Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado−0.075%7-day average −0.012% · you buy dearer than you sell

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−$230.227% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.075%, 7d avg −0.012%

Together, before fees+0.083%+ Points / potential airdropNado: Active · farm board+$8 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: KuCoin is 0.062% cheaper against Nado than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	116.39	0.0100	pay 0.0012% / 1h	37m 03s	$5.5M	$41.5M	40x
Short	KuCoin SOLUSDTM	116.31	0.0100	get 0.0100% / 8h	37m 03s	$132.0M	$233.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.012%: −$6.24
Slippage, 4 orders: −$3.73
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.97
Costs to cover: 0.227%
Break-even: 2976410008721305.5 days

Slippage from Nado: live order book, 2 min ago; KuCoin: 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 Nado live order book, 2 min ago	0.43 bp	3.9 bp −$4	5.1 bp −$51	9.4 bp −$938	33.1 bp −$16.5K
Sell KuCoin live order book, 2 min ago	0.43 bp	7.3 bp −$7	10.2 bp −$102	19.5 bp −$1,954	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.33	−0.052%	$32.4M	$106.4M	100x	as long as short
Hibachi SOL/USDT-P	−0.0144%	1h	116.48	+0.071%	$96K	$684K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.32	−0.068%	$735.4M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0088%	1h	116.39	−0.005%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.41	+0.013%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.391%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0050%	1h	116.34	−0.049%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.35	−0.040%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.40	+0.009%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.34	−0.044%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0006%	1h	116.35	−0.039%	$4.3M	$23.5M	20x	as long as short
SoDEX SOL-USD	+0.0008%	1h	116.30	−0.082%	$6.1M	$11.0M	20x	as long as short
Lighter RH SOL	+0.0024%	1h	116.28	−0.095%	$2.1M	$16.7M	25x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.35	−0.042%	$480.0M	$458.0M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.34	−0.047%	$99K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.33	−0.060%	$7.9M	$400.7M	50x	as long as short
Aster SOLUSDT	+0.0057%	8h	116.37	−0.021%	$176.8M	$168.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0074%	8h	116.31	−0.076%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	116.38	−0.012%	$26.4M	$22.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.41	+0.010%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.28	−0.095%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.34	−0.051%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.29	−0.090%	$64K	$913K	20x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	116.39	long leg	$5.5M	$41.5M	40x
Hyperliquid SOL	+0.0100%	1h	116.42	+0.021%	$702.0M	$405.9M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	+0.017%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.34	−0.047%	$964.1M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.39	−0.004%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.021%	$218K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.37	−0.023%	$890K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.35	−0.039%	$846.0M	$662.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.27	−0.107%	$368.3M	$1.06B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.31	−0.075%	$132.0M	$233.9M	75x
BingX SOL-USDC	+0.0100%	8h	116.32	−0.061%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.36	−0.030%	$23.0M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.64	+0.212%	$25.0M	$108.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	+0.084%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.124%	$47.7M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.279%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.099%	$1.3M	$11.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.32	−0.064%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.34	−0.047%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.33	−0.054%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.30	−0.079%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.29	−0.090%	$225.1M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.32	−0.064%	$45.2M	$104.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.133%	$126.1M	$26.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.26	−0.113%	$8.2M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.35	−0.043%	—	$233.8M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.76	+0.314%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.29	−0.094%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.27	−0.107%	$51.8M	$65.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.34	−0.047%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0480%	1h	116.60	+0.178%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.41	+0.015%	$2.1M	$4.8M	20x	as long as short