Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.007%

Price spread now: Gate against Bulk+0.210%7-day average −0.009% · 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−$10as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.205%−$21 · spread now +0.210%, 7d avg −0.009%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.219% dearer against Bulk than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of −0.009%): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 3 days (0.000% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	117.55	0.0100	pay 0.0013% / 1h	28m 55s	$134.7M	$14.2M	20x
Short	Gate SOL_USDT	117.80	0.0034	get 0.0034% / 8h	6h 28m	$853.7M	$660.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bulk. 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 BulkbpFee GatebpOrdersPrice spread, now +0.210%Rate

Funding earned: −$13.86
Price spread: +0.210% → −0.009%: $21.92
Slippage, 4 orders: −$10.24
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.18
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Bulk: live order book, 5 min ago; Gate: live order book, 5 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 Bulk live order book, 5 min ago	4.25 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$775	7.7 bp −$3,873
Sell Gate live order book, 5 min ago	0.43 bp	8.8 bp −$9	12.2 bp −$122	16.9 bp −$1,691	29.0 bp −$14.5K

SOL on 54 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	117.76	+0.179%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.81	+0.218%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.70	+0.121%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	117.85	+0.250%	$92K	$691K	20x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	+0.168%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.78	+0.193%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	+0.321%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.86	+0.260%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.92	+0.313%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	117.77	+0.181%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.87	+0.267%	$2.0M	$4.6M	20x	as long as short
HTX SOL-USDT	+0.0023%	8h	117.67	+0.102%	$228.7M	$45.5M	75x	as long as short
Gate SOL_USDTshort	+0.0034%	8h	117.80	+0.210%	$853.7M	$660.7M	100x
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.67	+0.097%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.73	+0.149%	$8.0M	$409.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.82	+0.228%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.76	+0.179%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.72	+0.143%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.69	+0.119%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.92	+0.312%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.73	+0.147%	$345K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.94	+0.328%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	+0.244%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.90	+0.295%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.81	+0.219%	$177.0M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.331%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.83	+0.236%	$972.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.86	+0.261%	$821.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.82	+0.227%	$366.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	+0.278%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.90	+0.295%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	117.55	long leg	$134.7M	$14.2M	20x
MEXC SOL_USDT	+0.0100%	8h	117.80	+0.210%	$423.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.80	+0.209%	$131.4M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.78	+0.194%	$487.6M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.74	+0.159%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	+0.139%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	+0.147%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	+0.048%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.84	+0.244%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.87	+0.270%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.80	+0.210%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.78	+0.191%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.92	+0.310%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	+0.142%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	+0.159%	$45.8M	$101.5M	50x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.86	+0.265%	$719.8M	$402.1M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	+0.363%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.76	+0.179%	$8.2M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	+0.299%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.79	+0.200%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.550%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.80	+0.207%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0318%	1h	117.79	+0.198%	$25K	$51K	20x	as long as short