%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.64	−0.016%	—	$371.5M	—	as long as short
HTX SOL-USDT	+0.0087%	8h	119.78	+0.104%	$233.2M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.64	−0.016%	$872.4M	$673.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.67	+0.008%	$13.7M	$55.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.73	+0.058%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.81	+0.130%	$122K	$639K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.61	−0.045%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.85	+0.162%	$8.3M	$419.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.66	+0.002%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.66	0.000%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.69	+0.030%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	119.75	+0.076%	$724.9M	$409.9M	20x
Aster SOLUSDT	+0.0100%	8h	119.67	+0.010%	$179.2M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.71	+0.045%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.63	−0.021%	$985.8M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.63	−0.024%	$831.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.60	−0.050%	$373.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.78	+0.101%	$234K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.70	+0.037%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.259%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.64	−0.016%	$454.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.69	+0.021%	$140.2M	$203.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.62	−0.036%	$498.1M	$456.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.84	+0.151%	$24.3M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.52	−0.118%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.65	−0.007%	$96.1M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.76	+0.083%	$49.0M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.84	+0.151%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.64	−0.016%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.65	−0.010%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.63	−0.026%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.66	+0.003%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.64	−0.016%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.84	+0.151%	$46.8M	$102.4M	50x	as long as short
Aftermath Perps SOLUSD	+0.0100%	1h	119.60	−0.050%	$24K	$47K	20x	as long as short
Phoenix SOL	+0.0100%	1h	119.58	−0.066%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.58	−0.064%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0105%	1h	119.66	long leg	$32.7M	$97.0M	100x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.66	+0.002%	—	$224.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.534%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.63	−0.024%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.81	+0.126%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.70	+0.033%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0241% / S −0.0186%	1h	119.66	−0.003%	$3.8M	—	200x	as long as short