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

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

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

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

Long on MEXC Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.029% dearer against MEXC than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	116.39	0.0100	pay 0.0100% / 8h	1h 46m	$361.3M	$1.07B	300x
Short	Kraken Futures PF_SOLUSD	116.41	−0.0072	pay 0.0009% / 1h	46m 13s	$32.8M	$103.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$36.11
Price spread: +0.020% → −0.009%: $2.86
Slippage, 4 orders: −$6.3
Fee MEXC: 1 bp × 2 orders: −$2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$51.55
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: 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 MEXC live order book, 3 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$288	3.4 bp −$1,717
Sell Kraken Futures live order book, 3 min ago	0.43 bp	8.6 bp −$9	11.9 bp −$119	16.4 bp −$1,636	26.7 bp −$13.4K

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	−0.017%	$740.2M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.68	+0.251%	$98K	$685K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.106%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0072%	1h	116.41	+0.020%	$32.8M	$103.9M	100x
Derive SOL-PERP	−0.0048%	1h	116.34	−0.047%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0012%	1h	116.40	+0.005%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.42	+0.026%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.46	+0.063%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.45	+0.050%	$111K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.48	+0.077%	$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	−0.013%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	+0.017%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.41	+0.016%	$8.0M	$404.4M	50x	as long as short
Bitget SOLUSDT	+0.0050%	8h	116.39	−0.004%	$479.8M	$462.6M	100x	as long as short
SoDEX SOL-USD	+0.0058%	1h	116.42	+0.026%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.40	+0.009%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0091%	8h	116.42	+0.026%	$175.5M	$176.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.39	0.000%	$13.0M	$60.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.40	+0.007%	$350K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.45	+0.054%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.37	−0.017%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.41	+0.019%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.51	+0.103%	$697.1M	$410.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.48	+0.078%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.38	−0.008%	$966.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.40	+0.009%	$370.0M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	+0.103%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.43	+0.036%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.137%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.38	−0.009%	$845.1M	$665.3M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	116.39	long leg	$361.3M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.39	−0.003%	$128.8M	$232.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.35	−0.034%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.43	+0.034%	$23.0M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	+0.134%	$24.8M	$112.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.53	+0.124%	$93.6M	$411.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.64	+0.215%	$47.7M	$31.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.107%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.52	+0.112%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.38	−0.009%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.41	+0.014%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.42	+0.029%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.44	+0.039%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.46	+0.063%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.38	−0.009%	$45.3M	$105.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.36	−0.023%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0117%	1h	116.48	+0.073%	$26.4M	$21.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	+0.060%	—	$235.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.601%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.76	+0.318%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.35	−0.031%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.043%	$52.3M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.41	+0.019%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.48	+0.077%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.61	+0.191%	$25K	$56K	20x	as long as short