Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.002%

Price spread now: HTX against Coinbase International−0.089%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.089%, 7d avg −0.024%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.065% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	118.79	0.0096	pay 0.0012% / 1h	3m 57s	$8.1M	$416.4M	50x
Short	HTX SOL-USDT	118.69	0.0078	get 0.0078% / 8h	3m 57s	$230.7M	$45.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$3.73
Price spread: −0.089% → −0.024%: −$6.53
Slippage, 4 orders: −$0.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.76
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; HTX: live order book, 5 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 Coinbase International live order book, 5 min ago	0.04 bp	5.4 bp −$5	7.6 bp −$76	15.2 bp −$1,517	doesn't fit
Sell HTX live order book, 5 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	118.68	−0.093%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.66	−0.111%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.67	−0.109%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.70	−0.080%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.79	−0.005%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.65	−0.121%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.76	−0.031%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0007%	1h	118.55	−0.205%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0064%	1h	118.81	+0.011%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.75	−0.037%	$859.9M	$689.4M	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	+0.0077%	8h	118.78	−0.010%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDTshort	+0.0078%	8h	118.69	−0.089%	$230.7M	$45.1M	75x
01 Exchange SOLUSD	+0.0080%	1h	118.78	−0.012%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.72	−0.063%	—	$10.6M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.58	−0.182%	$122K	$641K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.75	−0.035%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	−0.043%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.79	−0.004%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0096%	1h	118.79	long leg	$8.1M	$416.4M	50x
Paradex SOL-USD-PERP	+0.0100%	8h	118.72	−0.063%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.73	−0.054%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	−0.028%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.88	+0.072%	$718.9M	$407.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.77	−0.018%	$178.4M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.75	−0.033%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.78	−0.009%	$980.0M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.79	−0.002%	$823.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.75	−0.037%	$370.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.298%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.78	−0.008%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.124%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.78	−0.012%	$426.5M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.77	−0.018%	$137.4M	$206.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.77	−0.023%	$492.8M	$458.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	+0.013%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.265%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.60	−0.165%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	−0.130%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	−0.180%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.76	−0.029%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.76	−0.026%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.76	−0.025%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.76	−0.031%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.75	−0.037%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	−0.037%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	−0.130%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.73	−0.051%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.76	−0.027%	$32.6M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.64	−0.126%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.70	−0.083%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.78	−0.015%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	−0.113%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.74	−0.044%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.59	−0.172%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.75	−0.035%	$1.8M	$4.8M	20x	as long as short