Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: HTX against Binance−0.049%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.325%−$32 · spread now −0.049%, 7d avg −0.011%

Together, before fees−0.294%−$29 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: HTX is 0.038% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	116.56	0.0100	pay 0.0100% / 8h	4h 52m	$961.0M	$3.77B	100x
Short	HTX SOL-USDT	116.50	0.0100	get 0.0100% / 8h	4h 52m	$226.1M	$46.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.011%: −$3.78
Slippage, 4 orders: −$2.22
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.99
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; HTX: live order book, 2 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 Binance live order book, 7 min ago	0.43 bp	5.4 bp −$5	5.6 bp −$56	8.5 bp −$848	17.6 bp −$8,818
Sell HTX live order book, 2 min ago	0.00 bp	7.1 bp −$7	10.2 bp −$102	24.2 bp −$2,419	47.8 bp −$23.9K

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
ApeX Omni SOLUSDT	−0.0435%	1h	116.33	−0.197%	$1.7M	$6.0M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.023%	$911	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	116.55	−0.006%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0016%	1h	116.71	+0.130%	$103K	$700K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.55	−0.009%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.62	+0.051%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.62	+0.053%	$1.4M	$18.7M	3.1x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.50	−0.054%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.57	+0.009%	$99K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.58	+0.015%	$7.6M	$403.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.54	−0.016%	$30.8M	$100.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.56	−0.001%	$1.0M	$5.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0093%	1h	116.61	+0.043%	$26.3M	$25.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.56	0.000%	$13.0M	$59.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.53	−0.026%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.56	+0.001%	$342K	$235K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.65	+0.077%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.52	−0.034%	$50K	$858K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.46	−0.084%	$5.5M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.63	+0.060%	$706.6M	$395.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.57	+0.011%	$175.1M	$181.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.66	+0.087%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	116.56	long leg	$961.0M	$3.77B	100x
Bybit SOLUSDT	+0.0100%	8h	116.52	−0.034%	$792.4M	$1.33B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.56	0.000%	$363.4M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	+0.043%	$232K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.53	−0.024%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	+0.084%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.55	−0.009%	$847.9M	$652.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.57	+0.009%	$415.2M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	−0.027%	$126.3M	$216.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.53	−0.025%	$481.2M	$438.8M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.54	−0.017%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.52	−0.034%	$23.3M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.68	+0.099%	$24.4M	$115.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.71	+0.126%	$93.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.56	+0.002%	$47.6M	$29.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.103%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.54	−0.017%	$333K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	−0.033%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	−0.039%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.51	−0.041%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.55	−0.009%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.50	−0.049%	$226.1M	$46.3M	75x
Phemex SOLUSDT	+0.0100%	8h	116.58	+0.017%	$45.6M	$101.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	−0.045%	$8.0M	$36.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.69	+0.107%	—	$221.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.858%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.76	+0.172%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.53	−0.024%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	+0.129%	$51.9M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.55	−0.010%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.57	+0.007%	$128K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0470%	1h	116.76	+0.170%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.59	+0.028%	$1.9M	$4.9M	20x	as long as short