Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0054%/8hpaid last 24h 0.000%

Price spread now: Coinbase International against KuCoin+0.015%51s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.272% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.015%, 7d avg +0.009%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	117.80	0.0050	pay 0.0050% / 8h	4h 29m	$140.6M	$171.0M	75x
Short	Coinbase International SOL-PERP-INTX	117.82	0.0104	get 0.0013% / 1h	29m 19s	$7.7M	$393.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.015%Rate

Funding earned: $11.34
Price spread: +0.015% → +0.009%: $0.64
Slippage, 4 orders: −$5.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.23
Costs to cover: 0.272%
Break-even: 16.4 days

Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	0.04 bp	7.1 bp −$7	9.1 bp −$91	14.9 bp −$1,486	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.04 bp	5.1 bp −$5	9.3 bp −$93	17.3 bp −$1,734	313.2 bp −$156.6K

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
Injective SOL/USDC PERP	−0.0627%	1h	117.99	+0.161%	$4K	$41K	12x	as long as short
dYdX SOL-USD	−0.0184%	1h	117.88	+0.068%	$5.2M	$24.4M	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	117.77	−0.026%	—	$728K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.89	+0.078%	$836	$8K	25x	as long as short
Derive SOL-PERP	−0.0040%	1h	117.76	−0.032%	$1.9M	$3.0M	13x	as long as short
Bluefin SOL-PERP	−0.0016%	1h	117.83	+0.023%	$37K	$13K	25x	as long as short
Aftermath Perps SOLUSD	−0.0004%	1h	117.82	+0.013%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.84	+0.036%	$58K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.83	+0.025%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.81	+0.009%	$172K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0007%	8h	117.74	−0.051%	$229.6M	$41.7M	75x	as long as short
ApeX Omni SOLUSDT	+0.0041%	1h	117.79	−0.008%	$1.5M	$6.3M	50x	as long as short
KuCoin SOLUSDTMlong	+0.0050%	8h	117.80	long leg	$140.6M	$171.0M	75x
BingX SOL-USDC	+0.0050%	8h	117.82	+0.019%	—	$10.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0053%	8h	117.84	+0.031%	$1.1M	$5.5M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	117.80	+0.002%	$34.1M	$83.8M	100x	as long as short
Bitget SOLUSDT	+0.0063%	8h	117.79	−0.009%	$494.4M	$436.5M	100x	as long as short
Gate SOL_USDT	+0.0072%	8h	117.81	+0.008%	$854.6M	$657.9M	100x	as long as short
OKX SOL-USDT-SWAP	+0.0072%	8h	117.81	+0.008%	$366.0M	$1.65B	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0073%	1h	117.87	+0.060%	$26.5M	$27.1M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.91	+0.093%	$13.5M	$48.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.88	+0.069%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.83	+0.025%	$114K	$133K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.78	−0.016%	$348K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.82	+0.017%	$1.0M	$437K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	+0.034%	$43K	$725K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.78	−0.016%	$5.4M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.91	+0.093%	$709.3M	$426.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.82	+0.021%	$177.5M	$170.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.90	+0.084%	$13.3M	$105.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.80	0.000%	$959.9M	$3.62B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.83	+0.022%	$814.9M	$1.23B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.69	−0.093%	$233K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.85	+0.046%	$1.8M	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.81	+0.008%	$473.7M	$1.05B	300x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.82	+0.017%	$24.1M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.83	+0.029%	$27.9M	$117.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.74	−0.051%	$94.6M	$382.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.74	−0.047%	$48.2M	$32.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.84	+0.034%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.84	+0.034%	$389K	$2.2M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.81	+0.011%	$199K	$1.8M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.81	+0.007%	$191K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.76	−0.034%	$6.1M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.81	+0.008%	$45.9M	$96.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.75	−0.042%	$129.4M	$16.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.78	−0.020%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0104%	1h	117.82	+0.015%	$7.7M	$393.9M	50x
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	117.94	+0.116%	—	$206.7M	500x	as long as short
Phoenix SOL	+0.0149%	1h	117.92	+0.102%	$7.4M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0173% / S −0.0075%	1h	117.84	+0.035%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	117.79	−0.009%	$1.1M	$531K	25x	as long as short
RISEx SOL/USDC	+0.0185%	1h	117.83	+0.025%	$1.6M	$6.5M	20x	as long as short
Hibachi SOL/USDT-P	+0.0208%	1h	117.86	+0.048%	$116K	$527K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.84	+0.034%	$51.6M	$91.7M	125x	as long as short