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: Gate against Kraken Futures−0.019%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

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

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

Long on Kraken Futures Short on Gate

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)+0.127%+$13 · spread now −0.019%, 7d avg +0.003%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.003%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.

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	Kraken Futures PF_SOLUSD	116.21	−0.0240	get 0.0030% / 1h	42m 17s	$31.5M	$103.2M	100x
Short	Gate SOL_USDT	116.19	0.0100	get 0.0100% / 8h	2h 42m	$848.8M	$660.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: $71.46
Price spread: −0.019% → +0.003%: −$2.16
Slippage, 4 orders: −$8.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $35.67
Costs to cover: 0.336%
Break-even: 3.5 days

Slippage from Kraken Futures: live order book, 2 min ago; Gate: 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 Kraken Futures live order book, 2 min ago	0.43 bp	7.0 bp −$7	8.3 bp −$83	14.2 bp −$1,416	34.2 bp −$17.1K
Sell Gate live order book, 2 min ago	0.43 bp	8.8 bp −$9	11.6 bp −$116	16.7 bp −$1,665	31.1 bp −$15.6K

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_SOLUSDlong	−0.0240%	1h	116.21	long leg	$31.5M	$103.2M	100x
Hibachi SOL/USDT-P	−0.0224%	1h	116.27	+0.050%	$104K	$705K	20x	as long as short
Vest SOL-PERP	−0.0125%	1h	116.17	−0.036%	—	$625K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.15	−0.053%	$742.4M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.23	+0.019%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	116.12	−0.075%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.20	−0.006%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.18	−0.027%	$99K	$176K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	+0.110%	$1.4M	$19.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.22	+0.011%	$112K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0016%	1h	116.24	+0.024%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.23	+0.015%	$7.7M	$404.5M	50x	as long as short
Bullet SOL-USD	+0.0049%	1h	116.18	−0.024%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0073%	8h	116.17	−0.033%	$481.1M	$450.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.23	+0.015%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.22	+0.010%	$13.0M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.22	+0.003%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.19	−0.018%	$349K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.16	−0.045%	$65K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.23	+0.014%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.16	−0.046%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.26	+0.042%	$698.0M	$394.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.17	−0.034%	$174.1M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.25	+0.031%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.19	−0.019%	$969.0M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.20	−0.010%	$365.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.17	−0.036%	$213K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.25	+0.029%	$916K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.022%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDTshort	+0.0100%	8h	116.19	−0.019%	$848.8M	$660.5M	100x
MEXC SOL_USDT	+0.0100%	8h	116.20	−0.010%	$365.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.18	−0.024%	$123.7M	$227.7M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.16	−0.045%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.22	+0.007%	$22.9M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	+0.046%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	+0.209%	$93.5M	$403.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.31	+0.085%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.42	+0.183%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.37	+0.136%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.16	−0.045%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.19	−0.023%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.20	−0.008%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.20	−0.010%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.24	+0.027%	$225.2M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.25	+0.033%	$45.3M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.15	−0.051%	$8.1M	$38.4M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0114%	1h	116.26	+0.042%	$26.2M	$22.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.21	−0.001%	—	$238.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.291%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.48	+0.231%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.15	−0.056%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.20	−0.010%	$51.9M	$67.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.20	−0.012%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.27	+0.050%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0596%	1h	116.37	+0.138%	$25K	$52K	20x	as long as short