Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.011%

Price spread now: gTrade (Gains Network) against GRVT−0.018%52s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 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	GRVT SOL_USDT_Perp	118.87	0.0100	pay 0.0100% / 8h	2h 49m	$48.7M	$33.1M	20x
Short	gTrade (Gains Network) SOL/USD	118.85	L 0.0000% / S +0.0004%	pay 0.0001% / 1h	49m 31s	$49K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GRVT. 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 GRVTbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.018%Rate

Funding earned: −$21.86
Price spread: −0.018% → 0.000%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.7
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; gTrade (Gains Network): 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 GRVT live order book, 5 min ago	0.42 bp	4.9 bp −$5	5.0 bp −$50	10.0 bp −$1,001	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.159%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.74	−0.110%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.081%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.74	−0.107%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.80	−0.059%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0067%	1h	118.96	+0.075%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USDshort	L 0.0000% / S +0.0004%	1h	118.85	−0.018%	$49K	—	150x
dYdX SOL-USD	0.0000%	1h	118.85	−0.016%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.024%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.77	−0.083%	$179K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	118.85	−0.012%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.83	−0.036%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.80	−0.058%	$104K	$152K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.74	−0.105%	$231.4M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0081%	8h	118.78	−0.075%	$857.8M	$675.2M	100x	as long as short
KuCoin SOLUSDTM	+0.0089%	8h	118.87	+0.002%	$144.3M	$197.6M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.79	−0.064%	$13.4M	$53.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.85	−0.018%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.85	−0.018%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.77	−0.084%	$1.0M	$524K	50x	as long as short
Bitget SOLUSDT	+0.0099%	8h	118.77	−0.081%	$495.8M	$450.5M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.79	−0.066%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.110%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.86	−0.008%	$716.9M	$424.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	−0.018%	$179.2M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.82	−0.039%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	−0.092%	$973.5M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.80	−0.058%	$821.2M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	−0.092%	$368.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.008%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	−0.039%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.011%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.77	−0.083%	$466.9M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.76	−0.092%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.82	−0.041%	$24.2M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.011%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.034%	$95.5M	$396.1M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	118.87	long leg	$48.7M	$33.1M	20x
StandX SOL-USD	+0.0100%	1h	118.86	−0.008%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.78	−0.075%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.80	−0.058%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	−0.034%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.88	+0.006%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.79	−0.066%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.83	−0.033%	$46.4M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.73	−0.115%	$8.6M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.84	−0.022%	$8.1M	$414.5M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	118.85	−0.019%	$123K	$622K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.91	+0.031%	—	$218.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.110%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.81	−0.049%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.77	−0.084%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.050%	$51.7M	$90.6M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.80	−0.054%	$36.1M	$90.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.82	−0.038%	$3.5M	—	200x	as long as short