Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.008%

Price spread now: Coinbase International against Gate+0.042%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now +0.042%, 7d avg +0.022%

Together, before fees−0.318%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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	Gate SOL_USDT	117.46	0.0100	pay 0.0100% / 8h	5h 35m	$858.1M	$648.6M	100x
Short	Coinbase International SOL-PERP-INTX	117.51	0.0064	get 0.0008% / 1h	35m 00s	$8.0M	$403.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$7.56
Price spread: +0.042% → +0.022%: $1.96
Slippage, 4 orders: −$2.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.99
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 4 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 Gate live order book, 4 min ago	0.43 bp	8.3 bp −$8	11.3 bp −$113	15.8 bp −$1,580	26.8 bp −$13.4K
Sell Coinbase International live order book, 4 min ago	0.04 bp	5.1 bp −$5	8.4 bp −$84	15.9 bp −$1,594	160.9 bp −$80.4K

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
Hotstuff SOL-PERP	−0.0080%	1h	117.44	−0.021%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.39	−0.064%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.48	+0.018%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.42	−0.035%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	+0.024%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.43	−0.029%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.46	−0.003%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.44	−0.017%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.32	−0.116%	$102K	$693K	20x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0064%	1h	117.51	+0.042%	$8.0M	$403.7M	50x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0065%	1h	117.52	+0.051%	$26.4M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0076%	8h	117.42	−0.033%	$228.1M	$45.5M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.45	−0.005%	—	$363.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.50	+0.033%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.49	+0.023%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.47	+0.009%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.48	+0.017%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.38	−0.068%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.42	−0.031%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.37	−0.072%	$5.8M	$39.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.48	+0.019%	$176.9M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.42	−0.034%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.45	−0.009%	$966.1M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.47	+0.009%	$824.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.45	−0.009%	$366.0M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	−0.043%	$237K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.43	−0.028%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.015%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDTlong	+0.0100%	8h	117.46	long leg	$858.1M	$648.6M	100x
MEXC SOL_USDT	+0.0100%	8h	117.44	−0.017%	$426.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.49	+0.022%	$129.8M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.46	+0.003%	$486.8M	$432.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.45	−0.009%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	−0.015%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.14	−0.271%	$94.1M	$399.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	−0.098%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.23	−0.193%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	−0.068%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.47	+0.009%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.48	+0.013%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	−0.013%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	−0.076%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.017%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.42	−0.037%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	−0.002%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.52	+0.051%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.50	+0.036%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0167%	1h	117.58	+0.102%	$718.3M	$392.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.46	0.000%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.068%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.48	+0.017%	$51.8M	$71.3M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.48	+0.015%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.48	+0.016%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0389%	1h	117.40	−0.054%	$25K	$51K	20x	as long as short