Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.003%

Price spread now: Pacifica against Gate+0.118%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.118%, 7d avg +0.014%

Together, before fees−0.081%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.104% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	118.64	0.0083	pay 0.0083% / 8h	2h 44m	$856.9M	$676.8M	100x
Short	Pacifica SOL	118.78	0.0100	get 0.0013% / 1h	44m 44s	$12.3M	$113.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.118%Rate

Funding earned: $3.57
Price spread: +0.118% → +0.014%: $10.37
Slippage, 4 orders: −$4.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.54
Costs to cover: 0.275%
Break-even: 33.6 days

Slippage from Gate: live order book, 4 min ago; Pacifica: 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	8.8 bp −$9	11.0 bp −$110	15.8 bp −$1,576	25.7 bp −$12.8K
Sell Pacifica live order book, 4 min ago	0.42 bp	4.7 bp −$5	7.7 bp −$77	doesn't fit	doesn't fit

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	+0.211%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.62	−0.013%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.73	+0.075%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.77	+0.112%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0049%	1h	118.89	+0.213%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0006%	1h	118.80	+0.135%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.76	+0.101%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.79	+0.126%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.81	+0.141%	$179K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0009%	1h	118.73	+0.077%	$26.6M	$27.7M	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	+0.0058%	8h	118.72	+0.067%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0069%	8h	118.64	+0.004%	—	$372.7M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.81	+0.143%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0073%	8h	118.61	−0.028%	$231.1M	$43.6M	75x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	118.90	+0.219%	$1.5M	$6.2M	50x	as long as short
Gate SOL_USDTlong	+0.0083%	8h	118.64	long leg	$856.9M	$676.8M	100x
KuCoin SOLUSDTM	+0.0093%	8h	118.65	+0.008%	$143.6M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.65	+0.012%	$13.4M	$53.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.67	+0.025%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.68	+0.036%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.74	+0.082%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.78	+0.118%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	+0.102%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.73	+0.076%	$715.9M	$424.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.65	+0.008%	$178.9M	$173.6M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	118.78	+0.118%	$12.3M	$113.8M	20x
Binance SOLUSDT	+0.0100%	8h	118.64	0.000%	$969.8M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.67	+0.025%	$818.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.65	+0.008%	$369.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	+0.236%	$233K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	+0.148%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.204%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.65	+0.008%	$466.0M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.64	−0.002%	$495.2M	$448.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.66	+0.017%	$24.2M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.85	+0.173%	$27.6M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.227%	$95.5M	$397.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.83	+0.159%	$48.6M	$33.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.88	+0.202%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.76	+0.101%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.73	+0.073%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.72	+0.067%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.74	+0.088%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.65	+0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.69	+0.042%	$46.3M	$100.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.62	−0.014%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.87	+0.195%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.77	+0.112%	—	$218.1M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.72	+0.063%	$8.0M	$413.3M	50x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.236%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.76	+0.098%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.80	+0.139%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.75	+0.092%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.67	+0.025%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.68	+0.032%	$36.0M	$89.8M	100x	as long as short