Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: HTX against Extended+0.011%7-day average +0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.011%, 7d avg +0.027%

Together, before fees−0.223%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	116.57	0.0104	pay 0.0013% / 1h	51m 14s	$8.0M	$36.5M	50x
Short	HTX SOL-USDT	116.58	0.0100	get 0.0100% / 8h	4h 51m	$226.3M	$46.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.84
Price spread: +0.011% → +0.027%: −$1.54
Slippage, 4 orders: −$2.22
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.6
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 3 min ago	0.43 bp	2.9 bp −$3	3.0 bp −$30	6.2 bp −$617	doesn't fit
Sell HTX live order book, 3 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
Hotstuff SOL-PERP	−0.0080%	1h	116.59	+0.014%	$912	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	116.58	+0.010%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0016%	1h	116.71	+0.121%	$103K	$700K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.63	+0.052%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.60	+0.025%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.64	+0.057%	$1.4M	$18.7M	3.1x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.56	−0.010%	$1.9M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	+0.0017%	1h	116.69	+0.103%	$1.7M	$6.0M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.63	+0.052%	$99K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.66	+0.077%	$7.6M	$404.1M	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	116.65	+0.067%	$30.8M	$100.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.61	+0.039%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.64	+0.059%	$13.0M	$59.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.62	+0.046%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.63	+0.056%	$342K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.65	+0.069%	$1.0M	$526K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.57	0.000%	$48K	$858K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.59	+0.020%	$5.5M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.71	+0.120%	$707.1M	$395.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.60	+0.026%	$175.2M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.65	+0.069%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.61	+0.032%	$963.7M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.57	−0.002%	$792.4M	$1.33B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.62	+0.043%	$363.6M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	+0.035%	$232K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.63	+0.054%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	+0.075%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.61	+0.035%	$847.7M	$652.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.64	+0.060%	$415.4M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.60	+0.028%	$126.3M	$216.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.61	+0.031%	$481.5M	$438.9M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.62	+0.047%	—	$365.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.52	−0.043%	$23.3M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.68	+0.091%	$24.4M	$115.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	+0.069%	$93.7M	$396.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	+0.125%	$47.7M	$29.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.095%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	+0.043%	$331K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.63	+0.055%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	+0.028%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.62	+0.045%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.64	+0.060%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.58	+0.011%	$226.3M	$46.3M	75x
Phemex SOLUSDT	+0.0100%	8h	116.65	+0.069%	$45.6M	$101.2M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	116.57	long leg	$8.0M	$36.5M	50x
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	116.69	+0.102%	$26.3M	$25.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.61	+0.031%	—	$221.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.849%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.76	+0.163%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.58	+0.012%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.67	+0.086%	$51.9M	$71.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.65	+0.069%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.63	+0.050%	$128K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0476%	1h	116.73	+0.139%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.71	+0.119%	$1.9M	$4.9M	20x	as long as short