Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Ondo Perps against Gate+0.129%7-day average +0.007% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days−0.491%−$49 · spread now +0.129%, 7d avg +0.007%

Together, before fees−0.372%+ Points / potential airdropOndo Perps: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.122% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	116.26	0.0100	pay 0.0100% / 8h	7h 56m	$846.3M	$604.9M	100x
Short	Ondo Perps SOL-USD.P	116.41	0.0100	get 0.0013% / 1h	56m 05s	$219K	$856K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → +0.007%: $12.15
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Ondo Perps: 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, 3 min ago	0.43 bp	7.9 bp −$8	10.4 bp −$104	17.8 bp −$1,783	30.3 bp −$15.2K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Phemex SOLUSDT	−0.0291%	8h	116.24	−0.017%	$45.2M	$103.9M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.33	+0.059%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.18	−0.066%	$32.2M	$106.9M	100x	as long as short
Vest SOL-PERP	−0.0018%	1h	116.34	+0.067%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.32	+0.052%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.41	+0.129%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	+0.067%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.39	+0.115%	$101K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	+0.104%	$1.9M	$3.0M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0018%	1h	116.36	+0.089%	$26.2M	$22.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0024%	8h	116.05	−0.180%	$478.9M	$456.4M	100x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	116.46	+0.174%	$103K	$679K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.23	−0.028%	$7.8M	$396.1M	50x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.15	−0.095%	$176.5M	$169.2M	100x	as long as short
Bybit SOLUSDT	+0.0064%	8h	116.11	−0.133%	$730.1M	$1.42B	100x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.32	+0.051%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.20	−0.053%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.18	−0.065%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.30	+0.035%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.44	+0.157%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.35	+0.077%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.32	+0.054%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.28	+0.017%	$694.5M	$409.9M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.47	+0.178%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.13	−0.112%	$960.7M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.09	−0.146%	$365.9M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	116.41	+0.129%	$219K	$856K	10x
Arcus SOL-USD	+0.0100%	1h	116.41	+0.125%	$920K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	+0.058%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDTlong	+0.0100%	8h	116.26	long leg	$846.3M	$604.9M	100x
MEXC SOL_USDT	+0.0100%	8h	116.20	−0.052%	$371.7M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.19	−0.065%	$129.3M	$237.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.17	−0.077%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.17	−0.077%	$22.8M	$36.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.15	−0.095%	$24.8M	$107.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.23	−0.023%	$93.4M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.27	+0.007%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.27	+0.011%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.42	+0.138%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.38	+0.103%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.34	+0.066%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.32	+0.050%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.38	+0.103%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.17	−0.077%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.17	−0.080%	$224.9M	$50.7M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.26	+0.004%	$8.2M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.46	+0.175%	—	$232.1M	500x	as long as short
01 Exchange SOLUSD	+0.0128%	1h	116.44	+0.155%	$100K	$181K	20x	as long as short
Phoenix SOL	+0.0130%	1h	116.35	+0.077%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.069%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.29	+0.028%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.45	+0.163%	$52.1M	$64.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.31	+0.045%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0425%	1h	116.30	+0.034%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.47	+0.184%	$2.1M	$4.7M	20x	as long as short