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: Gate against Hibachi+0.014%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Hibachi Short on Gate

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)−0.253%−$25 · spread now +0.014%, 7d avg −0.046%

Together, before fees−0.279%+ Points / potential airdropHibachi: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.060% dearer against Hibachi than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	119.00	0	get 0.0000% / 1h	18m 15s	$100K	$650K	20x
Short	Gate SOL_USDT	119.02	0.0084	get 0.0084% / 8h	7h 18m	$856.8M	$669.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hibachi. 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 HibachibpFee GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: $17.64
Price spread: +0.014% → −0.046%: $5.98
Slippage, 4 orders: −$4.53
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.91
Costs to cover: 0.285%
Break-even: 8.9 days

Slippage from Hibachi: live order book, 56 min ago; Gate: live order book, 6 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 Hibachi live order book, 56 min ago	0.04 bp	5.3 bp −$5	19.1 bp −$191	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.42 bp	7.9 bp −$8	10.3 bp −$103	15.9 bp −$1,594	28.3 bp −$14.1K

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	−0.180%	$929	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.77	−0.194%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.89	−0.093%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.80	−0.171%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.05	+0.040%	$32.4M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.94	−0.055%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	−0.118%	$1.2M	$20.1M	3.1x	as long as short
Hibachi SOL/USDT-Plong	0.0000%	1h	119.00	long leg	$100K	$650K	20x
Perpl SOL	0.0000%	43m	118.86	−0.120%	$154K	$3.8M	8.3x	as long as short
HTX SOL-USDT	+0.0009%	8h	118.88	−0.105%	$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	−0.146%	$103K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0054%	1h	118.98	−0.017%	$37K	$17K	25x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.98	−0.016%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	118.98	−0.021%	$1.0M	$5.8M	100x	as long as short
Gate SOL_USDTshort	+0.0084%	8h	119.02	+0.014%	$856.8M	$669.6M	100x
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.06	+0.046%	$8.0M	$410.1M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.98	−0.017%	$14.1M	$56.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.012%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.91	−0.080%	$348K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.72	−0.239%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.79	−0.180%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.159%	$5.9M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.14	+0.114%	$725.6M	$396.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.89	−0.099%	$179.6M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.78	−0.187%	$12.2M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.03	+0.022%	$980.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.06	+0.046%	$825.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.03	+0.022%	$370.5M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.188%	$233K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	−0.157%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.207%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.04	+0.030%	$430.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.98	−0.017%	$138.7M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.02	+0.016%	$493.6M	$439.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.05	+0.039%	$24.0M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.93	−0.066%	$25.0M	$130.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.89	−0.098%	$95.5M	$403.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.91	−0.079%	$48.7M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.86	−0.121%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.00	−0.003%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	−0.146%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.91	−0.083%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.88	−0.102%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.98	−0.020%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.05	+0.039%	$46.7M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.92	−0.070%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.95	−0.045%	$6.5M	$13.6M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0116%	1h	119.03	+0.021%	$26.7M	$24.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.87	−0.114%	—	$219.4M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.77	−0.193%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	118.93	−0.064%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	+0.005%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.82	−0.156%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0201%	1h	118.98	−0.021%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.78	−0.188%	$51.8M	$74.8M	125x	as long as short