Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.030%

Price spread now: Bybit against gTrade (Gains Network)−0.024%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2822.823% of the position

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.024%, 7d avg +0.002%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.026% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.002%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	119.03	L −0.0006% / S +0.0004%	get 0.0001% / 1h	31m 48s	$112K	—	150x
Short	Bybit SOLUSDT	119.00	0.0100	get 0.0100% / 8h	31m 48s	$825.8M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.024%Rate

Funding earned: $22.23
Price spread: −0.024% → +0.002%: −$2.59
Slippage, 4 orders: −$261.35
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$262.71
Costs to cover: 2.823%
Break-even: 89.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 57 min ago; Bybit: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 57 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	515.4 bp −$51.5K	2868.9 bp −$1.43M
Sell Bybit live order book, 2 min ago	0.42 bp	6.4 bp −$6	7.5 bp −$75	10.5 bp −$1,049	19.8 bp −$9,891

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
Hotstuff SOL-PERP	−0.0080%	1h	118.97	−0.050%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.95	−0.068%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.91	−0.101%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.03	−0.001%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0006% / S +0.0004%	1h	119.03	long leg	$112K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	119.03	−0.002%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.00	−0.032%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0027%	1h	119.03	−0.002%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0042%	1h	119.02	−0.011%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	119.00	−0.028%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	119.04	+0.006%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.95	−0.070%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0087%	8h	118.94	−0.080%	$231.5M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	118.97	−0.053%	$863.8M	$679.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.98	−0.045%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.98	−0.044%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.03	−0.005%	$121K	$627K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.96	−0.062%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.00	−0.025%	$8.1M	$416.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.97	−0.055%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.00	−0.028%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.00	−0.032%	$6.1M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.10	+0.053%	$720.9M	$411.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.99	−0.036%	$178.6M	$176.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.04	+0.006%	$12.3M	$120.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.99	−0.036%	$983.4M	$3.82B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.00	−0.024%	$825.8M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	118.97	−0.053%	$372.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.93	−0.087%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.04	+0.008%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	+0.266%	$134.1M	$6.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.99	−0.036%	$460.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.02	−0.015%	$138.7M	$205.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.96	−0.060%	$493.4M	$460.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.02	−0.011%	$24.3M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.09	+0.049%	$27.2M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.23	+0.164%	$95.8M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.09	+0.048%	$48.8M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.03	−0.003%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.00	−0.028%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.00	−0.024%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.00	−0.026%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.99	−0.039%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.97	−0.053%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.99	−0.036%	$46.5M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.08	+0.039%	$6.6M	$13.7M	25x	as long as short
Aftermath Perps SOLUSD	+0.0104%	1h	119.17	+0.115%	$24K	$47K	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.96	−0.061%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.98	−0.044%	$32.6M	$97.1M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.99	−0.034%	—	$225.4M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	119.02	−0.010%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.476%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	118.98	−0.043%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.00	−0.028%	$52.2M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.06	+0.019%	$1.7M	$5.2M	20x	as long as short