Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.019%

Price spread now: Orderly against gTrade (Gains Network)+0.010%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Orderly

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: +$2 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	119.12	L 0.0000% / S +0.0004%	get 0.0000% / 1h	4m 50s	$54K	—	150x
Short	Orderly PERP_SOL_USDC	119.13	0.0062	get 0.0062% / 8h	2h 04m	$1.1M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.010%Rate

Funding earned: $13.2
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.79
Costs to cover: 0.160%
Break-even: 7.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.247%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.13	+0.008%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	119.07	−0.038%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.02	−0.077%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.19	+0.061%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L 0.0000% / S +0.0004%	1h	119.12	long leg	$54K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	119.14	+0.020%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.10	−0.017%	$178K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.16	+0.037%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0042%	1h	119.32	+0.172%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0058%	8h	119.05	−0.052%	$231.9M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDCshort	+0.0062%	8h	119.13	+0.010%	$1.1M	$5.9M	100x
Hibachi SOL/USDT-P	+0.0064%	1h	119.19	+0.059%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.14	+0.020%	$103K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.16	+0.034%	—	$374.9M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.14	+0.020%	$869.2M	$689.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.15	+0.032%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.08	−0.034%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.09	−0.022%	$353K	$747K	20x	as long as short
ApeX Omni SOLUSDT	+0.0099%	1h	119.21	+0.080%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.012%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	+0.003%	$48K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.09	−0.019%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.26	+0.121%	$719.3M	$414.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.12	+0.003%	$178.6M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.17	+0.041%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.15	+0.032%	$976.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.17	+0.041%	$824.0M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.15	+0.029%	$371.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.030%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.16	+0.034%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	+0.113%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.16	+0.037%	$442.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.16	+0.035%	$140.7M	$198.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.14	+0.023%	$497.0M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.12	+0.003%	$24.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.15	+0.028%	$27.5M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.32	+0.168%	$95.8M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.149%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	+0.054%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.10	−0.013%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.10	−0.017%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	−0.013%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.08	−0.026%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.10	−0.013%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.12	+0.003%	$46.5M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	+0.017%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	+0.025%	$8.2M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	+0.038%	—	$221.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.18	+0.054%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.12	0.000%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.15	+0.025%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.10	−0.017%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.10	−0.013%	$52.0M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.13	+0.008%	$35.4M	$91.3M	100x	as long as short