Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.032%

Price spread now: Gate against dYdX−0.111%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.064%−$6 · spread now −0.111%, 7d avg +0.005%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.116% cheaper against dYdX than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.005%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.053% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	119.57	−0.0004	get 0.0001% / 1h	16m 24s	$5.0M	$27.0M	20x
Short	Gate SOL_USDT	119.44	0.0091	get 0.0091% / 8h	2h 16m	$872.2M	$687.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now −0.111%Rate

Funding earned: $19.96
Price spread: −0.111% → +0.005%: −$11.64
Slippage, 4 orders: −$14.67
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.34
Costs to cover: 0.397%
Break-even: 18.0 days

Slippage from dYdX: live order book, 3 min ago; Gate: live order book, 3 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 dYdX live order book, 3 min ago	5.01 bp	10.0 bp −$10	12.3 bp −$123	27.6 bp −$2,759	78.2 bp −$39.1K
Sell Gate live order book, 3 min ago	0.42 bp	9.2 bp −$9	12.2 bp −$122	16.4 bp −$1,636	29.3 bp −$14.7K

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	−0.354%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.067%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	119.45	−0.103%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.41	−0.134%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USDlong	−0.0004%	1h	119.57	long leg	$5.0M	$27.0M	20x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.45	−0.099%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	+0.125%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.47	−0.083%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.52	−0.048%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0027%	1h	119.62	+0.039%	$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	+0.0051%	8h	119.44	−0.107%	$232.7M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.51	−0.055%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.66	+0.076%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.52	−0.044%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.44	−0.114%	—	$373.9M	—	as long as short
Gate SOL_USDTshort	+0.0091%	8h	119.44	−0.111%	$872.2M	$687.7M	100x
Lighter SOL	+0.0096%	1h	119.51	−0.053%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.51	−0.054%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.47	−0.084%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.48	−0.081%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	−0.053%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.52	−0.044%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.55	−0.019%	$721.7M	$414.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.47	−0.085%	$179.9M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	−0.030%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.48	−0.078%	$979.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.49	−0.069%	$826.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.48	−0.078%	$371.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	−0.078%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	−0.012%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.071%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.45	−0.103%	$431.6M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.46	−0.092%	$141.0M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.46	−0.096%	$499.1M	$452.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.56	−0.011%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.205%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.86	+0.240%	$96.3M	$401.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.72	+0.125%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.144%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.80	+0.190%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.46	−0.094%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.45	−0.104%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.49	−0.066%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.45	−0.106%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.45	−0.103%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.49	−0.069%	$46.7M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.44	−0.111%	$8.8M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.50	−0.061%	$8.2M	$417.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.50	−0.062%	—	$221.2M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.148%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.45	−0.102%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.53	−0.038%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.44	−0.114%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	−0.002%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.49	−0.067%	$35.6M	$91.2M	100x	as long as short