Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.037%

Price spread now: KuCoin against RISEx−0.134%7-day average +0.007% · 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−$38as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.101%−$10 on $10k

Price spread, last 7 days+0.138%+$14 · spread now −0.134%, 7d avg +0.007%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.141% cheaper against RISEx than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.101% in total (about -10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	116.51	0.0547	pay 0.0068% / 1h	47m 09s	$1.9M	$4.8M	20x
Short	KuCoin SOLUSDTM	116.36	0.0100	get 0.0100% / 8h	2h 47m	$124.0M	$227.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$93.84
Price spread: −0.134% → +0.007%: −$14.1
Slippage, 4 orders: −$5.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$131.62
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; KuCoin: live order book, 7 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 RISEx live order book, 2 min ago	0.04 bp	3.0 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	0.04 bp	8.1 bp −$8	12.5 bp −$125	21.2 bp −$2,115	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
Hibachi SOL/USDT-P	−0.0240%	1h	116.56	+0.045%	$105K	$705K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.37	−0.119%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0127%	1h	116.39	−0.106%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0112%	8h	116.32	−0.165%	$744.0M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.50	−0.009%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	116.30	−0.184%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.40	−0.096%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.43	−0.071%	$99K	$176K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.41	−0.089%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0020%	1h	116.48	−0.027%	$4.4M	$24.2M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0033%	1h	116.38	−0.110%	$147K	$1.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.38	−0.114%	$7.8M	$405.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0060%	1h	116.43	−0.067%	$26.2M	$22.9M	50x	as long as short
Bitget SOLUSDT	+0.0075%	8h	116.34	−0.148%	$480.5M	$449.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.40	−0.099%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.36	−0.130%	$13.0M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.37	−0.125%	$2.1M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.37	−0.118%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.41	−0.088%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.48	−0.030%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.48	−0.027%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.49	−0.019%	$699.2M	$393.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.35	−0.139%	$174.4M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.51	−0.004%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.35	−0.135%	$969.8M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.35	−0.139%	$366.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.002%	$212K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.49	−0.020%	$917K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.053%	$130.4M	$16.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.39	−0.105%	$850.2M	$659.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.37	−0.122%	$364.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.36	−0.134%	$124.0M	$227.6M	75x
BingX SOL-USDC	+0.0100%	8h	116.34	−0.149%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.51	−0.002%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.47	−0.032%	$25.1M	$114.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	−0.054%	$93.5M	$403.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.55	+0.030%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.56	+0.044%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.55	+0.032%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.39	−0.105%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.41	−0.092%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.36	−0.130%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.37	−0.122%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.35	−0.136%	$225.4M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.40	−0.096%	$45.3M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.33	−0.157%	$8.1M	$38.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.47	−0.036%	—	$237.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.032%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.56	+0.041%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.38	−0.113%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.36	−0.131%	$51.8M	$67.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.40	−0.094%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.50	−0.012%	$112K	$3.7M	8.3x	as long as short
RISEx SOL/USDClong	+0.0547%	1h	116.51	long leg	$1.9M	$4.8M	20x
Aftermath Perps SOLUSD	+0.0582%	1h	116.47	−0.033%	$25K	$52K	20x	as long as short