Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.041%

Price spread now: Perpl against Gate−0.028%7-day average −0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.028%, 7d avg −0.018%

Together, before fees−0.161%+ Points / potential airdropPerpl: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	119.36	0.0089	pay 0.0089% / 8h	1h 24m	$871.8M	$684.2M	100x
Short	Perpl SOL	119.33	0	get 0.0000% / 43m	37m 24s	$178K	$4.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$18.69
Price spread: −0.028% → −0.018%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$48.58
Costs to cover: 0.288%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Perpl: no order-book sample. Net counts fees only.

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	9.9 bp −$99	14.6 bp −$1,464	27.8 bp −$13.9K
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin SOL-PERP	−0.0512%	1h	119.32	−0.034%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.24	−0.099%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.13	−0.191%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.27	−0.074%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0005% / S +0.0004%	1h	119.38	+0.014%	$106K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.35	−0.005%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.19	−0.146%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	119.33	−0.028%	$178K	$4.0M	8.3x
Hibachi SOL/USDT-P	+0.0032%	1h	119.31	−0.039%	$119K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.18	−0.151%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0065%	1h	119.32	−0.032%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.33	−0.026%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.32	−0.034%	$104K	$154K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.38	+0.017%	—	$374.8M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.21	−0.125%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDTlong	+0.0089%	8h	119.36	long leg	$871.8M	$684.2M	100x
Lighter SOL	+0.0096%	1h	119.40	+0.034%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.38	+0.017%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.26	−0.080%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.32	−0.031%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.29	−0.059%	$47K	$796K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.31	−0.044%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.40	+0.034%	$719.0M	$416.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.36	−0.003%	$178.6M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.42	+0.054%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.36	0.000%	$987.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.33	−0.025%	$824.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.29	−0.059%	$371.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.31	−0.042%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.38	+0.013%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.171%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.36	0.000%	$454.6M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.35	−0.010%	$140.5M	$201.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.32	−0.031%	$495.9M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.35	−0.008%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.27	−0.075%	$27.9M	$128.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.21	−0.126%	$95.7M	$400.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.31	−0.044%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.25	−0.090%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.29	−0.059%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.34	−0.017%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.37	+0.012%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.35	−0.011%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.34	−0.017%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	−0.025%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.30	−0.048%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.38	+0.015%	$8.2M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.41	+0.044%	—	$223.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.35	−0.006%	$32.6M	$95.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0165%	1h	119.40	+0.036%	$26.7M	$27.7M	50x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0068%	1h	119.38	+0.016%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.33	−0.023%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.37	+0.011%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.017%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	−0.025%	$52.5M	$82.9M	125x	as long as short