Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: HTX against Bulk+0.273%7-day average −0.027% · 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+$2as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Bulk Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.710%−$71 · spread now +0.273%, 7d avg −0.027%

Together, before fees−0.713%−$71 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 0.300% dearer against Bulk than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	117.59	0.0100	pay 0.0013% / 1h	15m 17s	$135.8M	$17.2M	20x
Short	HTX SOL-USDT	117.91	0.0100	get 0.0100% / 8h	5h 15m	$229.0M	$45.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bulk. 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 BulkbpFee HTXbpOrdersPrice spread, now +0.273%Rate

Funding earned: $0
Price spread: +0.273% → −0.027%: $30.03
Slippage, 4 orders: −$9.14
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $1.89
Costs to cover: 0.281%
Break-even: from the start

Slippage from Bulk: live order book, 4 min ago; HTX: 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 Bulk live order book, 4 min ago	4.24 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$774	9.6 bp −$4,789
Sell HTX live order book, 4 min ago	0.00 bp	6.1 bp −$6	8.9 bp −$89	17.5 bp −$1,751	41.8 bp −$20.9K

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
Bluefin SOL-PERP	−0.0116%	1h	117.90	+0.267%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.03	+0.374%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0067%	1h	117.87	+0.243%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.93	+0.290%	$31.6M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.84	+0.218%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.91	+0.274%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.94	+0.300%	$4.5M	$24.1M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0041%	1h	117.96	+0.320%	$26.5M	$24.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	118.05	+0.393%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.94	+0.300%	$100K	$165K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.94	+0.298%	$7.9M	$404.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.93	+0.292%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.92	+0.280%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.92	+0.286%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.90	+0.266%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.94	+0.300%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.95	+0.309%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.89	+0.262%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.94	+0.300%	$177.7M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.96	+0.318%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.90	+0.267%	$971.4M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.94	+0.296%	$832.5M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.91	+0.274%	$366.8M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.93	+0.291%	$239K	$857K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.95	+0.305%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	117.59	long leg	$135.8M	$17.2M	20x
Gate SOL_USDT	+0.0100%	8h	117.92	+0.283%	$860.0M	$653.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.91	+0.274%	$426.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.95	+0.307%	$130.2M	$212.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.91	+0.271%	$488.5M	$431.2M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.91	+0.273%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.01	+0.359%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.04	+0.387%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.86	+0.233%	$94.7M	$394.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.96	+0.317%	$48.3M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	+0.206%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.98	+0.334%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.90	+0.266%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.91	+0.277%	$199K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	+0.265%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.92	+0.283%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	117.91	+0.273%	$229.0M	$45.5M	75x
Phemex SOLUSDT	+0.0100%	8h	117.99	+0.342%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	118.02	+0.366%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.89	+0.256%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.01	+0.364%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.03	+0.376%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.99	+0.346%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0176%	1h	118.02	+0.368%	$722.0M	$389.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.87	+0.244%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.083%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.92	+0.283%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.96	+0.315%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	117.91	+0.275%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0408%	1h	117.94	+0.298%	$25K	$51K	20x	as long as short