Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.007%

Price spread now: Polymarket Perps against Gate−0.085%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.085%, 7d avg +0.009%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.093% cheaper against Gate than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.009%). If the spread goes back, that is −$9 on $10k: about 2.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.027% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	117.99	−0.0044	get 0.0044% / 8h	6h 51m	$847.2M	$651.1M	100x
Short	Polymarket Perps SOL-USD	117.89	0.0100	get 0.0013% / 1h	51m 02s	$352K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.085%Rate

Funding earned: $30.24
Price spread: −0.085% → +0.009%: −$9.34
Slippage, 4 orders: −$3.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$6.05
Costs to cover: 0.269%
Break-even: 8.4 days

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: 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	0.43 bp	8.5 bp −$8	11.8 bp −$118	17.6 bp −$1,758	29.2 bp −$14.6K
Sell Polymarket Perps live order book, 3 min ago	1.27 bp	5.3 bp −$5	7.1 bp −$71	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
ApeX Omni SOLUSDT	−0.0556%	1h	117.84	−0.128%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.00	+0.006%	$92K	$705K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.92	−0.057%	$922	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	117.86	−0.108%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0058%	8h	117.92	−0.056%	$229.4M	$44.9M	75x	as long as short
Gate SOL_USDTlong	−0.0044%	8h	117.99	long leg	$847.2M	$651.1M	100x
Derive SOL-PERP	−0.0022%	1h	117.91	−0.068%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.97	−0.014%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	−0.050%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.91	−0.071%	$1.5M	$21.4M	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	117.96	−0.027%	$131K	$4.0M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.94	−0.043%	$1.8M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.00	+0.005%	$31.6M	$98.7M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0053%	1h	118.02	+0.027%	$26.4M	$25.3M	50x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	117.95	−0.034%	$102K	$162K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.02	+0.025%	$7.9M	$411.0M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.99	+0.002%	—	$369.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.01	+0.014%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.99	−0.001%	$13.5M	$58.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.98	−0.011%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.99	0.000%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.83	−0.134%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.89	−0.085%	$45K	$819K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.86	−0.111%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.02	+0.028%	$177.5M	$181.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.90	−0.073%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.04	+0.042%	$977.1M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.05	+0.053%	$821.6M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.02	+0.025%	$367.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.10	+0.093%	$239K	$909K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.94	−0.046%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.136%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.99	0.000%	$422.4M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.98	−0.007%	$133.7M	$207.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.98	−0.008%	$489.7M	$445.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.00	+0.008%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.97	−0.020%	$24.4M	$129.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.220%	$94.6M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.06	+0.060%	$48.4M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	−0.110%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USDshort	+0.0100%	1h	117.89	−0.085%	$352K	$2.3M	20x
Bullet SOL-USD	+0.0100%	1h	117.97	−0.017%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.97	−0.021%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.98	−0.012%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.98	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.98	−0.008%	$45.9M	$101.2M	50x	as long as short
Phoenix SOL	+0.0101%	1h	118.00	+0.008%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.96	−0.028%	$8.2M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0108%	1h	118.10	+0.093%	$717.8M	$401.1M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.01	+0.019%	—	$228.6M	500x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.88	−0.095%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.00	+0.008%	$52.2M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.280%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.97	−0.018%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0296%	1h	118.03	+0.030%	$25K	$51K	20x	as long as short