Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.037%
Price spread now: HTX against Derive+0.043%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.043%, 7d avg +0.031%
Together, before fees−0.062%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive SOL-PERP118.89−0.0107get 0.0013% / 1h13m 00s$2.0M$3.0M13x
ShortHTX SOL-USDT118.940.0080get 0.0080% / 8h1h 13m$231.6M$45.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Derive. 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

Funding earned
$39.24
Price spread: +0.043% → +0.031%
$1.22
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$22.46
Costs to cover
0.180%
Break-even
3.0 days
Slippage unknown: Derive: no order-book sample; HTX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell HTX live order book, 1 min ago0.00 bp6.0 bp −$610.0 bp −$10017.2 bp −$1,72036.4 bp −$18.2K
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0299%1h118.97+0.068%$37K$17K25xas long as short
Derive SOL-PERPlong−0.0107%1h118.89long leg$2.0M$3.0M13x
Hotstuff SOL-PERP−0.0080%1h119.04+0.133%$844$8K25xas long as short
Vest SOL-PERP−0.0066%1h118.94+0.046%$722K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h118.98+0.079%$112K150xas long as short
dYdX SOL-USD−0.0001%1h119.01+0.102%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.00+0.097%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.00+0.094%$177K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0048%1h119.18+0.246%$119K$612K20xas long as short
Phoenix SOL+0.0054%1h119.28+0.331%$6.5M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0068%8h118.98+0.076%$1.1M$5.9M100xas long as short
Aftermath Perps SOLUSD+0.0069%1h119.21+0.271%$24K$47K20xas long as short
01 Exchange SOLUSD+0.0072%1h118.97+0.071%$104K$155K20xas long as short
BingX SOL-USDC+0.0080%8h118.90+0.015%$10.5Mas long as short
HTX SOL-USDTshort+0.0080%8h118.94+0.043%$231.6M$45.0M75x
Gate SOL_USDT+0.0090%8h118.96+0.062%$867.9M$687.2M100xas long as short
Lighter SOL+0.0096%1h118.99+0.087%$13.6M$55.9M25xas long as short
Lighter RH SOL+0.0096%1h118.97+0.069%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h118.98+0.076%$352K$748K20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0096%1h119.04+0.133%$26.6M$27.7M50xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.00+0.098%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.98+0.079%$46K$798K20xas long as short
Nado SOL-PERP+0.0100%1h119.05+0.134%$6.1M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.07+0.155%$717.3M$417.4M20xas long as short
Aster SOLUSDT+0.0100%8h118.95+0.054%$178.1M$176.7M100xas long as short
Pacifica SOL+0.0100%1h119.04+0.129%$12.3M$118.5M20xas long as short
Binance SOLUSDT+0.0100%8h118.94+0.041%$982.3M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h118.95+0.055%$826.3M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.98+0.079%$371.9M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.98+0.079%$233K$883K10xas long as short
Arcus SOL-USD+0.0100%1h118.99+0.088%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.28+0.333%$133.9M$7.8M20xas long as short
MEXC SOL_USDT+0.0100%8h118.94+0.045%$454.1M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.97+0.075%$139.9M$201.9M75xas long as short
Bitget SOLUSDT+0.0100%8h118.97+0.071%$494.7M$455.9M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.00+0.096%$24.1M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h119.22+0.281%$27.3M$128.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.23+0.292%$95.8M$401.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.17+0.239%$48.8M$31.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.19+0.256%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.18+0.247%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.93+0.037%$362K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.96+0.064%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.97+0.069%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.98+0.079%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.00+0.096%$46.5M$102.4M50xas long as short
Extended SOL-USD+0.0104%1h118.95+0.055%$8.7M$36.2M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.02+0.113%$8.2M$415.7M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.97+0.072%$224.2M500xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.00+0.096%$32.6M$96.1M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0170% / S −0.0072%1h118.97+0.073%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h118.92+0.027%$1.1M$552K25xas long as short
RISEx SOL/USDC+0.0192%1h119.00+0.095%$1.7M$5.8M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.38+0.415%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h118.98+0.079%$52.0M$82.7M125xas long as short