Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.020%

Price spread now: gTrade (Gains Network) against Orderly+0.015%7-day average — · you sell dearer than you buy

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

Long on Orderly 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—needs 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	118.74	0.0059	pay 0.0059% / 8h	2h 43m	$1.1M	$5.9M	100x
Short	gTrade (Gains Network) SOL/USD	118.76	L −0.0001% / S +0.0004%	pay 0.0001% / 1h	43m 27s	$48K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.015%Rate

Funding earned: −$13.17
Price spread: +0.015% → 0.000%: $1.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$27.65
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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	118.89	+0.128%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.65	−0.071%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.83	+0.073%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.75	+0.007%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0046%	1h	118.86	+0.100%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USDshort	L −0.0001% / S +0.0004%	1h	118.76	+0.015%	$48K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	118.72	−0.013%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.69	−0.043%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.87	+0.107%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	+0.002%	$1.5M	$6.2M	50x	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	+0.0053%	1h	118.78	+0.035%	$26.6M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDClong	+0.0059%	8h	118.74	long leg	$1.1M	$5.9M	100x
01 Exchange SOLUSD	+0.0072%	1h	118.88	+0.120%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0072%	8h	118.65	−0.078%	$231.2M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.82	+0.069%	$858.3M	$677.2M	100x	as long as short
KuCoin SOLUSDTM	+0.0094%	8h	118.85	+0.095%	$143.7M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.83	+0.077%	$13.4M	$53.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	+0.067%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.70	−0.031%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.81	+0.062%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.83	+0.077%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.84	+0.085%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.92	+0.153%	$717.0M	$424.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	+0.086%	$179.2M	$173.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.86	+0.102%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.83	+0.081%	$971.4M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.84	+0.088%	$819.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.81	+0.061%	$370.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.074%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.125%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.121%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.82	+0.069%	$465.9M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.80	+0.054%	$495.8M	$448.8M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.80	+0.049%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.75	+0.010%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.85	+0.091%	$27.6M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.77	+0.027%	$95.4M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.067%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.76	+0.019%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	+0.069%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.73	−0.008%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.71	−0.026%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	−0.003%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.70	−0.032%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.73	−0.007%	$46.3M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	+0.074%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.77	+0.028%	$123K	$606K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.76	+0.019%	$8.0M	$413.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.69	−0.037%	—	$217.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.153%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.75	+0.010%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.89	+0.127%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.78	+0.033%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.67	−0.057%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.74	0.000%	$36.0M	$89.8M	100x	as long as short