Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.034%

Price spread now: Gate against Derive+0.053%7-day average +0.032% · you sell dearer than you buy

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

Long on Derive Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now +0.053%, 7d avg +0.032%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.021% dearer against Derive than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	119.68	−0.0052	get 0.0006% / 1h	55m 23s	$2.0M	$2.8M	13x
Short	Gate SOL_USDT	119.74	0.0086	get 0.0086% / 8h	55m 23s	$873.8M	$672.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Derive. 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 DerivebpFee GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: $28.94
Price spread: +0.053% → +0.032%: $2.11
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $10.05
Costs to cover: 0.210%
Break-even: 4.6 days

Slippage unknown: Derive: no order-book sample; Gate: live order book, 4 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.42 bp	7.9 bp −$8	10.7 bp −$107	16.7 bp −$1,669	27.5 bp −$13.8K

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
Hotstuff SOL-PERP	−0.0080%	1h	119.68	+0.003%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.66	−0.014%	—	$723K	20x	as long as short
Derive SOL-PERPlong	−0.0052%	1h	119.68	long leg	$2.0M	$2.8M	13x
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.76	+0.069%	$116K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.70	+0.023%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.56	−0.101%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.73	+0.046%	$177K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.164%	$1.5M	$6.2M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	−0.080%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.78	+0.087%	$105K	$157K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0071%	8h	119.76	+0.073%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.71	+0.027%	—	$10.5M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	119.80	+0.107%	$26.8M	$26.1M	50x	as long as short
HTX SOL-USDT	+0.0085%	8h	119.70	+0.020%	$233.0M	$45.1M	75x	as long as short
Gate SOL_USDTshort	+0.0086%	8h	119.74	+0.053%	$873.8M	$672.5M	100x
Aftermath Perps SOLUSD	+0.0094%	1h	119.44	−0.194%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.73	+0.049%	$13.7M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.63	−0.038%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.55	−0.109%	$118K	$608K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.74	+0.054%	$355K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.76	+0.070%	$8.3M	$419.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.67	−0.007%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.72	+0.037%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.65	−0.021%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.85	+0.145%	$723.3M	$411.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.75	+0.058%	$179.3M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.67	−0.002%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.76	+0.070%	$986.9M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.79	+0.092%	$833.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.74	+0.053%	$373.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.58	−0.080%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.73	+0.048%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.272%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.75	+0.062%	$455.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.75	+0.060%	$140.4M	$203.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.74	+0.052%	$498.5M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.66	−0.013%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.52	−0.131%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.46	−0.185%	$95.9M	$400.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.51	−0.140%	$49.0M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.57	−0.089%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.76	+0.070%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.76	+0.067%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.74	+0.050%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.75	+0.065%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	+0.053%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.72	+0.037%	$46.8M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.73	+0.043%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0104%	1h	119.74	+0.056%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	+0.074%	—	$224.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.548%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.74	+0.054%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.74	+0.053%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.75	+0.059%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0170%	1h	119.76	+0.071%	$3.6M	—	200x	as long as short