Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h +0.068%

Price spread now: Hibachi against Gate−0.005%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Gate Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 3 days (all we have)+0.244%+$24 · spread now −0.005%, 7d avg +0.046%

Together, before fees+0.270%+ Points / potential airdropHibachi: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hibachi is 0.051% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	119.01	0.0084	pay 0.0084% / 8h	7h 17m	$856.7M	$669.7M	100x
Short	Hibachi SOL/USDT-P	119.00	0	get 0.0000% / 1h	17m 50s	$100K	$650K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.005%Rate

Funding earned: −$17.64
Price spread: −0.005% → +0.046%: −$5.14
Slippage, 4 orders: −$5.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$51.96
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Hibachi: live order book, 56 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	0.42 bp	8.0 bp −$8	10.4 bp −$104	15.1 bp −$1,506	26.9 bp −$13.4K
Sell Hibachi live order book, 56 min ago	0.04 bp	7.4 bp −$7	22.6 bp −$226	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
Hotstuff SOL-PERP	−0.0080%	1h	118.79	−0.186%	$929	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.77	−0.200%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.89	−0.098%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.80	−0.177%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.05	+0.035%	$32.4M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.94	−0.060%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	−0.124%	$1.2M	$20.1M	3.1x	as long as short
Hibachi SOL/USDT-Pshort	0.0000%	1h	119.00	−0.005%	$100K	$650K	20x
Perpl SOL	0.0000%	43m	118.86	−0.125%	$154K	$3.8M	8.3x	as long as short
HTX SOL-USDT	+0.0009%	8h	118.88	−0.111%	$231.3M	$44.1M	75x	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	+0.0032%	1h	118.83	−0.151%	$103K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0054%	1h	118.98	−0.023%	$37K	$17K	25x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.07	+0.051%	—	$366.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	118.98	−0.026%	$1.0M	$5.8M	100x	as long as short
Gate SOL_USDTlong	+0.0084%	8h	119.01	long leg	$856.7M	$669.7M	100x
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.06	+0.041%	$8.0M	$410.1M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.99	−0.013%	$14.1M	$56.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.017%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.91	−0.085%	$348K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.72	−0.244%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.79	−0.185%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.164%	$5.9M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.15	+0.118%	$725.6M	$396.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.02	+0.008%	$179.8M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.78	−0.192%	$12.2M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.03	+0.017%	$980.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.07	+0.050%	$825.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.02	+0.008%	$370.9M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.193%	$233K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	−0.162%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.212%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.03	+0.017%	$430.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.04	+0.028%	$138.7M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.02	+0.008%	$493.6M	$439.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.05	+0.034%	$24.0M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.93	−0.071%	$25.0M	$130.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.89	−0.104%	$95.5M	$403.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.91	−0.085%	$48.7M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.86	−0.126%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.00	−0.008%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	−0.151%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.91	−0.088%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.88	−0.107%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.98	−0.025%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.05	+0.034%	$46.7M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.00	−0.008%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.95	−0.050%	$6.5M	$13.6M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0116%	1h	119.03	+0.015%	$26.7M	$24.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.87	−0.119%	—	$219.4M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.77	−0.198%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	118.93	−0.070%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	0.000%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.82	−0.161%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0201%	1h	118.98	−0.026%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.78	−0.193%	$51.8M	$74.8M	125x	as long as short