Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)−0.039%7-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 SunX

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. SunX is 0.039% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	116.35	L −0.0001% / S +0.0004%	get 0.0000% / 1h	37m 07s	$42K	—	150x
Short	SunX SOL-USDT	116.30	0.0100	get 0.0100% / 8h	37m 07s	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21.24
Price spread: −0.039% → 0.000%: −$3.95
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.7
Costs to cover: 0.180%
Break-even: 7.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	3.00 bp	22.2 bp −$22	32.5 bp −$325	doesn't fit	doesn't fit

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 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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.33	−0.013%	$32.4M	$106.4M	100x	as long as short
Hibachi SOL/USDT-P	−0.0144%	1h	116.48	+0.111%	$96K	$684K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.32	−0.028%	$735.4M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0088%	1h	116.39	+0.035%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.41	+0.052%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.431%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0050%	1h	116.34	−0.009%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.35	long leg	$42K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.40	+0.048%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.34	−0.004%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0006%	1h	116.35	+0.001%	$4.3M	$23.5M	20x	as long as short
SoDEX SOL-USD	+0.0008%	1h	116.30	−0.042%	$6.1M	$11.0M	20x	as long as short
Lighter RH SOL	+0.0024%	1h	116.28	−0.055%	$2.1M	$16.7M	25x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.35	−0.003%	$480.0M	$458.0M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.34	−0.008%	$99K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.33	−0.021%	$7.9M	$400.7M	50x	as long as short
Aster SOLUSDT	+0.0057%	8h	116.37	+0.018%	$176.8M	$168.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0074%	8h	116.31	−0.037%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	116.38	+0.028%	$26.4M	$22.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.41	+0.049%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.28	−0.055%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.34	−0.011%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.29	−0.051%	$64K	$913K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.39	+0.040%	$5.5M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.42	+0.060%	$702.0M	$405.9M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	+0.057%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.34	−0.008%	$964.1M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.39	+0.035%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	+0.018%	$218K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.37	+0.016%	$890K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.35	+0.001%	$846.0M	$662.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.27	−0.068%	$368.3M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	−0.035%	$132.0M	$233.9M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.32	−0.021%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.36	+0.009%	$23.0M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.64	+0.252%	$25.0M	$108.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	+0.124%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.164%	$47.7M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.319%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.138%	$1.3M	$11.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.32	−0.025%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.34	−0.008%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.33	−0.015%	$26K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.30	−0.039%	$189K	$1.8M	30x
HTX SOL-USDT	+0.0100%	8h	116.29	−0.051%	$225.1M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.32	−0.025%	$45.2M	$104.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.173%	$126.1M	$26.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.26	−0.073%	$8.2M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.35	−0.003%	—	$233.8M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.76	+0.353%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.29	−0.055%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.27	−0.068%	$51.8M	$65.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.34	−0.007%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0480%	1h	116.60	+0.218%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.41	+0.055%	$2.1M	$4.8M	20x	as long as short