Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.042%

Price spread now: HTX against dYdX+0.030%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.030%, 7d avg −0.025%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.055% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	116.41	0.0016	pay 0.0002% / 1h	36m 38s	$4.3M	$23.7M	20x
Short	HTX SOL-USDT	116.44	0.0100	get 0.0100% / 8h	1h 36m	$225.5M	$50.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $17.55
Price spread: +0.030% → −0.025%: $5.49
Slippage, 4 orders: −$15.75
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.71
Costs to cover: 0.377%
Break-even: 12.9 days

Slippage from dYdX: live order book, 3 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 dYdX live order book, 3 min ago	7.73 bp	12.7 bp −$13	13.4 bp −$134	22.4 bp −$2,239	28.3 bp −$14.1K
Sell HTX live order book, 3 min ago	0.00 bp	6.0 bp −$6	8.5 bp −$85	21.5 bp −$2,148	45.9 bp −$22.9K

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
Hibachi SOL/USDT-P	−0.0136%	1h	116.41	+0.001%	$96K	$686K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.33	−0.073%	$739.4M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.46	+0.046%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.50	+0.076%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.40	−0.008%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0016%	1h	116.45	+0.038%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.42	+0.010%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.50	+0.075%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.45	+0.033%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USDlong	+0.0016%	1h	116.41	long leg	$4.3M	$23.7M	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0024%	1h	116.37	−0.031%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	0.000%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0046%	8h	116.38	−0.024%	$479.3M	$461.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.50	+0.076%	$8.0M	$404.5M	50x	as long as short
SoDEX SOL-USD	+0.0086%	1h	116.47	+0.052%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0086%	8h	116.38	−0.025%	$175.7M	$174.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	116.54	+0.110%	$26.4M	$21.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.47	+0.054%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.42	+0.005%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.39	−0.014%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.49	+0.068%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.38	−0.026%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	+0.053%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.50	+0.077%	$697.1M	$409.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.43	+0.015%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.39	−0.017%	$966.3M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.33	−0.069%	$368.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	−0.009%	$216K	$887K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.42	+0.008%	$900K	$8.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.37	−0.034%	$843.0M	$667.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.38	−0.026%	$362.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.40	−0.006%	$129.7M	$232.5M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.35	−0.048%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.43	+0.017%	$23.0M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.51	+0.090%	$24.9M	$111.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.40	−0.008%	$93.4M	$409.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.113%	$47.7M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.198%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.086%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.060%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.48	+0.064%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.48	+0.057%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.48	+0.064%	$189K	$1.8M	30x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.44	+0.030%	$225.5M	$50.7M	75x
Phemex SOLUSDT	+0.0100%	8h	116.43	+0.017%	$45.3M	$105.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.120%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.35	−0.050%	$8.0M	$39.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	+0.040%	—	$236.9M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.077%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.55	+0.120%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	+0.038%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.026%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.49	+0.071%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.130%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0498%	1h	116.55	+0.123%	$25K	$56K	20x	as long as short