Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.066%

Price spread now: BloFin against gTrade (Gains Network)−0.180%50s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.180% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.180% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 2.7 days of funding at the current rate (+$7 a day). The two prices were read 50 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	gTrade (Gains Network) SOL/USD	116.31	L −0.0001% / S +0.0004%	get 0.0000% / 1h	19m 35s	$42K	—	150x
Short	BloFin SOL-USDT	116.10	0.0220	get 0.0220% / 8h	2h 19m	$51.8M	$67.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.180%Rate

Funding earned: $46.45
Price spread: −0.180% → 0.000%: −$17.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $6.48
Costs to cover: 0.220%
Break-even: 6.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.43 bp	6.4 bp −$6	6.4 bp −$64	8.5 bp −$854	13.0 bp −$6,514

gTrade (Gains Network): 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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.33	+0.020%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0136%	1h	116.29	−0.013%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0112%	8h	116.42	+0.098%	—	$369.5M	—	as long as short
Bybit SOLUSDT	−0.0108%	8h	116.40	+0.078%	$742.8M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	+0.101%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0059%	1h	116.38	+0.060%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0015%	1h	116.24	−0.062%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.31	long leg	$42K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.07	−0.209%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.43	+0.101%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0010%	1h	116.43	+0.103%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	116.43	+0.104%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.35	+0.034%	$7.8M	$404.7M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.40	+0.075%	$479.5M	$458.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.33	+0.021%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.39	+0.070%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.39	+0.070%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.33	+0.014%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.35	+0.035%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.42	+0.099%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.37	+0.053%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.52	+0.181%	$692.5M	$403.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.41	+0.088%	$176.0M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	+0.100%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.42	+0.095%	$970.3M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.44	+0.113%	$364.2M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.36	+0.044%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.44	+0.108%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.393%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.39	+0.070%	$841.8M	$671.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.43	+0.104%	$355.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.37	+0.053%	$126.6M	$230.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.35	+0.035%	$22.9M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.270%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.209%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.403%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.478%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	−0.068%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.43	+0.104%	$320K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.28	−0.027%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.29	−0.018%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.31	−0.002%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.33	+0.018%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.25	−0.052%	$225.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	+0.018%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.37	+0.051%	$8.1M	$39.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.28	−0.023%	—	$239.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.558%	$4K	$2K	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0176%	1h	116.38	+0.059%	$26.3M	$22.0M	50x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	+0.052%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.40	+0.076%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	116.10	−0.180%	$51.8M	$67.9M	125x
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.31	−0.003%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.48	+0.147%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0575%	1h	115.94	−0.313%	$25K	$53K	20x	as long as short