Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.030%

Price spread now: Derive against Gate−0.132%7-day average −0.037% · you buy dearer than you sell

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

Long on Gate Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.132%, 7d avg −0.037%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Derive is 0.095% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, 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	116.39	0.0100	pay 0.0100% / 8h	2h 19m	$841.8M	$671.9M	100x
Short	Derive SOL-PERP	116.24	−0.0015	pay 0.0002% / 1h	19m 26s	$1.9M	$2.9M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.132%Rate

Funding earned: −$24.09
Price spread: −0.132% → −0.037%: −$9.46
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Derive: 3 bp × 2 orders: −$6
Net: −$54.54
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Derive: 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 Gate live order book, 5 min ago	0.43 bp	8.9 bp −$9	11.8 bp −$118	16.5 bp −$1,655	30.0 bp −$15.0K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0240%	1h	116.33	−0.050%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0136%	1h	116.29	−0.083%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0112%	8h	116.42	+0.028%	—	$369.5M	—	as long as short
Bybit SOLUSDT	−0.0108%	8h	116.40	+0.009%	$742.8M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	+0.031%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0059%	1h	116.38	−0.010%	—	$625K	20x	as long as short
Derive SOL-PERPshort	−0.0015%	1h	116.24	−0.132%	$1.9M	$2.9M	13x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	−0.070%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.07	−0.278%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.43	+0.031%	$113K	$3.7M	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	+0.0010%	1h	116.43	+0.033%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	116.43	+0.034%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.35	−0.036%	$7.8M	$404.7M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.40	+0.005%	$479.5M	$458.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.33	−0.049%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.39	0.000%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.39	0.000%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.33	−0.056%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.35	−0.034%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.42	+0.029%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.37	−0.017%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.52	+0.112%	$692.5M	$403.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.41	+0.018%	$176.0M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	+0.030%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.42	+0.026%	$970.3M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.44	+0.043%	$364.2M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.36	−0.026%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.44	+0.039%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.463%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDTlong	+0.0100%	8h	116.39	long leg	$841.8M	$671.9M	100x
MEXC SOL_USDT	+0.0100%	8h	116.43	+0.034%	$355.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.37	−0.016%	$126.6M	$230.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.35	−0.034%	$22.9M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.340%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.279%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.472%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.547%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	−0.137%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.43	+0.034%	$320K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.28	−0.096%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.29	−0.088%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.31	−0.072%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.33	−0.052%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.25	−0.121%	$225.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	−0.052%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.37	−0.019%	$8.1M	$39.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.28	−0.092%	—	$239.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.627%	$4K	$2K	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0176%	1h	116.38	−0.011%	$26.3M	$22.0M	50x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.017%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.40	+0.006%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.10	−0.249%	$51.8M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.31	−0.073%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.48	+0.078%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0575%	1h	115.94	−0.382%	$25K	$53K	20x	as long as short