Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.014%

Price spread now: MEXC against Kraken Futures−0.020%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.020%, 7d avg +0.009%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.009%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.117%, 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	116.41	−0.0072	get 0.0009% / 1h	46m 14s	$32.8M	$103.9M	100x
Short	MEXC SOL_USDT	116.39	0.0100	get 0.0100% / 8h	1h 46m	$361.3M	$1.07B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $36.11
Price spread: −0.020% → +0.009%: −$2.86
Slippage, 4 orders: −$6.3
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 1 bp × 2 orders: −$2
Net: $14.94
Costs to cover: 0.183%
Break-even: 4.1 days

Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	0.43 bp	6.8 bp −$7	9.4 bp −$94	15.2 bp −$1,517	29.8 bp −$14.9K
Sell MEXC live order book, 3 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$256	4.5 bp −$2,253

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
Bybit SOLUSDT	−0.0110%	8h	116.37	−0.037%	$740.2M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.68	+0.231%	$98K	$685K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.086%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0072%	1h	116.41	long leg	$32.8M	$103.9M	100x
Derive SOL-PERP	−0.0048%	1h	116.34	−0.067%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0012%	1h	116.40	−0.015%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.42	+0.006%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.46	+0.043%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.45	+0.030%	$111K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.48	+0.057%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.38	−0.033%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	−0.003%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.41	−0.004%	$8.0M	$404.4M	50x	as long as short
Bitget SOLUSDT	+0.0050%	8h	116.39	−0.024%	$479.8M	$462.6M	100x	as long as short
SoDEX SOL-USD	+0.0058%	1h	116.42	+0.006%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.40	−0.011%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0091%	8h	116.42	+0.006%	$175.5M	$176.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.39	−0.020%	$13.0M	$60.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.40	−0.012%	$350K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.45	+0.034%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.37	−0.037%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.41	−0.001%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.51	+0.083%	$697.1M	$410.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.48	+0.058%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.38	−0.028%	$966.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.40	−0.011%	$370.0M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	+0.083%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.43	+0.016%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.118%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.38	−0.029%	$845.1M	$665.3M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.39	−0.020%	$361.3M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.39	−0.023%	$128.8M	$232.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.35	−0.054%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.43	+0.014%	$23.0M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	+0.114%	$24.8M	$112.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.53	+0.104%	$93.6M	$411.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.64	+0.195%	$47.7M	$31.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.087%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.52	+0.092%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.38	−0.029%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.41	−0.006%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.42	+0.009%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.44	+0.019%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.46	+0.043%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.38	−0.029%	$45.3M	$105.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.36	−0.043%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0117%	1h	116.48	+0.054%	$26.4M	$21.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	+0.040%	—	$235.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.581%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.76	+0.298%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.35	−0.051%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.023%	$52.3M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.41	−0.001%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.48	+0.057%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.61	+0.171%	$25K	$56K	20x	as long as short