Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.010%

Price spread now: Gate against Deribit−0.086%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.086%, 7d avg −0.022%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	116.70	0.0113	pay 0.0014% / 1h	9m 02s	$26.4M	$21.7M	50x
Short	Gate SOL_USDT	116.60	0.0100	get 0.0100% / 8h	1h 09m	$850.0M	$675.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.086%Rate

Funding earned: −$2.82
Price spread: −0.086% → −0.022%: −$6.49
Slippage, 4 orders: −$4.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.11
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 5 min ago	0.09 bp	5.1 bp −$5	5.7 bp −$57	14.8 bp −$1,482	doesn't fit
Sell Gate live order book, 5 min ago	0.43 bp	7.9 bp −$8	10.3 bp −$103	16.8 bp −$1,677	27.5 bp −$13.8K

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	−0.0200%	1h	116.61	−0.078%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.61	−0.078%	$739.3M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.58	−0.107%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.64	−0.055%	$32.3M	$106.2M	100x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.59	−0.098%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	−0.073%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.65	−0.043%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.66	−0.039%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.62	−0.069%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0038%	8h	116.61	−0.075%	$480.7M	$459.4M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	116.67	−0.026%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.63	−0.060%	$8.0M	$402.7M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.59	−0.091%	$2.2M	$16.9M	25x	as long as short
Aster SOLUSDT	+0.0076%	8h	116.55	−0.129%	$176.4M	$169.6M	100x	as long as short
SoDEX SOL-USD	+0.0080%	1h	116.62	−0.069%	$6.1M	$11.0M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	116.61	−0.074%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0092%	8h	116.55	−0.131%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.62	−0.072%	$13.1M	$61.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	−0.069%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.57	−0.112%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.56	−0.116%	$5.5M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.71	+0.008%	$699.0M	$407.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.63	−0.062%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.62	−0.069%	$966.7M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.63	−0.061%	$367.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.62	−0.069%	$216K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.60	−0.090%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.129%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDTshort	+0.0100%	8h	116.60	−0.086%	$850.0M	$675.2M	100x
MEXC SOL_USDT	+0.0100%	8h	116.59	−0.095%	$369.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.62	−0.068%	$133.0M	$233.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.59	−0.091%	—	$373.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.61	−0.078%	$23.1M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.52	−0.152%	$25.1M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.56	−0.124%	$93.6M	$408.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.59	−0.096%	$47.7M	$30.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.59	−0.095%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	−0.061%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.61	−0.078%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.64	−0.055%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.65	−0.046%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.62	−0.071%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.59	−0.091%	$225.8M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.59	−0.095%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.58	−0.102%	$8.0M	$38.0M	50x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0113%	1h	116.70	long leg	$26.4M	$21.7M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.60	−0.085%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.69	−0.009%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.72	+0.016%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.59	−0.094%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.58	−0.104%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.61	−0.078%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.67	−0.030%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0493%	1h	116.69	−0.014%	$25K	$57K	20x	as long as short