Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.005%

Price spread now: Gate against Coinbase International−0.160%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.160%, 7d avg −0.020%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.140% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	119.79	0.0112	pay 0.0014% / 1h	39m 30s	$8.2M	$416.0M	50x
Short	Gate SOL_USDT	119.60	0.0089	get 0.0089% / 8h	1h 39m	$872.1M	$679.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.160%Rate

Funding earned: −$4.83
Price spread: −0.160% → −0.020%: −$14.01
Slippage, 4 orders: −$3.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.96
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Gate: live order book, 5 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 Coinbase International live order book, 5 min ago	0.04 bp	5.0 bp −$5	6.5 bp −$65	17.0 bp −$1,702	doesn't fit
Sell Gate live order book, 5 min ago	0.42 bp	7.9 bp −$8	11.2 bp −$112	16.4 bp −$1,641	30.2 bp −$15.1K

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
Bluefin SOL-PERP	−0.0393%	1h	119.74	−0.045%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.68	−0.095%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.58	−0.173%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.58	−0.178%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.62	−0.140%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.61	−0.149%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	−0.064%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.61	−0.152%	$178K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0009%	1h	119.80	+0.007%	$26.8M	$27.6M	50x	as long as short
Hibachi SOL/USDT-P	+0.0016%	1h	119.81	+0.013%	$120K	$611K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SOL	+0.0054%	1h	119.84	+0.040%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0065%	1h	119.56	−0.196%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.78	−0.008%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0077%	8h	119.71	−0.068%	$233.2M	$44.6M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.58	−0.173%	—	$10.5M	—	as long as short
Gate SOL_USDTshort	+0.0089%	8h	119.60	−0.160%	$872.1M	$679.7M	100x
Lighter SOL	+0.0096%	1h	119.59	−0.169%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.60	−0.159%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.62	−0.144%	$105K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.68	−0.091%	$355K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.56	−0.198%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.58	−0.177%	$45K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.58	−0.181%	$6.2M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.70	−0.077%	$721.7M	$414.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.60	−0.157%	$179.0M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.63	−0.134%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.59	−0.168%	$989.2M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.60	−0.163%	$826.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.58	−0.177%	$372.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.74	−0.043%	$234K	$889K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.64	−0.129%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.60	−0.160%	$458.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.60	−0.161%	$141.3M	$199.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.58	−0.174%	$496.5M	$454.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.77	−0.018%	$24.2M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.76	−0.026%	$27.8M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.71	−0.070%	$96.1M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.74	−0.041%	$49.0M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.73	−0.053%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.78	−0.010%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.58	−0.177%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.59	−0.166%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.74	−0.043%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.75	−0.035%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.74	−0.043%	$46.8M	$101.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	−0.036%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.54	−0.206%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	119.79	long leg	$8.2M	$416.0M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.74	−0.048%	—	$222.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.76	−0.026%	$32.7M	$95.3M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.60	−0.162%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.58	−0.175%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.61	−0.152%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.553%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.69	−0.085%	$52.1M	$82.8M	125x	as long as short