Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.022%

Price spread now: OKX against gTrade (Gains Network)−0.031%143s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on OKX

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

Funding pays, the price is against you. OKX is 0.031% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). The two prices were read 143 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	116.62	L −0.0001% / S +0.0004%	get 0.0000% / 1h	11m 02s	$42K	—	150x
Short	OKX SOL-USDT-SWAP	116.58	0.0100	get 0.0100% / 8h	1h 11m	$367.2M	$1.77B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $21.24
Price spread: −0.031% → 0.000%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1.85
Costs to cover: 0.200%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	0.43 bp	5.4 bp −$5	5.8 bp −$58	8.8 bp −$884	21.8 bp −$10.9K

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 54 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	−0.0192%	1h	116.59	−0.022%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.57	−0.039%	$739.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.58	−0.033%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.62	+0.003%	$32.3M	$106.1M	100x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.55	−0.061%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.62	long leg	$42K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.62	+0.002%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.59	−0.021%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.62	+0.003%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0039%	8h	116.59	−0.024%	$480.5M	$459.4M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	116.61	−0.005%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.63	+0.009%	$8.0M	$402.8M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.57	−0.038%	$2.2M	$16.9M	25x	as long as short
Aster SOLUSDT	+0.0078%	8h	116.57	−0.040%	$176.6M	$169.8M	100x	as long as short
SoDEX SOL-USD	+0.0083%	1h	116.58	−0.031%	$6.1M	$11.0M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	116.57	−0.040%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0092%	8h	116.52	−0.082%	$1.0M	$553K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.026%	$13.1M	$61.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.58	−0.029%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.065%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	−0.069%	$5.5M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.70	+0.072%	$699.0M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.60	−0.010%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.59	−0.022%	$966.9M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	116.58	−0.031%	$367.2M	$1.77B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.50	−0.099%	$216K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	−0.036%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.057%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.58	−0.031%	$849.7M	$675.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.58	−0.031%	$368.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.021%	$132.9M	$233.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.58	−0.029%	—	$373.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.59	−0.022%	$23.1M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	−0.053%	$25.0M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.56	−0.051%	$93.6M	$408.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.58	−0.030%	$47.7M	$30.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.63	+0.009%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.64	+0.021%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.56	−0.048%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.57	−0.040%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.031%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.57	−0.043%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.58	−0.035%	$225.7M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.57	−0.039%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.53	−0.078%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.58	−0.029%	—	$233.8M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0150%	1h	116.65	+0.031%	$26.4M	$21.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.69	+0.063%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.66	+0.038%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.54	−0.065%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	−0.074%	$52.0M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.60	−0.011%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.65	+0.026%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.64	+0.020%	$25K	$57K	20x	as long as short