Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against SunX+0.062%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$3133.135% of the position

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.062%, 7d avg +0.020%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.043% dearer against SunX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.020%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	118.37	0.0100	pay 0.0100% / 8h	23m 46s	$192K	$1.9M	30x
Short	gTrade (Gains Network) SOL/USD	118.45	L −0.0006% / S +0.0004%	pay 0.0001% / 1h	23m 46s	$112K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.062%Rate

Funding earned: −$21.91
Price spread: +0.062% → +0.020%: $4.28
Slippage, 4 orders: −$295.48
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$331.12
Costs to cover: 3.135%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle venue), just now.

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 SunX live order book, 12 min ago	3.08 bp	24.1 bp −$24	33.6 bp −$336	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), just now	130.06 bp	135.1 bp −$135	135.1 bp −$1,351	749.7 bp −$75.0K	6455.8 bp −$3.23M

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	118.44	+0.057%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.42	+0.034%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.36	−0.015%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0014%	1h	118.51	+0.118%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USDshort	L −0.0006% / S +0.0004%	1h	118.45	+0.062%	$112K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	118.45	+0.062%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.45	+0.068%	$175K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.393%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.46	+0.069%	$26.5M	$26.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.43	+0.045%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0079%	8h	118.42	+0.039%	$859.8M	$682.1M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.48	+0.089%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.44	+0.051%	—	$373.0M	—	as long as short
HTX SOL-USDT	+0.0083%	8h	118.30	−0.059%	$230.3M	$45.1M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.42	+0.035%	$13.4M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.39	+0.009%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.72	+0.295%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.36	−0.008%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.43	+0.049%	$8.1M	$414.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.48	+0.088%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.40	+0.022%	$45K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.48	+0.094%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.50	+0.106%	$717.0M	$408.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.43	+0.049%	$177.3M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.49	+0.098%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.43	+0.047%	$977.4M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.44	+0.056%	$821.6M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.39	+0.013%	$367.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.42	+0.039%	$232K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.48	+0.089%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.470%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.43	+0.047%	$427.7M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.38	+0.008%	$137.3M	$205.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.39	+0.016%	$490.7M	$460.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.39	+0.013%	$24.0M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.268%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.396%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.348%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.73	+0.301%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.41	+0.030%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.44	+0.052%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.44	+0.056%	$37K	$17K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	118.37	long leg	$192K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.38	+0.005%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.41	+0.030%	$46.3M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.461%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.39	+0.010%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.40	+0.021%	$32.4M	$97.3M	100x	as long as short
Aftermath Perps SOLUSD	+0.0115%	1h	118.81	+0.365%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.56	+0.158%	—	$226.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.45	+0.064%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.453%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.40	+0.026%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.57	+0.165%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.46	+0.075%	$1.6M	$5.2M	20x	as long as short