Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.001%

Price spread now: KuCoin against SoDEX+0.015%7-day average +0.022% · 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−$24as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.015%, 7d avg +0.022%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.60	0.0099	pay 0.0012% / 1h	14m 57s	$6.1M	$11.0M	20x
Short	KuCoin SOLUSDTM	116.62	0.0100	get 0.0100% / 8h	1h 14m	$133.0M	$233.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.28
Price spread: +0.015% → +0.022%: −$0.68
Slippage, 4 orders: −$3.5
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.9
Costs to cover: 0.235%
Break-even: 605.5 days

Slippage from SoDEX: live order book, 4 min ago; KuCoin: 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 SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	13.8 bp −$1,384	doesn't fit
Sell KuCoin live order book, 4 min ago	0.38 bp	6.6 bp −$7	10.4 bp −$104	18.8 bp −$1,885	doesn't fit

SOL on 54 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	−0.0184%	1h	116.62	+0.014%	$97K	$688K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.59	−0.009%	$739.3M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.61	+0.008%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.64	+0.036%	$32.3M	$106.3M	100x	as long as short
Vest SOL-PERP	−0.0044%	1h	116.56	−0.037%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.57	−0.026%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.63	+0.024%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.58	−0.019%	$106K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.62	+0.017%	$4.3M	$23.7M	20x	as long as short
Bitget SOLUSDT	+0.0041%	8h	116.59	−0.005%	$480.5M	$460.2M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0048%	1h	116.60	−0.003%	$2.2M	$16.9M	25x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.60	0.000%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.047%	$8.1M	$404.2M	50x	as long as short
Aster SOLUSDT	+0.0080%	8h	116.60	0.000%	$176.6M	$170.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0085%	8h	116.58	−0.013%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0089%	1h	116.68	+0.069%	$26.4M	$21.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0092%	8h	116.53	−0.063%	$1.0M	$553K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.60	+0.003%	$13.1M	$61.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	0.000%	$351K	$252K	20x	as long as short
SoDEX SOL-USDlong	+0.0099%	1h	116.60	long leg	$6.1M	$11.0M	20x
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.051%	$66K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.57	−0.022%	$5.5M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.75	+0.129%	$699.3M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.63	+0.029%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.61	+0.007%	$967.1M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.60	0.000%	$367.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.55	−0.043%	$217K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	−0.022%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.74	+0.117%	$125.3M	$26.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.63	+0.026%	$850.3M	$674.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.60	0.000%	$366.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.62	+0.015%	$133.0M	$233.6M	75x
BingX SOL-USDC	+0.0100%	8h	116.60	+0.003%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	+0.034%	$23.1M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	−0.039%	$25.0M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.063%	$93.7M	$409.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.73	+0.113%	$47.7M	$30.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.71	+0.094%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	+0.026%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.56	−0.034%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.61	+0.010%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	+0.002%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.56	−0.038%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.56	−0.035%	$225.7M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.59	−0.009%	$45.4M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.57	−0.028%	$8.0M	$38.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.60	+0.002%	—	$237.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.69	+0.077%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.76	+0.137%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.53	−0.060%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.55	−0.043%	$52.0M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.56	−0.032%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.63	+0.028%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0495%	1h	116.69	+0.079%	$25K	$57K	20x	as long as short