Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%

Price spread now: Gate against dYdX+0.017%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.017%, 7d avg +0.009%

Together, before fees−0.002%$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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	116.41	0	get 0.0000% / 1h	57m 10s	$4.3M	$23.4M	20x
Short	Gate SOL_USDT	116.43	0.0100	get 0.0100% / 8h	7h 57m	$846.2M	$604.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.017%Rate

Funding earned: $21
Price spread: +0.017% → +0.009%: $0.82
Slippage, 4 orders: −$12.04
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.22
Costs to cover: 0.370%
Break-even: 12.1 days

Slippage from dYdX: live order book, 2 min ago; Gate: live order book, 2 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 dYdX live order book, 2 min ago	5.59 bp	10.6 bp −$11	12.7 bp −$127	26.7 bp −$2,666	82.4 bp −$41.2K
Sell Gate live order book, 2 min ago	0.43 bp	7.9 bp −$8	11.2 bp −$112	18.1 bp −$1,809	29.4 bp −$14.7K

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
Phemex SOLUSDT	−0.0571%	8h	116.44	+0.026%	$45.3M	$103.9M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.33	−0.070%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.46	+0.040%	$32.3M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0019%	1h	116.37	−0.031%	—	$636K	20x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.17	−0.202%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.45	+0.036%	$42K	—	150x	as long as short
dYdX SOL-USDlong	0.0000%	1h	116.41	long leg	$4.3M	$23.4M	20x
Kalshi KXSOLPERP	0.0000%	8h	116.40	−0.009%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.39	−0.013%	$99K	$3.4M	8.3x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.43	+0.017%	$480.6M	$456.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0032%	1h	116.28	−0.107%	$102K	$678K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.45	+0.034%	$7.8M	$397.1M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.41	+0.001%	$177.0M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.44	+0.029%	$1.0M	$6.0M	100x	as long as short
Bybit SOLUSDT	+0.0075%	8h	116.44	+0.026%	$732.3M	$1.42B	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.49	+0.071%	$26.2M	$22.0M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.44	+0.026%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.41	−0.003%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.43	+0.013%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.44	+0.025%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.41	0.000%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.052%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.54	+0.112%	$695.9M	$409.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.43	+0.015%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.41	0.000%	$963.4M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.44	+0.026%	$366.5M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.034%	$217K	$855K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.44	+0.027%	$920K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.071%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDTshort	+0.0100%	8h	116.43	+0.017%	$846.2M	$604.6M	100x
MEXC SOL_USDT	+0.0100%	8h	116.45	+0.034%	$372.4M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.44	+0.024%	$129.5M	$236.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.43	+0.020%	—	$373.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.45	+0.034%	$22.9M	$35.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.15	−0.224%	$24.8M	$107.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.23	−0.152%	$93.4M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.27	−0.122%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.27	−0.118%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.32	−0.077%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.46	+0.043%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.46	+0.041%	$281K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.44	+0.022%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.43	+0.016%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.42	+0.009%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.40	−0.009%	$225.4M	$50.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.37	−0.032%	$8.2M	$36.7M	50x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	116.48	+0.060%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.26	−0.132%	—	$232.2M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.35	−0.052%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.060%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.39	−0.020%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.45	+0.034%	$52.1M	$64.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.44	+0.030%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0423%	1h	116.32	−0.079%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.51	+0.090%	$2.1M	$4.7M	20x	as long as short