Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0340%/8h= −37.3% APRpaid last 24h −0.004%

Price spread now: Kraken Futures against Gate+0.053%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.053%, 7d avg −0.003%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.056% dearer against Gate than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.003%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	116.15	0.0100	pay 0.0100% / 8h	2h 41m	$848.6M	$660.7M	100x
Short	Kraken Futures PF_SOLUSD	116.21	−0.0240	pay 0.0030% / 1h	41m 44s	$31.5M	$103.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$71.46
Price spread: +0.053% → −0.003%: $5.6
Slippage, 4 orders: −$8.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$99.49
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Kraken Futures: 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 Gate live order book, 2 min ago	0.43 bp	8.4 bp −$8	10.9 bp −$109	15.6 bp −$1,561	28.6 bp −$14.3K
Sell Kraken Futures live order book, 2 min ago	0.43 bp	9.5 bp −$9	11.2 bp −$112	15.5 bp −$1,550	26.4 bp −$13.2K

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
Kraken Futures PF_SOLUSDshort	−0.0240%	1h	116.21	+0.053%	$31.5M	$103.2M	100x
Hibachi SOL/USDT-P	−0.0224%	1h	116.27	+0.103%	$104K	$705K	20x	as long as short
Vest SOL-PERP	−0.0125%	1h	116.17	+0.018%	—	$625K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.07	−0.065%	$741.9M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.22	+0.064%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	116.12	−0.022%	$1.9M	$2.9M	13x	as long as short
BingX SOL-USDT	−0.0029%	8h	116.07	−0.066%	—	$366.7M	—	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.20	+0.047%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.09	−0.052%	$99K	$176K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.25	+0.090%	$1.4M	$19.1M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	116.22	+0.065%	$112K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0015%	1h	116.17	+0.019%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.23	+0.069%	$7.7M	$404.5M	50x	as long as short
Bullet SOL-USD	+0.0049%	1h	116.18	+0.029%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0072%	8h	116.07	−0.071%	$480.6M	$450.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.23	+0.068%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.16	+0.009%	$13.0M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.12	−0.028%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.19	+0.035%	$349K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.05	−0.086%	$65K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.13	−0.016%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.16	+0.007%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.25	+0.086%	$697.9M	$394.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.11	−0.034%	$174.0M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.17	+0.014%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.12	−0.026%	$968.4M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.10	−0.043%	$365.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.069%	$213K	$869K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.13	−0.021%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.075%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDTlong	+0.0100%	8h	116.15	long leg	$848.6M	$660.7M	100x
MEXC SOL_USDT	+0.0100%	8h	116.12	−0.026%	$365.1M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.15	−0.003%	$123.7M	$227.8M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.20	+0.043%	$22.9M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	+0.099%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	+0.262%	$93.5M	$403.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.31	+0.138%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.42	+0.237%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.37	+0.189%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.16	+0.009%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.19	+0.030%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.20	+0.045%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.20	+0.043%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.16	+0.009%	$225.2M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.22	+0.060%	$45.3M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.04	−0.092%	$8.1M	$38.4M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0114%	1h	116.26	+0.095%	$26.2M	$22.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.21	+0.052%	—	$238.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.344%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.48	+0.284%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.15	−0.002%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.20	+0.043%	$51.9M	$67.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.20	+0.041%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.15	0.000%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0596%	1h	116.37	+0.191%	$25K	$52K	20x	as long as short