Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.051%

Price spread now: RISEx against Gate+0.050%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.129%+$13 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.050%, 7d avg +0.003%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	116.66	0.0097	pay 0.0097% / 8h	4h 48m	$836.9M	$571.9M	100x
Short	RISEx SOL/USDC	116.72	0.0250	get 0.0031% / 1h	48m 22s	$2.2M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.050%Rate

Funding earned: $32.21
Price spread: +0.050% → +0.003%: $4.7
Slippage, 4 orders: −$2.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $13
Costs to cover: 0.239%
Break-even: 4.2 days

Slippage from Gate: live order book, 4 min ago; RISEx: 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	0.43 bp	8.6 bp −$9	11.0 bp −$110	23.4 bp −$2,345	32.1 bp −$16.0K
Sell RISEx live order book, 4 min ago	0.04 bp	3.0 bp −$3	6.0 bp −$60	doesn't fit	doesn't fit

SOL on 55 exchanges

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
Hibachi SOL/USDT-P	−0.0184%	1h	116.74	+0.067%	$99K	$646K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.10	+0.374%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0046%	8h	116.68	+0.017%	$725.5M	$1.22B	100x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.64	−0.017%	$1.8M	$2.5M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	+0.018%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.52	−0.123%	$1.3M	$15.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	+0.015%	$99K	$2.6M	8.3x	as long as short
Vest SOL-PERP	+0.0015%	1h	116.61	−0.045%	—	$247K	20x	as long as short
Bitget SOLUSDT	+0.0017%	8h	116.68	+0.016%	$479.4M	$390.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0024%	1h	116.72	+0.049%	$8.5M	$361.4M	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SOL/USDC PERP	+0.0033%	1h	116.85	+0.163%	$4K	$113	12x	as long as short
Orderly PERP_SOL_USDC	+0.0038%	8h	116.69	+0.021%	$965K	$5.0M	100x	as long as short
Aster SOLUSDT	+0.0045%	8h	116.66	0.000%	$176.0M	$156.3M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.69	+0.026%	$102K	$185K	20x	as long as short
MEXC SOL_USDT	+0.0064%	8h	116.63	−0.026%	$458.7M	$949.9M	300x	as long as short
Aevo SOL-PERP	+0.0064%	1h	116.62	−0.035%	$342K	$261K	20x	as long as short
Binance SOLUSDT	+0.0065%	8h	116.64	−0.017%	$967.8M	$3.39B	100x	as long as short
SoDEX SOL-USD	+0.0067%	1h	116.70	+0.034%	$6.0M	$11.2M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0072%	1h	116.76	+0.089%	$26.3M	$17.6M	50x	as long as short
ApeX Omni SOLUSDT	+0.0082%	1h	116.58	−0.069%	$996K	$6.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.75	+0.075%	$12.9M	$54.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.73	+0.062%	$2.2M	$12.8M	25x	as long as short
Gate SOL_USDTlong	+0.0097%	8h	116.66	long leg	$836.9M	$571.9M	100x
dYdX SOL-USD	+0.0099%	1h	116.74	+0.069%	$9.1M	$17.9M	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.64	−0.017%	$24K	$931K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.76	+0.088%	$1.0M	$554K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.59	−0.060%	$5.5M	$38.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.74	+0.069%	$718.8M	$364.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.78	+0.106%	$15.8M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	+0.034%	$358.8M	$1.53B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.39	−0.231%	$219K	$724K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.71	+0.046%	$1.2M	$7.7M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.65	−0.009%	$133.0M	$224.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.64	−0.016%	—	$330.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.48	−0.154%	$23.1M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.53	−0.108%	$24.9M	$94.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.55	−0.095%	$93.6M	$356.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.58	−0.065%	$47.7M	$25.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.71	+0.043%	$1.3M	$9.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	−0.034%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.002%	$283K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	+0.021%	$26K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.65	−0.005%	$190K	$1.4M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.128%	$225.3M	$39.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	−0.137%	$45.2M	$98.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.077%	$127.3M	$9.4M	20x	as long as short
Phoenix SOL	+0.0103%	1h	116.81	+0.129%	$6.7M	$11.6M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	116.64	−0.015%	$8.4M	$32.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.63	−0.026%	—	$210.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0128%	1h	116.73	+0.061%	$33.2M	$91.9M	100x	as long as short
BloFin SOL-USDT	+0.0185%	8h	116.44	−0.189%	$51.7M	$55.6M	125x	as long as short
Reya SOLRUSDPERP	+0.0201%	1h	116.58	−0.068%	$1.1M	$90K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.67	+0.010%	$3.6M	—	200x	as long as short
RISEx SOL/USDCshort	+0.0250%	1h	116.72	+0.050%	$2.2M	$3.7M	20x
Aftermath Perps SOLUSD	+0.0427%	1h	116.70	+0.036%	$25K	$45K	20x	as long as short