Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h +0.014%

Price spread now: GMX against Bitget+0.055%7-day average +0.047% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.055%, 7d avg +0.047%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	119.18	0.0100	pay 0.0100% / 8h	1h 31m	$495.0M	$455.3M	100x
Short	GMX SOL/USD [SOL-USDC]	119.24	L +0.0171% / S −0.0085%	get 0.0011% / 1h	31m 00s	$3.6M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$3.13
Price spread: +0.055% → +0.047%: $0.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$26.34
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; GMX: 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 Bitget live order book, 3 min ago	0.04 bp	6.2 bp −$6	8.2 bp −$82	12.6 bp −$1,263	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bluefin SOL-PERP	−0.0162%	1h	119.17	−0.006%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.09	−0.074%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	+0.089%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.22	+0.038%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.28	+0.089%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.25	+0.062%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.26	+0.071%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.24	+0.051%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.29	+0.096%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.153%	$6.6M	$13.6M	25x	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	+0.0066%	1h	119.23	+0.043%	$26.7M	$27.6M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.19	+0.011%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0075%	1h	119.41	+0.198%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.18	−0.002%	—	$374.2M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.16	−0.015%	$869.0M	$682.6M	100x	as long as short
HTX SOL-USDT	+0.0083%	8h	119.11	−0.055%	$232.0M	$44.8M	75x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	+0.094%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.008%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.018%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.19	+0.011%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.18	+0.005%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	+0.060%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	+0.053%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.26	+0.069%	$718.1M	$416.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	−0.021%	$178.3M	$176.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	+0.085%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.09	−0.074%	$985.0M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.09	−0.072%	$822.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.09	−0.074%	$370.9M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	+0.069%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.112%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.17	−0.007%	$450.9M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.16	−0.013%	$141.0M	$200.7M	75x	as long as short
Bitget SOLUSDTlong	+0.0100%	8h	119.18	long leg	$495.0M	$455.3M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	119.18	+0.002%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.196%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.40	+0.188%	$95.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.182%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.40	+0.184%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.27	+0.077%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	+0.069%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.24	+0.056%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	−0.001%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.18	+0.002%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.19	+0.010%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.479%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.15	−0.026%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.21	+0.023%	$8.2M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.30	+0.105%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.007%	$32.6M	$95.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]short	L +0.0171% / S −0.0085%	1h	119.24	+0.055%	$3.6M	—	200x
Reya SOLRUSDPERP	+0.0181%	1h	119.23	+0.045%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.31	+0.109%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.040%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.17	−0.007%	$52.2M	$82.7M	125x	as long as short