Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Gate against Nado+0.035%50s7-day average −0.021% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.251% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.035%, 7d avg −0.021%

Together, before fees−0.044%+ Points / potential airdropNado: Active · farm board−$4 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: Gate is 0.056% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	116.35	0.0100	pay 0.0012% / 1h	34m 36s	$5.5M	$41.1M	40x
Short	Gate SOL_USDT	116.39	0.0100	get 0.0100% / 8h	1h 34m	$843.0M	$667.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.021%: $5.64
Slippage, 4 orders: −$3.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.47
Costs to cover: 0.251%
Break-even: 2000086963326409.8 days

Slippage from Nado: live order book, 4 min ago; Gate: 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 Nado live order book, 4 min ago	0.43 bp	3.9 bp −$4	4.3 bp −$43	9.8 bp −$978	doesn't fit
Sell Gate live order book, 4 min ago	0.43 bp	9.3 bp −$9	11.5 bp −$115	16.5 bp −$1,652	26.2 bp −$13.1K

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
Hibachi SOL/USDT-P	−0.0136%	1h	116.39	+0.035%	$96K	$688K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.35	+0.003%	$739.9M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.42	+0.057%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.43	+0.068%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.018%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0019%	1h	116.37	+0.014%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.40	+0.046%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.43	+0.071%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.43	+0.067%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.41	+0.053%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0024%	1h	116.38	+0.027%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.44	+0.078%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0046%	8h	116.39	+0.038%	$479.4M	$461.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.42	+0.060%	$8.0M	$403.8M	50x	as long as short
Aster SOLUSDT	+0.0085%	8h	116.39	+0.035%	$175.7M	$173.6M	100x	as long as short
SoDEX SOL-USD	+0.0088%	1h	116.38	+0.027%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.38	+0.027%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.43	+0.067%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.41	+0.049%	$13.1M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.40	+0.040%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.38	+0.027%	$64K	$906K	20x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	116.35	long leg	$5.5M	$41.1M	40x
Hyperliquid SOL	+0.0100%	1h	116.50	+0.130%	$697.2M	$409.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.44	+0.078%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.41	+0.053%	$966.5M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.36	+0.010%	$367.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.39	+0.035%	$216K	$884K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.42	+0.060%	$899K	$8.7M	20x	as long as short
Gate SOL_USDTshort	+0.0100%	8h	116.39	+0.035%	$843.0M	$667.8M	100x
MEXC SOL_USDT	+0.0100%	8h	116.41	+0.053%	$361.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.39	+0.038%	$129.7M	$232.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.36	+0.008%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.40	+0.044%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	+0.005%	$24.9M	$111.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.44	+0.076%	$93.5M	$410.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.41	+0.050%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.148%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.41	+0.053%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.36	+0.010%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.38	+0.025%	$237K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.39	+0.034%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.36	+0.014%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.36	+0.012%	$225.4M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.39	+0.035%	$45.3M	$105.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.173%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.36	+0.006%	$8.0M	$39.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.46	+0.098%	$26.4M	$21.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.42	+0.058%	—	$237.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.130%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.55	+0.173%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.36	+0.007%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.38	+0.027%	$52.1M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.41	+0.055%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.48	+0.115%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0497%	1h	116.49	+0.125%	$25K	$56K	20x	as long as short