Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.033%

Price spread now: Gate against Derive+0.081%7-day average +0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now +0.081%, 7d avg +0.033%

Together, before fees+0.033%+$3 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 Gate is 0.049% dearer against Derive than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	119.67	−0.0045	get 0.0006% / 1h	18m 20s	$2.0M	$3.2M	13x
Short	Gate SOL_USDT	119.77	0.0090	get 0.0090% / 8h	2h 18m	$874.8M	$687.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Derive. 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 DerivebpFee GatebpOrdersPrice spread, now +0.081%Rate

Funding earned: $28.32
Price spread: +0.081% → +0.033%: $4.87
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $12.19
Costs to cover: 0.210%
Break-even: 4.0 days

Slippage unknown: Derive: no order-book sample; Gate: live order book, 6 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	0.42 bp	11.5 bp −$11	13.0 bp −$130	16.5 bp −$1,652	25.9 bp −$12.9K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	119.15	−0.437%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.76	+0.071%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	119.72	+0.042%	—	$724K	20x	as long as short
Derive SOL-PERPlong	−0.0045%	1h	119.67	long leg	$2.0M	$3.2M	13x
dYdX SOL-USD	−0.0001%	1h	119.77	+0.077%	$5.1M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.78	+0.088%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.92	+0.208%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.78	+0.093%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0006%	1h	119.80	+0.106%	$26.9M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0025%	1h	119.64	−0.027%	$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	+0.0054%	8h	119.67	−0.002%	$233.1M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.86	+0.159%	$120K	$622K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.77	+0.083%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.81	+0.115%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.77	+0.080%	—	$372.6M	—	as long as short
Gate SOL_USDTshort	+0.0090%	8h	119.77	+0.081%	$874.8M	$687.3M	100x
Lighter SOL	+0.0096%	1h	119.74	+0.053%	$13.6M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.73	+0.045%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.75	+0.061%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.72	+0.042%	$1.1M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.77	+0.081%	$49K	$788K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.75	+0.065%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.85	+0.148%	$723.6M	$413.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.78	+0.090%	$180.3M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.77	+0.084%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.77	+0.079%	$981.8M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.78	+0.086%	$828.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.73	+0.048%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.78	+0.090%	$235K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.118%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.012%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.76	+0.073%	$440.0M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.80	+0.109%	$141.4M	$197.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.74	+0.058%	$500.5M	$452.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.71	+0.031%	$24.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.122%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.73	+0.047%	$96.2M	$400.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.078%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.060%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.81	+0.115%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.77	+0.081%	$371K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.76	+0.071%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.76	+0.074%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.75	+0.066%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.73	+0.048%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.73	+0.048%	$46.8M	$101.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.71	+0.035%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.78	+0.086%	$8.2M	$418.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.77	+0.083%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.065%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.107%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.76	+0.071%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.69	+0.015%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.76	+0.071%	$35.7M	$91.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0172%	1h	119.77	+0.084%	$3.6M	—	200x	as long as short