Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.003%

Price spread now: Bulk against Gate−0.060%7-day average +0.006% · 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−$41as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Gate Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.060%, 7d avg +0.006%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.067% cheaper against Gate than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.006%). If the spread goes back, that is −$7 on $10k: about 22 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.002% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	119.73	0.0090	pay 0.0090% / 8h	2h 18m	$874.4M	$687.2M	100x
Short	Bulk SOL-USD	119.66	0.0100	get 0.0013% / 1h	18m 39s	$134.1M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Gate. 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 GatebpFee BulkbpOrdersPrice spread, now −0.060%Rate

Funding earned: $2.1
Price spread: −0.060% → +0.006%: −$6.69
Slippage, 4 orders: −$12.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$39.31
Costs to cover: 0.347%
Break-even: 138.0 days

Slippage from Gate: live order book, 5 min ago; Bulk: live order book, just now.

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 Gate live order book, 5 min ago	0.42 bp	7.9 bp −$8	7.9 bp −$79	12.3 bp −$1,233	25.5 bp −$12.7K
Sell Bulk live order book, just now	4.18 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$768	8.2 bp −$4,083

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	−0.484%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.85	+0.101%	$850	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.76	+0.023%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0045%	1h	119.64	−0.076%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.77	+0.029%	$5.1M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.68	−0.045%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.92	+0.160%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.81	+0.063%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.77	+0.030%	$26.9M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0023%	1h	119.61	−0.100%	$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	+0.0055%	8h	119.57	−0.130%	$232.9M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.86	+0.111%	$120K	$622K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.74	+0.005%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.88	+0.125%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.72	−0.008%	—	$10.5M	—	as long as short
Gate SOL_USDTlong	+0.0090%	8h	119.73	long leg	$874.4M	$687.2M	100x
Lighter SOL	+0.0096%	1h	119.74	+0.005%	$13.6M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.73	−0.003%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.72	−0.009%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.72	−0.006%	$1.1M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.77	+0.033%	$49K	$788K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.84	+0.092%	$6.4M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.83	+0.084%	$723.5M	$413.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.75	+0.021%	$180.3M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.77	+0.036%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.74	+0.009%	$981.6M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.77	+0.032%	$828.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.73	0.000%	$372.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.78	+0.042%	$235K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.070%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	119.66	−0.060%	$134.1M	$11.3M	20x
MEXC SOL_USDT	+0.0100%	8h	119.75	+0.017%	$439.8M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.75	+0.019%	$141.3M	$197.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.73	+0.004%	$500.4M	$452.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.71	−0.017%	$24.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.074%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.73	−0.001%	$96.2M	$400.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.126%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.013%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.82	+0.075%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.78	+0.042%	$373K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.74	+0.009%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.72	−0.009%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.67	−0.054%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.69	−0.033%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.73	0.000%	$46.7M	$101.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.72	−0.005%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.74	+0.006%	$8.2M	$418.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.70	−0.028%	—	$220.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.017%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.059%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.76	+0.029%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.69	−0.033%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.74	+0.005%	$35.7M	$91.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0172%	1h	119.70	−0.027%	$3.6M	—	200x	as long as short