Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.047%

Price spread now: Gate against Hotstuff+0.021%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.021% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	119.23	−0.0080	get 0.0010% / 1h	15m 11s	$932	$8K	25x
Short	Gate SOL_USDT	119.26	0.0092	get 0.0092% / 8h	7h 15m	$856.7M	$670.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hotstuff. 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 HotstuffbpFee GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: $36.12
Price spread: +0.021% → 0.000%: $2.1
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $18.22
Costs to cover: 0.200%
Break-even: 3.5 days

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 4 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.42 bp	8.5 bp −$9	11.5 bp −$115	17.8 bp −$1,781	30.7 bp −$15.4K

Hotstuff: 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
Hotstuff SOL-PERPlong	−0.0080%	1h	119.23	long leg	$932	$8K	25x
Vest SOL-PERP	−0.0079%	1h	119.19	−0.040%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	119.19	−0.042%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.30	+0.054%	$4.9M	$25.8M	20x	as long as short
Hibachi SOL/USDT-P	−0.0016%	1h	119.19	−0.037%	$101K	$650K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.28	+0.034%	$32.3M	$96.9M	100x	as long as short
HTX SOL-USDT	−0.0004%	8h	119.16	−0.062%	$231.8M	$44.1M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.29	+0.049%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	+0.055%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.26	+0.022%	$155K	$3.8M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	119.29	+0.046%	$104K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0074%	1h	119.25	+0.016%	$37K	$17K	25x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.27	+0.026%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.26	+0.023%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.29	+0.044%	$8.1M	$410.7M	50x	as long as short
Gate SOL_USDTshort	+0.0092%	8h	119.26	+0.021%	$856.7M	$670.4M	100x
Lighter SOL	+0.0096%	1h	119.26	+0.024%	$14.1M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.26	+0.021%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.28	+0.036%	$350K	$261K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0096%	1h	119.32	+0.073%	$26.7M	$24.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.26	+0.020%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.21	−0.021%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	+0.005%	$6.3M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.39	+0.130%	$727.5M	$397.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.28	+0.038%	$180.2M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.27	+0.026%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	+0.028%	$982.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.31	+0.063%	$827.3M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.26	+0.021%	$371.7M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.12	−0.096%	$233K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	−0.055%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.400%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.27	+0.029%	$433.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.28	+0.036%	$139.0M	$203.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.26	+0.022%	$494.6M	$439.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.29	+0.046%	$24.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.049%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	−0.225%	$95.6M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	−0.097%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.04	−0.164%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.17	−0.055%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.27	+0.029%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	+0.028%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	+0.015%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.27	+0.029%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.27	+0.029%	$46.7M	$99.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.23	−0.001%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	−0.113%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.22	−0.010%	—	$218.8M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.23	−0.004%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.28	+0.040%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.189%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.26	+0.020%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0194%	1h	119.10	−0.115%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.27	+0.029%	$51.9M	$75.1M	125x	as long as short