Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.002%

Price spread now: HTX against Aevo+0.007%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.007%, 7d avg +0.010%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	118.48	0.0096	pay 0.0012% / 1h	6m 10s	$351K	$748K	20x
Short	HTX SOL-USDT	118.48	0.0078	get 0.0078% / 8h	6m 10s	$230.6M	$45.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$3.87
Price spread: +0.007% → +0.010%: −$0.31
Slippage, 4 orders: −$12.48
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.66
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Aevo: live order book, 8 min ago; HTX: live order book, 3 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 Aevo live order book, 8 min ago	3.08 bp	14.0 bp −$14	24.0 bp −$240	35.2 bp −$3,515	doesn't fit
Sell HTX live order book, 3 min ago	0.00 bp	6.0 bp −$6	9.7 bp −$97	18.0 bp −$1,803	42.7 bp −$21.3K

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
Derive SOL-PERP	−0.0100%	1h	118.41	−0.057%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.56	+0.071%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.48	+0.004%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.59	+0.101%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.50	+0.019%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.56	+0.073%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.58	+0.087%	$174K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0003%	1h	118.58	+0.089%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0010%	1h	118.57	+0.082%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0066%	8h	118.51	+0.030%	$865.5M	$687.9M	100x	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	+0.0076%	8h	118.50	+0.017%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDTshort	+0.0078%	8h	118.48	+0.007%	$230.6M	$45.1M	75x
01 Exchange SOLUSD	+0.0080%	1h	118.56	+0.072%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.49	+0.012%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.72	+0.204%	$120K	$631K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.52	+0.041%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.52	+0.034%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	118.48	long leg	$351K	$748K	20x
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.56	+0.075%	$8.1M	$415.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.57	+0.078%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.56	+0.072%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.54	+0.055%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.65	+0.148%	$717.5M	$407.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.53	+0.046%	$178.2M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.60	+0.104%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.55	+0.063%	$977.6M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.56	+0.072%	$821.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.53	+0.046%	$370.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.030%	$230K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.60	+0.105%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	+0.145%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.49	+0.013%	$427.8M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.51	+0.031%	$137.0M	$206.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.52	+0.034%	$491.7M	$458.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.54	+0.055%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	+0.003%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.58	+0.087%	$95.2M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	+0.139%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.56	+0.072%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.53	+0.046%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.48	+0.005%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.50	+0.024%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.53	+0.043%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.53	+0.046%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.52	+0.038%	$46.4M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.73	+0.215%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.46	−0.011%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.53	+0.045%	$32.5M	$96.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.62	+0.123%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.60	+0.107%	—	$225.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.49	+0.016%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.156%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.47	−0.004%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.57	+0.080%	$51.7M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.54	+0.056%	$1.8M	$4.8M	20x	as long as short