Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0165%/8h= −18.1% APRpaid last 24h −0.035%

Price spread now: Derive against Gate−0.056%7-day average −0.032% · you buy dearer than you sell

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

Long on Gate Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.056%, 7d avg −0.032%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.024% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	118.75	0.0065	pay 0.0065% / 8h	3m 51s	$860.1M	$689.5M	100x
Short	Derive SOL-PERP	118.68	−0.0100	pay 0.0013% / 1h	3m 51s	$2.0M	$2.8M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$34.7
Price spread: −0.056% → −0.032%: −$2.36
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Derive: 3 bp × 2 orders: −$6
Net: −$58.06
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Derive: 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 Gate live order book, 5 min ago	0.42 bp	8.6 bp −$9	11.7 bp −$117	17.3 bp −$1,730	30.5 bp −$15.3K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Derive SOL-PERPshort	−0.0100%	1h	118.68	−0.056%	$2.0M	$2.8M	13x
Hotstuff SOL-PERP	−0.0080%	1h	118.66	−0.074%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.67	−0.072%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.70	−0.043%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.79	+0.032%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.65	−0.084%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.76	+0.006%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0007%	1h	118.55	−0.168%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0064%	1h	118.81	+0.048%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDTlong	+0.0065%	8h	118.75	long leg	$860.1M	$689.5M	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0077%	8h	118.78	+0.027%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.69	−0.052%	$230.7M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.78	+0.025%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.73	−0.016%	—	$10.6M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.58	−0.145%	$122K	$641K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.75	+0.002%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	−0.006%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.79	+0.033%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.79	+0.037%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.72	−0.026%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.73	−0.017%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	+0.009%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.88	+0.109%	$718.9M	$407.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	+0.027%	$178.4M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.75	+0.004%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	+0.009%	$979.8M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.78	+0.025%	$823.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.75	0.000%	$370.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.261%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.78	+0.029%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.087%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.76	+0.008%	$426.8M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.79	+0.032%	$137.4M	$206.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.74	−0.005%	$492.7M	$458.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	+0.051%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.228%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.60	−0.128%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	−0.093%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	−0.143%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.76	+0.008%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.76	+0.011%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.76	+0.012%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.76	+0.006%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.75	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	0.000%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	−0.093%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.73	−0.018%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.76	+0.010%	$32.6M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.64	−0.089%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.70	−0.045%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.78	+0.022%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	−0.076%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.74	−0.007%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.59	−0.135%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.75	+0.002%	$1.8M	$4.8M	20x	as long as short