Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.030%

Price spread now: Bybit against gTrade (Gains Network)+0.008%7-day average — · 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−$281as in the Price arb table

costs, in and out, $10k−$2822.819% of the position

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	119.28	L −0.0005% / S +0.0004%	get 0.0001% / 1h	26m 55s	$106K	—	150x
Short	Bybit SOLUSDT	119.29	0.0100	get 0.0100% / 8h	1h 26m	$824.8M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $22.11
Price spread: +0.008% → 0.000%: $0.84
Slippage, 4 orders: −$260.87
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$258.92
Costs to cover: 2.819%
Break-even: 89.0 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Bybit: 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	515.4 bp −$51.5K	2868.9 bp −$1.43M
Sell Bybit live order book, 2 min ago	0.42 bp	5.9 bp −$6	6.9 bp −$69	11.5 bp −$1,146	21.5 bp −$10.7K

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
Bluefin SOL-PERP	−0.0104%	1h	119.29	+0.008%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0086%	1h	119.24	−0.035%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.19	−0.077%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	119.19	−0.076%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0005% / S +0.0004%	1h	119.28	long leg	$106K	—	150x
dYdX SOL-USD	−0.0001%	1h	119.15	−0.110%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.34	+0.052%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.18	−0.087%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.25	−0.026%	$119K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.24	−0.034%	$6.5M	$13.6M	25x	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	+0.0067%	8h	119.31	+0.029%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0079%	1h	119.31	+0.028%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.27	−0.008%	—	$374.3M	—	as long as short
HTX SOL-USDT	+0.0083%	8h	119.17	−0.091%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	119.29	+0.008%	$870.9M	$683.6M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.27	−0.008%	$104K	$154K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.28	+0.001%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.28	−0.003%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.30	+0.019%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.14	−0.119%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.21	−0.059%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.25	−0.029%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.35	+0.059%	$718.3M	$416.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.28	−0.004%	$178.5M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.21	−0.056%	$12.3M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	−0.008%	$986.2M	$3.81B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.29	+0.008%	$824.8M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.25	−0.025%	$371.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.31	+0.025%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.25	−0.022%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.104%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.25	−0.025%	$453.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.27	−0.007%	$140.9M	$201.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.25	−0.021%	$495.4M	$455.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.30	+0.017%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.017%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.21	−0.059%	$95.7M	$400.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.31	+0.023%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.25	−0.023%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	0.000%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.25	−0.025%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.25	−0.027%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.23	−0.045%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.29	+0.008%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.30	+0.017%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.22	−0.047%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.34	+0.048%	$8.2M	$415.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.20	−0.070%	—	$223.3M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.33	+0.038%	$32.6M	$95.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0162%	1h	119.38	+0.082%	$26.7M	$27.6M	50x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.28	−0.001%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.22	−0.054%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.25	−0.022%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.084%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.28	0.000%	$52.3M	$82.8M	125x	as long as short