Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.003%

Price spread now: Bulk against Gate−0.303%7-day average +0.006% · 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−$62as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Gate Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.314%+$31 · spread now −0.303%, 7d avg +0.006%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.309% cheaper against Gate than usual: you would sell low and buy high (spread −0.303% now, against its 7-day average of +0.006%). If the spread goes back, that is −$31 on $10k: about 2 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.002% in total) that is about 17 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	119.07	0.0085	pay 0.0085% / 8h	2h 35m	$868.2M	$680.4M	100x
Short	Bulk SOL-USD	118.71	0.0100	get 0.0013% / 1h	35m 12s	$133.1M	$11.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Gate. 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 GatebpFee BulkbpOrdersPrice spread, now −0.303%Rate

Funding earned: $3.15
Price spread: −0.303% → +0.006%: −$30.92
Slippage, 4 orders: −$9.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$59.27
Costs to cover: 0.315%
Break-even: 138.7 days

Slippage from Gate: live order book, 4 min ago; Bulk: live order book, 4 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 Gate live order book, 4 min ago	0.42 bp	8.2 bp −$8	11.6 bp −$116	17.0 bp −$1,696	29.8 bp −$14.9K
Sell Bulk live order book, 4 min ago	4.21 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$771	7.7 bp −$3,857

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	118.89	−0.151%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.99	−0.071%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.96	−0.095%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.98	−0.073%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0019%	1h	118.93	−0.120%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.07	−0.002%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.96	−0.088%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.03	−0.036%	$180K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.00	−0.062%	$4.9M	$26.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0023%	1h	119.13	+0.046%	$26.7M	$27.6M	50x	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	+0.0060%	8h	119.08	+0.012%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0066%	8h	118.96	−0.092%	$231.8M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.07	0.000%	$104K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.041%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.09	+0.014%	—	$371.9M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	119.00	−0.062%	$122K	$600K	20x	as long as short
Gate SOL_USDTlong	+0.0085%	8h	119.07	long leg	$868.2M	$680.4M	100x
Lighter SOL	+0.0096%	1h	119.06	−0.006%	$13.5M	$53.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.06	−0.010%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.06	−0.012%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.01	−0.049%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.04	−0.025%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.04	−0.025%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.18	+0.092%	$718.7M	$413.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.06	−0.012%	$179.7M	$174.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.06	−0.012%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.09	+0.017%	$972.7M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.11	+0.034%	$823.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.07	0.000%	$370.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.101%	$234K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.09	+0.020%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.09	+0.017%	$470.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.06	−0.008%	$143.3M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.08	+0.013%	$497.1M	$448.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.12	+0.042%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.058%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.303%	$95.3M	$397.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.11	+0.031%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.01	−0.050%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.04	−0.025%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.04	−0.024%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.07	−0.003%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.05	−0.016%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.06	−0.008%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.05	−0.017%	$46.5M	$99.9M	50x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	118.71	−0.303%	$133.1M	$11.8M	20x
Extended SOL-USD	+0.0104%	1h	119.04	−0.026%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.11	+0.038%	$8.1M	$414.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.06	−0.013%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	−0.034%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.08	+0.012%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.03	−0.029%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.03	−0.034%	$51.8M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.09	+0.015%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.06	−0.008%	$3.6M	—	200x	as long as short