Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.002%

Price spread now: Bullet against Gate+0.009%7-day average +0.026% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.009%, 7d avg +0.026%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	119.30	0.0092	pay 0.0092% / 8h	1h 55m	$869.3M	$674.9M	100x
Short	Bullet SOL-USD	119.31	0.0100	get 0.0013% / 1h	55m 51s	$202K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.009%Rate

Funding earned: $1.68
Price spread: +0.009% → +0.026%: −$1.64
Slippage, 4 orders: −$8.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$31.44
Costs to cover: 0.315%
Break-even: 138.0 days

Slippage from Gate: live order book, 3 min ago; Bullet: 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 Gate live order book, 3 min ago	0.42 bp	9.3 bp −$9	11.3 bp −$113	15.6 bp −$1,564	29.2 bp −$14.6K
Sell Bullet live order book, 3 min ago	0.42 bp	5.5 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit

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
Derive SOL-PERP	−0.0100%	1h	119.25	−0.046%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.34	+0.036%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.23	−0.060%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0011%	1h	119.33	+0.025%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.34	+0.034%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.24	−0.053%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.14	−0.134%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.32	+0.016%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.38	+0.068%	$26.8M	$27.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0053%	1h	119.23	−0.055%	$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
Orderly PERP_SOL_USDC	+0.0063%	8h	119.34	+0.036%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0066%	8h	119.24	−0.046%	$232.3M	$44.7M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.30	+0.003%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.36	+0.050%	$104K	$153K	20x	as long as short
Gate SOL_USDTlong	+0.0092%	8h	119.30	long leg	$869.3M	$674.9M	100x
ApeX Omni SOLUSDT	+0.0095%	1h	119.15	−0.126%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.32	+0.019%	$13.6M	$54.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.31	+0.005%	$2.1M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.31	+0.008%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.31	+0.011%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.28	−0.017%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.33	+0.025%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.46	+0.134%	$720.9M	$415.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.33	+0.021%	$178.9M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.37	+0.058%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.33	+0.025%	$978.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.36	+0.048%	$824.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.34	+0.034%	$372.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.19	−0.092%	$233K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.42	+0.096%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.206%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.33	+0.025%	$436.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.32	+0.018%	$140.9M	$199.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.35	+0.042%	$497.4M	$453.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.35	+0.042%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.101%	$27.4M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.12	−0.149%	$95.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.08	−0.184%	$48.7M	$33.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.17	−0.109%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	0.000%	$365K	$2.4M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	119.31	+0.009%	$202K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	119.33	+0.023%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.32	+0.013%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.33	+0.025%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.32	+0.017%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.30	+0.002%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.38	+0.065%	$8.2M	$416.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.22	−0.069%	—	$222.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.33	+0.028%	$32.8M	$94.7M	100x	as long as short
Phoenix SOL	+0.0154%	1h	119.22	−0.067%	$6.5M	$12.3M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.34	+0.031%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.29	−0.010%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	+0.051%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.092%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.11	−0.159%	$52.0M	$86.9M	125x	as long as short