Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.024%

Price spread now: Gate against gTrade (Gains Network)−0.079%7-day average −0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2882.875% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.079%, 7d avg −0.005%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.074% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 4.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	119.26	L 0.0000% / S +0.0004%	get 0.0000% / 1h	7m 48s	$55K	—	150x
Short	Gate SOL_USDT	119.17	0.0059	get 0.0059% / 8h	7h 07m	$855.2M	$673.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.079%Rate

Funding earned: $12.48
Price spread: −0.079% → −0.005%: −$7.42
Slippage, 4 orders: −$262.53
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$282.47
Costs to cover: 2.875%
Break-even: 165.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 76 min ago; Gate: live order book, 1 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), 76 min ago	130.06 bp	135.1 bp −$135	135.1 bp −$1,351	515.4 bp −$51.5K	2868.9 bp −$1.43M
Sell Gate live order book, 1 min ago	0.42 bp	8.4 bp −$8	9.6 bp −$96	14.4 bp −$1,437	26.8 bp −$13.4K

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
Derive SOL-PERP	−0.0082%	1h	119.17	−0.076%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.36	+0.077%	$933	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.20	−0.052%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	119.42	+0.132%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0035%	8h	119.18	−0.072%	$231.7M	$43.9M	75x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.22	−0.036%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.28	+0.014%	$32.4M	$97.1M	100x	as long as short
gTrade (Gains Network) SOL/USDlong	L 0.0000% / S +0.0004%	1h	119.26	long leg	$55K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	119.36	+0.084%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.26	−0.006%	$125K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0025%	1h	119.30	+0.032%	$26.8M	$24.8M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	119.23	−0.029%	$104K	$161K	20x	as long as short
Gate SOL_USDTshort	+0.0059%	8h	119.17	−0.079%	$855.2M	$673.6M	100x
BingX SOL-USDC	+0.0080%	8h	119.18	−0.070%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.26	0.000%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.29	+0.021%	$8.1M	$410.3M	50x	as long as short
ApeX Omni SOLUSDT	+0.0090%	1h	119.16	−0.087%	$1.5M	$6.0M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.25	−0.016%	$13.7M	$57.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.26	−0.006%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.23	−0.029%	$349K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.17	−0.075%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.21	−0.045%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.15	−0.094%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.32	+0.047%	$730.9M	$394.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.21	−0.045%	$180.2M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.24	−0.023%	$12.3M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.22	−0.037%	$981.7M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.25	−0.012%	$828.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.22	−0.037%	$372.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.34	+0.064%	$234K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	−0.075%	$2.1M	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.424%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.18	−0.070%	$434.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.20	−0.056%	$139.2M	$203.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.21	−0.049%	$494.9M	$438.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.20	−0.054%	$24.0M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.19	−0.066%	$24.9M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.20	−0.058%	$95.7M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	−0.109%	$48.8M	$29.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.38	+0.097%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.22	−0.037%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.24	−0.024%	$204K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.23	−0.025%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	−0.009%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.26	−0.003%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.23	−0.029%	$46.7M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.15	−0.098%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.28	+0.013%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.37	+0.092%	—	$225.6M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.20	−0.056%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.213%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.21	−0.047%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.39	+0.106%	$52.1M	$74.3M	125x	as long as short
Aftermath Perps SOLUSD	+0.0226%	1h	119.29	+0.019%	$25K	$51K	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.26	−0.002%	$3.7M	—	200x	as long as short