Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC+0.0336%/8h= +36.8% APRpaid last 24h +0.017%

Price spread now: Perpl against gTrade (Gains Network)+0.020%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Perpl

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—+ Points / potential airdropPerpl: Active · farm boardneeds 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: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	116.59	L −0.0001% / S +0.0004%	get 0.0000% / 1h	20m 36s	$54K	—	150x
Short	Perpl SOL	116.61	0.0335	get 0.0030% / 43m	34m 36s	$139K	$3.7M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.020%Rate

Funding earned: $70.49
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $48.66
Costs to cover: 0.238%
Break-even: 2.2 days

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

gTrade (Gains Network) and Perpl: 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
Hibachi SOL/USDT-P	−0.0128%	1h	116.69	+0.088%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.54	−0.042%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.62	+0.023%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.59	long leg	$54K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.65	+0.052%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	+0.035%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.52	−0.057%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.60	+0.009%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.61	+0.016%	$7.4M	$404.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.62	+0.030%	$31.0M	$100.1M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.59	+0.005%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.62	+0.027%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.61	+0.018%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	+0.013%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.59	+0.001%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.68	+0.080%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	+0.013%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.72	+0.112%	$704.6M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.59	+0.003%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.65	+0.054%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.59	−0.001%	$969.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.52	−0.059%	$781.5M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	−0.008%	$369.2M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	+0.130%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.64	+0.047%	$926K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.60	+0.009%	$841.7M	$662.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.62	+0.027%	$386.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.61	+0.020%	$128.0M	$219.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.59	−0.001%	$479.0M	$441.1M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.58	−0.005%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.58	−0.008%	$23.4M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.50	−0.073%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.074%	$93.7M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.096%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.190%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.77	+0.155%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.57	−0.016%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.57	−0.019%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.56	−0.021%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.55	−0.031%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.61	+0.018%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.54	−0.042%	$226.2M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	+0.009%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.095%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.58	−0.012%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.60	+0.005%	—	$231.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.121%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.77	+0.155%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.67	+0.066%	$26.3M	$25.4M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.56	−0.023%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.62	+0.027%	$51.7M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0171%	1h	116.58	−0.003%	$3.5M	—	200x	as long as short
Perpl SOLshort	+0.0335%	43m	116.61	+0.020%	$139K	$3.7M	8.3x
Aftermath Perps SOLUSD	+0.0528%	1h	116.70	+0.095%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.69	+0.084%	$1.9M	$4.9M	20x	as long as short