Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.001%

Price spread now: Kraken Futures against SunX+0.039%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.039%, 7d avg +0.015%

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.024% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	119.25	0.0100	pay 0.0100% / 8h	2h 07m	$194K	$1.9M	30x
Short	Kraken Futures PF_SOLUSD	119.30	0.0223	get 0.0028% / 1h	7m 45s	$35.5M	$91.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: $25.83
Price spread: +0.039% → +0.015%: $2.44
Slippage, 4 orders: −$22.61
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.33
Costs to cover: 0.406%
Break-even: 10.3 days

Slippage from SunX: live order book, 8 min ago; Kraken Futures: live order book, 1 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 SunX live order book, 8 min ago	1.57 bp	7.4 bp −$7	22.4 bp −$224	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	0.42 bp	7.8 bp −$8	8.2 bp −$82	13.1 bp −$1,313	24.8 bp −$12.4K

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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.130%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	+0.010%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.23	−0.020%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.20	−0.050%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0007%	1h	119.29	+0.028%	$4.9M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.30	+0.035%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.32	+0.059%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.32	+0.054%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0004%	1h	119.34	+0.074%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0041%	1h	119.42	+0.141%	$24K	$47K	20x	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	+0.0055%	8h	119.26	+0.001%	$232.3M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.29	+0.029%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.46	+0.171%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.31	+0.046%	$104K	$153K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.28	+0.020%	—	$374.3M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.25	−0.004%	$871.0M	$689.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.27	+0.015%	$13.7M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.26	+0.006%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.26	+0.008%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.24	−0.009%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.27	+0.013%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.26	+0.009%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.40	+0.122%	$720.4M	$413.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	+0.013%	$179.0M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	+0.045%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.26	+0.004%	$977.4M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.28	+0.021%	$824.7M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.25	−0.004%	$371.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.18	−0.063%	$234K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.050%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	−0.004%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.29	+0.030%	$450.2M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.27	+0.012%	$140.4M	$198.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.25	−0.002%	$497.5M	$453.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.29	+0.030%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.132%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.34	+0.072%	$95.9M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.38	+0.109%	$48.9M	$33.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.37	+0.099%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.34	+0.072%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.27	+0.013%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.26	+0.008%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.29	+0.031%	$38K	$16K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	119.25	long leg	$194K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.27	+0.013%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.28	+0.021%	$46.6M	$101.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.23	−0.019%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.33	+0.062%	$8.2M	$416.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.34	+0.069%	—	$221.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.34	+0.072%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.29	+0.030%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.29	+0.030%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.26	+0.006%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.30	+0.038%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0223%	1h	119.30	+0.039%	$35.5M	$91.3M	100x