Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Phemex0.000%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	116.40	0.0013	pay 0.0013% / 8h	7h 42m	$45.3M	$103.5M	50x
Short	gTrade (Gains Network) SOL/USD	116.40	L −0.0001% / S +0.0004%	pay 0.0001% / 1h	42m 10s	$42K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.65
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$25.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; gTrade (Gains Network): 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 Phemex live order book, 2 min ago	0.43 bp	7.3 bp −$7	7.3 bp −$73	14.7 bp −$1,468	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.092%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.41	+0.007%	$32.3M	$106.1M	100x	as long as short
Vest SOL-PERP	−0.0005%	1h	116.38	−0.015%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USDshort	L −0.0001% / S +0.0004%	1h	116.40	0.000%	$42K	—	150x
dYdX SOL-USD	0.0000%	1h	116.42	+0.018%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.43	+0.024%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.44	+0.034%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.36	−0.035%	$1.8M	$2.9M	13x	as long as short
Phemex SOLUSDTlong	+0.0013%	8h	116.40	long leg	$45.3M	$103.5M	50x
Deribit SOL_USDC-PERPETUAL	+0.0015%	1h	116.44	+0.033%	$26.2M	$21.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0025%	8h	116.31	−0.076%	$479.9M	$452.9M	100x	as long as short
Bybit SOLUSDT	+0.0037%	8h	116.33	−0.059%	$731.3M	$1.40B	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.41	+0.007%	$7.8M	$394.3M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.35	−0.043%	$177.1M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.38	−0.015%	$1.0M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	116.48	+0.064%	$102K	$681K	20x	as long as short
Lighter SOL	+0.0096%	1h	116.36	−0.034%	$13.1M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.35	−0.045%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.37	−0.024%	$351K	$255K	20x	as long as short
SoDEX SOL-USD	+0.0097%	1h	116.37	−0.026%	$6.1M	$11.0M	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.32	−0.066%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.32	−0.069%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.32	−0.066%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.52	+0.103%	$696.2M	$407.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.38	−0.020%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.34	−0.048%	$961.9M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.33	−0.060%	$366.4M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.38	−0.017%	$219K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.37	−0.027%	$918K	$8.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.41	+0.009%	$848.1M	$609.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.34	−0.052%	$374.2M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.37	−0.025%	$129.7M	$237.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.33	−0.059%	—	$372.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.34	−0.052%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.47	+0.057%	$24.9M	$105.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.47	+0.059%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	+0.069%	$47.7M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.50	+0.090%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	0.000%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.44	+0.034%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.41	+0.009%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.36	−0.034%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.35	−0.046%	$225.3M	$50.5M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.043%	$126.0M	$25.6M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.33	−0.060%	$8.3M	$36.5M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.41	+0.009%	$102K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.40	−0.004%	—	$231.0M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.60	+0.172%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.052%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.38	−0.018%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.41	+0.009%	$52.0M	$64.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.40	−0.001%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0413%	1h	116.45	+0.044%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.42	+0.017%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.0844%	1h	117.34	+0.807%	$27K	$37K	25x	as long as short