Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.035%

Price spread now: dYdX against Gate−0.025%46s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.025%, 7d avg −0.009%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 46 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	Gate SOL_USDT	117.68	0.0015	pay 0.0015% / 8h	6h 32m	$853.5M	$659.8M	100x
Short	dYdX SOL-USD	117.65	0	get 0.0000% / 1h	32m 50s	$4.5M	$24.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$3.15
Price spread: −0.025% → −0.009%: −$1.61
Slippage, 4 orders: −$13.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$43.37
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; dYdX: live order book, 1 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, 1 min ago	0.43 bp	7.9 bp −$8	10.6 bp −$106	15.2 bp −$1,516	27.3 bp −$13.7K
Sell dYdX live order book, 1 min ago	4.25 bp	9.2 bp −$9	13.5 bp −$135	16.3 bp −$1,627	29.7 bp −$14.8K

SOL on 54 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	117.80	+0.102%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	117.60	−0.065%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	117.77	+0.080%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDT	−0.0052%	1h	117.67	−0.012%	$1.5M	$6.1M	50x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.49	−0.161%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.59	−0.077%	$53K	—	150x	as long as short
dYdX SOL-USDshort	0.0000%	1h	117.65	−0.025%	$4.5M	$24.4M	20x
Kalshi KXSOLPERP	0.0000%	8h	117.78	+0.082%	$1.4M	$21.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.64	−0.031%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.62	−0.050%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0001%	8h	117.53	−0.124%	$228.5M	$45.5M	75x	as long as short
Gate SOL_USDTlong	+0.0015%	8h	117.68	long leg	$853.5M	$659.8M	100x
RISEx SOL/USDC	+0.0018%	1h	117.58	−0.085%	$2.0M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	−0.109%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.56	−0.104%	$8.0M	$409.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.63	−0.040%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.60	−0.068%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.55	−0.111%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.53	−0.126%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.65	−0.025%	$103K	$164K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.59	−0.081%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.67	−0.005%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.60	−0.068%	$65K	$852K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.69	+0.004%	$5.7M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.66	−0.017%	$718.7M	$401.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.63	−0.042%	$176.7M	$180.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.66	−0.015%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.71	+0.025%	$971.2M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.73	+0.042%	$821.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.73	+0.042%	$365.4M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	−0.059%	$238K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.60	−0.066%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.108%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.69	+0.008%	$427.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.70	+0.014%	$131.5M	$210.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.67	−0.009%	$487.1M	$442.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.55	−0.110%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	−0.020%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	−0.048%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.77	+0.076%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.66	−0.017%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.60	−0.068%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.61	−0.060%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.59	−0.080%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.59	−0.079%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.58	−0.085%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.53	−0.127%	$45.7M	$102.0M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.33	−0.297%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.65	−0.022%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.67	−0.011%	—	$227.8M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.59	−0.078%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.442%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.60	−0.066%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0312%	1h	117.66	−0.017%	$25K	$51K	20x	as long as short