Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.039%

Price spread now: Gate against RISEx−0.021%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.021%, 7d avg +0.001%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.022% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	118.97	0.0175	pay 0.0022% / 1h	56m 13s	$1.6M	$6.3M	20x
Short	Gate SOL_USDT	118.95	0.0081	get 0.0081% / 8h	2h 56m	$858.0M	$673.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$19.78
Price spread: −0.021% → +0.001%: −$2.18
Slippage, 4 orders: −$2.26
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.22
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Gate: 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 RISEx live order book, 3 min ago	0.04 bp	4.4 bp −$4	7.9 bp −$79	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.42 bp	7.9 bp −$8	10.2 bp −$102	15.9 bp −$1,588	27.0 bp −$13.5K

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	−0.248%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	−0.0084%	1h	119.04	+0.051%	$24K	$48K	20x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.92	−0.048%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	+0.055%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.94	−0.032%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.00	+0.018%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.13	+0.130%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.97	−0.007%	$191K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	118.95	−0.021%	$104K	$152K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	119.03	+0.045%	$1.1M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0068%	8h	118.91	−0.050%	$231.7M	$43.7M	75x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	119.08	+0.092%	$1.5M	$6.2M	50x	as long as short
Gate SOL_USDTshort	+0.0081%	8h	118.95	−0.021%	$858.0M	$673.0M	100x
KuCoin SOLUSDTM	+0.0085%	8h	118.94	−0.026%	$144.4M	$197.0M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	119.12	+0.120%	$26.7M	$27.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.03	+0.051%	$13.5M	$52.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.03	+0.042%	$2.0M	$16.6M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	119.02	+0.040%	$496.6M	$451.1M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.03	+0.047%	$354K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.97	−0.007%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.96	−0.012%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.97	−0.008%	$5.6M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.03	+0.046%	$718.3M	$443.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.95	−0.021%	$179.6M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.07	+0.080%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.96	−0.012%	$976.8M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.02	+0.038%	$823.1M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.99	+0.013%	$367.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.97	−0.004%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.03	+0.051%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.095%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.95	−0.021%	$470.9M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.97	−0.006%	—	$372.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.09	+0.097%	$24.2M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.33	+0.296%	$27.8M	$126.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.13	+0.129%	$95.7M	$394.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	+0.075%	$48.7M	$33.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	+0.072%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.012%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.96	−0.012%	$201K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.01	+0.031%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.02	+0.040%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.03	+0.046%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.02	+0.038%	$46.4M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.03	+0.045%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0108%	8h	119.11	+0.115%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.08	+0.087%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.05	+0.067%	—	$217.9M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	118.97	−0.001%	$123K	$619K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.147%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDClong	+0.0175%	1h	118.97	long leg	$1.6M	$6.3M	20x
Reya SOLRUSDPERP	+0.0180%	1h	118.95	−0.018%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.99	+0.013%	$51.9M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.08	+0.085%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	118.99	+0.017%	$3.5M	—	200x	as long as short