Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h −0.037%

Price spread now: dYdX against Gate−0.001%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.001%, 7d avg −0.009%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	116.49	0.0100	pay 0.0100% / 8h	1h 31m	$843.8M	$668.4M	100x
Short	dYdX SOL-USD	116.49	0.0022	get 0.0003% / 1h	31m 39s	$4.3M	$23.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$16.48
Price spread: −0.001% → −0.009%: $0.83
Slippage, 4 orders: −$5.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$46.14
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; dYdX: live order book, 3 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, 2 min ago	0.43 bp	9.0 bp −$9	11.7 bp −$117	18.8 bp −$1,884	27.7 bp −$13.9K
Sell dYdX live order book, 3 min ago	0.43 bp	7.2 bp −$7	14.1 bp −$141	36.5 bp −$3,650	161.8 bp −$80.9K

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	−0.0144%	1h	116.42	−0.064%	$96K	$688K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.48	−0.005%	$740.8M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.49	−0.003%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.46	−0.030%	$32.2M	$106.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.139%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0021%	1h	116.42	−0.059%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.46	−0.026%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.47	−0.018%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.47	−0.021%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USDshort	+0.0022%	1h	116.49	−0.001%	$4.3M	$23.7M	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.44	−0.043%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.52	+0.026%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0045%	8h	116.47	−0.014%	$479.7M	$460.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.46	−0.024%	$8.0M	$403.9M	50x	as long as short
Aster SOLUSDT	+0.0085%	8h	116.51	+0.017%	$175.8M	$172.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.44	−0.041%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.49	+0.001%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.46	−0.023%	$13.1M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.44	−0.045%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.45	−0.034%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.43	−0.051%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.56	+0.060%	$697.6M	$409.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	+0.027%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.48	−0.009%	$966.9M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.50	+0.009%	$368.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.46	−0.026%	$216K	$880K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	+0.021%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.034%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDTlong	+0.0100%	8h	116.49	long leg	$843.8M	$668.4M	100x
MEXC SOL_USDT	+0.0100%	8h	116.52	+0.026%	$362.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.46	−0.029%	$129.8M	$232.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.47	−0.018%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.44	−0.043%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	−0.116%	$24.9M	$111.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.44	−0.045%	$93.5M	$410.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.41	−0.071%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.027%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.52	+0.026%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.43	−0.052%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.46	−0.028%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.45	−0.034%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.44	−0.039%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.43	−0.052%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.44	−0.045%	$225.5M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.42	−0.060%	$45.3M	$105.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.024%	$8.0M	$39.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0109%	1h	116.50	+0.009%	$26.4M	$21.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.51	+0.013%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.009%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.47	−0.017%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.40	−0.078%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	0.000%	$52.2M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.46	−0.024%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.58	+0.076%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0499%	1h	116.52	+0.029%	$25K	$56K	20x	as long as short