Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.006%

Price spread now: Gate against Bullet+0.035%7-day average −0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Bullet Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.035%, 7d avg −0.025%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.060% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	116.27	0.0068	pay 0.0008% / 1h	2m 51s	$147K	$1.6M	20x
Short	Gate SOL_USDT	116.31	0.0100	get 0.0100% / 8h	3h 02m	$857.8M	$672.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bullet. 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 BulletbpFee GatebpOrdersPrice spread, now +0.035%Rate

Funding earned: $6.8
Price spread: +0.035% → −0.025%: $6.01
Slippage, 4 orders: −$4.99
Fee Bullet: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.18
Costs to cover: 0.280%
Break-even: 22.6 days

Slippage from Bullet: live order book, 1 min ago; Gate: live order book, 1 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 Bullet live order book, 1 min ago	0.04 bp	6.2 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.43 bp	8.1 bp −$8	9.9 bp −$99	13.2 bp −$1,323	29.0 bp −$14.5K

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
Hibachi SOL/USDT-P	−0.0224%	1h	116.50	+0.196%	$105K	$704K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.26	−0.008%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0112%	1h	116.28	+0.005%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0089%	8h	116.22	−0.047%	$746.6M	$1.40B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.210%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.17	−0.086%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.27	+0.003%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.27	+0.005%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.30	+0.026%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.27	+0.002%	$7.6M	$404.3M	50x	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	+0.0064%	1h	116.27	0.000%	$99K	$175K	20x	as long as short
Bullet SOL-USDlong	+0.0068%	1h	116.27	long leg	$147K	$1.6M	20x
Bitget SOLUSDT	+0.0086%	8h	116.30	+0.028%	$480.6M	$448.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.24	−0.027%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.34	+0.065%	$13.1M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.26	−0.012%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.25	−0.016%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.20	−0.060%	$60K	$897K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.26	−0.007%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.29	+0.018%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.40	+0.112%	$700.5M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.27	+0.002%	$174.2M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.30	+0.024%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.29	+0.022%	$969.7M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.33	+0.052%	$366.6M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.32	+0.043%	$218K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.29	+0.018%	$925K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.46	+0.164%	$132.4M	$15.1M	20x	as long as short
Gate SOL_USDTshort	+0.0100%	8h	116.31	+0.035%	$857.8M	$672.1M	100x
MEXC SOL_USDT	+0.0100%	8h	116.32	+0.043%	$373.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	+0.035%	$122.9M	$226.8M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.27	+0.001%	—	$364.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.26	−0.008%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	+0.073%	$25.1M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	+0.140%	$93.5M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.43	+0.138%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.50	+0.201%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.48	+0.181%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.26	−0.008%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.19	−0.069%	$25K	$32K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.26	−0.012%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.25	−0.017%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.22	−0.047%	$225.1M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.26	−0.008%	$45.3M	$103.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.27	−0.002%	$8.3M	$37.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.50	+0.198%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.44	+0.147%	—	$235.8M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.57	+0.258%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0170%	1h	116.30	+0.028%	$26.2M	$23.1M	50x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.24	−0.024%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	−0.025%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.26	−0.008%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.30	+0.022%	$118K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0560%	1h	116.46	+0.160%	$25K	$52K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.32	+0.046%	$1.9M	$4.8M	20x	as long as short