Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: ApeX Omni against KuCoin−0.263%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.250%−$25 on $10k

Price spread, last 7 days+0.229%+$23 · spread now −0.263%, 7d avg −0.008%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.255% cheaper against KuCoin than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	119.41	0.0100	pay 0.0100% / 8h	1h 47m	$140.8M	$199.3M	75x
Short	ApeX Omni SOLUSDT	119.10	0.0100	get 0.0013% / 1h	47m 25s	$1.5M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.008%: −$25.48
Slippage, 4 orders: −$7.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$55.07
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; ApeX Omni: live order book, 2 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 KuCoin live order book, 7 min ago	0.04 bp	8.9 bp −$9	9.7 bp −$97	16.7 bp −$1,665	doesn't fit
Sell ApeX Omni live order book, 2 min ago	0.84 bp	5.8 bp −$6	9.1 bp −$91	67.2 bp −$6,723	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	−0.0094%	1h	119.15	−0.219%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.42	+0.003%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.31	−0.090%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0003%	1h	119.43	+0.012%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.25	−0.137%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.23	−0.153%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.30	−0.099%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.25	−0.134%	$120K	$618K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.20	−0.179%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0056%	1h	119.24	−0.144%	$24K	$47K	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	+0.0065%	8h	119.24	−0.143%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.15	−0.221%	$232.1M	$44.5M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.35	−0.054%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.44	+0.022%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.41	−0.003%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.39	−0.020%	$2.1M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.22	−0.162%	$353K	$748K	20x	as long as short
Gate SOL_USDT	+0.0097%	8h	119.39	−0.020%	$869.2M	$677.3M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.33	−0.068%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.39	−0.020%	$46K	$789K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.40	−0.015%	$6.3M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.50	+0.072%	$721.0M	$414.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.40	−0.012%	$178.7M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.43	+0.012%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.42	+0.003%	$983.7M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.44	+0.019%	$824.6M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.40	−0.012%	$372.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.10	−0.263%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.46	+0.039%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	−0.220%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.41	−0.003%	$437.6M	$1.10B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	119.41	long leg	$140.8M	$199.3M	75x
Bitget SOLUSDT	+0.0100%	8h	119.40	−0.011%	$496.4M	$453.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.30	−0.095%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.16	−0.209%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.18	−0.198%	$95.7M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.10	−0.263%	$48.7M	$32.5M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	119.10	−0.263%	$1.5M	$6.2M	50x
StandX SOL-USD	+0.0100%	1h	119.15	−0.221%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.40	−0.012%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.122%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.06	−1.138%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.20	−0.181%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.23	−0.154%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.21	−0.171%	$46.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.38	−0.030%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.28	−0.109%	$8.2M	$415.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.22	−0.163%	—	$221.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.26	−0.132%	$32.8M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.24	−0.143%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.36	−0.045%	$1.1M	$558K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0191%	1h	119.31	−0.088%	$26.7M	$27.6M	50x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.45	+0.029%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	−0.003%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.20	−0.179%	$52.1M	$86.9M	125x	as long as short