Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against KuCoin+0.026%7-day average +0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

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

Long on KuCoin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.026%, 7d avg +0.001%

Together, before fees−0.041%−$4 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: Bulk is 0.025% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	118.12	0.0100	pay 0.0100% / 8h	6h 48m	$133.7M	$207.6M	75x
Short	Bulk SOL-USD	118.15	0.0100	get 0.0013% / 1h	48m 03s	$136.0M	$13.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.001%: $2.51
Slippage, 4 orders: −$12.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$28.86
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bulk: live order book, 1 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, 6 min ago	0.42 bp	6.9 bp −$7	10.4 bp −$104	15.8 bp −$1,578	doesn't fit
Sell Bulk live order book, 1 min ago	4.23 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$773	9.3 bp −$4,642

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
ApeX Omni SOLUSDT	−0.0412%	1h	117.96	−0.132%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.04	−0.065%	$92K	$706K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.20	+0.072%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.00	−0.100%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0041%	8h	117.96	−0.136%	$229.4M	$45.0M	75x	as long as short
Gate SOL_USDT	−0.0024%	8h	118.07	−0.041%	$853.6M	$652.6M	100x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.99	−0.109%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.03	−0.075%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.15	+0.027%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.11	−0.005%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	118.14	+0.019%	$131K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0012%	1h	118.13	+0.011%	$26.4M	$25.3M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.07	−0.040%	$1.8M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.12	0.000%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.11	−0.008%	$8.0M	$411.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.17	+0.044%	—	$369.8M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.08	−0.036%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.11	−0.008%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.09	−0.025%	$13.5M	$58.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.08	−0.036%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.06	−0.052%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.13	+0.010%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.03	−0.075%	$43K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.06	−0.046%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.09	−0.025%	$177.6M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.17	+0.040%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.12	−0.002%	$978.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.15	+0.026%	$823.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.13	+0.009%	$368.8M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.14	+0.018%	$239K	$909K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.10	−0.013%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	118.15	+0.026%	$136.0M	$13.0M	20x
MEXC SOL_USDT	+0.0100%	8h	118.10	−0.016%	$423.7M	$1.10B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	118.12	long leg	$133.7M	$207.6M	75x
Bitget SOLUSDT	+0.0100%	8h	118.10	−0.014%	$489.9M	$445.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.13	+0.009%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.97	−0.129%	$24.4M	$129.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.329%	$94.6M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.06	−0.049%	$48.4M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.10	−0.016%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.03	−0.075%	$354K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.03	−0.076%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.06	−0.049%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.10	−0.019%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.07	−0.041%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.08	−0.033%	$46.0M	$101.5M	50x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.086%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.08	−0.033%	$8.3M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.18	+0.050%	—	$228.5M	500x	as long as short
Hyperliquid SOL	+0.0124%	1h	118.28	+0.136%	$720.8M	$402.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.99	−0.111%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	−0.067%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.169%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.02	−0.082%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0302%	1h	118.07	−0.038%	$25K	$51K	20x	as long as short