Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.026%

Price spread now: Gate against ApeX Omni−0.084%81s7-day average +0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.295% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.084%, 7d avg +0.002%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.086% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.002%). If the spread goes back, that is −$9 on $10k: about 3.2 days of funding at the current rate (+$3 a day). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	118.62	−0.0015	get 0.0002% / 1h	12m 06s	$1.5M	$6.2M	50x
Short	Gate SOL_USDT	118.52	0.0075	get 0.0075% / 8h	12m 06s	$864.8M	$686.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $18.96
Price spread: −0.084% → +0.002%: −$8.64
Slippage, 4 orders: −$4.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.14
Costs to cover: 0.295%
Break-even: 14.1 days

Slippage from ApeX Omni: live order book, 7 min ago; Gate: 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 ApeX Omni live order book, 7 min ago	1.26 bp	6.3 bp −$6	8.0 bp −$80	56.8 bp −$5,685	doesn't fit
Sell Gate live order book, 2 min ago	0.42 bp	8.5 bp −$9	11.0 bp −$110	17.8 bp −$1,775	28.8 bp −$14.4K

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
Derive SOL-PERP	−0.0100%	1h	118.47	−0.129%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.54	−0.068%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.53	−0.073%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.58	−0.032%	$4.8M	$28.0M	20x	as long as short
ApeX Omni SOLUSDTlong	−0.0015%	1h	118.62	long leg	$1.5M	$6.2M	50x
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.58	−0.035%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.60	−0.020%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.61	−0.009%	$175K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	118.60	−0.018%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDTshort	+0.0075%	8h	118.52	−0.084%	$864.8M	$686.3M	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0076%	8h	118.57	−0.044%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.51	−0.096%	$230.7M	$45.2M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.61	−0.008%	$103K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.57	−0.046%	—	$373.1M	—	as long as short
Lighter SOL	+0.0096%	1h	118.53	−0.073%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.52	−0.083%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.62	+0.003%	$120K	$632K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.54	−0.070%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.57	−0.042%	$8.1M	$416.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.59	−0.023%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.58	−0.034%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.61	−0.004%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.67	+0.042%	$717.5M	$411.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.57	−0.042%	$178.3M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.62	+0.002%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.57	−0.042%	$977.2M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.60	−0.017%	$822.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.60	−0.017%	$369.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.54	−0.067%	$228K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.61	−0.011%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.090%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.56	−0.051%	$425.7M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.56	−0.050%	$137.6M	$206.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.55	−0.062%	$491.7M	$459.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.57	−0.042%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.70	+0.066%	$27.0M	$129.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.65	+0.022%	$95.3M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.68	+0.051%	$48.6M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.57	−0.042%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.58	−0.034%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.57	−0.043%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.57	−0.046%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.55	−0.062%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.54	−0.067%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.56	−0.051%	$46.3M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.77	+0.126%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.52	−0.080%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.55	−0.061%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0110%	1h	118.64	+0.019%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.54	−0.069%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0064%	1h	118.58	−0.034%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.244%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.55	−0.058%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.55	−0.059%	$51.8M	$80.3M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.56	−0.047%	$1.8M	$4.9M	20x	as long as short