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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Extended+0.102%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.164% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.102%, 7d avg +0.082%
Together, before fees−0.083%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$8 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: Hyperliquid is 0.020% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SOL-USD117.980.0104pay 0.0013% / 1h51m 55s$8.3M$35.7M50x
ShortHyperliquid SOL118.100.0105get 0.0013% / 1h51m 55s$717.8M$401.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0.3
Price spread: +0.102% → +0.082%
$2.02
Slippage, 4 orders
−$2.39
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.07
Costs to cover
0.164%
Break-even
331.4 days
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.43 bp2.9 bp −$32.9 bp −$296.0 bp −$599doesn't fit
Sell Hyperliquid live order book, 12 min ago0.42 bp4.9 bp −$55.4 bp −$548.3 bp −$826doesn't fit

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
ApeX Omni SOLUSDT−0.1080%1h118.05+0.058%$1.5M$6.1M50xas long as short
Hibachi SOL/USDT-P−0.0088%1h117.92−0.048%$92K$705K20xas long as short
Hotstuff SOL-PERP−0.0080%1h118.07+0.073%$923$8K25xas long as short
Vest SOL-PERP−0.0078%1h117.94−0.031%$610K20xas long as short
HTX SOL-USDT−0.0066%8h117.92−0.052%$229.3M$44.9M75xas long as short
Derive SOL-PERP−0.0022%1h117.88−0.085%$2.0M$2.7M13xas long as short
Gate SOL_USDT−0.0020%8h117.96−0.017%$847.2M$650.7M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h117.97−0.008%$53K150xas long as short
dYdX SOL-USD0.0000%1h118.07+0.077%$4.5M$25.9M20xas long as short
Kalshi KXSOLPERP0.0000%8h118.01+0.029%$1.5M$21.4M3.1xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl SOL0.0000%43m118.09+0.098%$131K$4.0M8.3xas long as short
RISEx SOL/USDC+0.0018%1h118.04+0.054%$1.8M$4.6M20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0037%1h118.02+0.033%$26.4M$25.3M50xas long as short
Kraken Futures PF_SOLUSD+0.0049%1h117.98+0.001%$31.5M$98.6M100xas long as short
01 Exchange SOLUSD+0.0072%1h118.12+0.119%$103K$162K20xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h118.01+0.029%$7.9M$410.8M50xas long as short
BingX SOL-USDT+0.0080%8h118.04+0.054%$369.4Mas long as short
Orderly PERP_SOL_USDC+0.0083%8h117.98−0.002%$1.1M$5.9M100xas long as short
Lighter SOL+0.0096%1h117.98+0.001%$13.5M$58.1M25xas long as short
Lighter RH SOL+0.0096%1h117.980.000%$2.2M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h117.97−0.009%$346K$264K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h118.04+0.053%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.04+0.051%$45K$819K20xas long as short
Nado SOL-PERP+0.0100%1h118.03+0.038%$5.7M$41.4M40xas long as short
Aster SOLUSDT+0.0100%8h118.01+0.027%$177.5M$180.9M100xas long as short
Pacifica SOL+0.0100%1h118.05+0.057%$12.9M$128.1M20xas long as short
Binance SOLUSDT+0.0100%8h118.05+0.059%$977.2M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h118.05+0.058%$821.4M$1.29B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.01+0.026%$366.7M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.10+0.102%$255K$909K10xas long as short
Arcus SOL-USD+0.0100%1h118.08+0.083%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h118.15+0.144%$136.0M$13.0M20xas long as short
MEXC SOL_USDT+0.0100%8h118.01+0.026%$422.5M$1.10B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.00+0.015%$133.7M$207.5M75xas long as short
Bitget SOLUSDT+0.0100%8h118.00+0.014%$489.8M$445.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.03+0.042%$23.8M$36.9M50xas long as short
Variational Omni SOL+0.0100%8h117.61−0.316%$24.4M$130.2Mas long as short
edgeX SOLUSDC+0.0100%4h118.09+0.094%$94.9M$399.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.64−0.290%$48.2M$29.6M20xas long as short
StandX SOL-USD+0.0100%1h117.86−0.102%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.04+0.051%$353K$2.3M20xas long as short
Bullet SOL-USD+0.0100%1h117.980.000%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.96−0.018%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h117.95−0.022%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.980.000%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.00+0.017%$45.9M$101.2M50xas long as short
Phoenix SOL+0.0101%1h117.72−0.220%$6.5M$13.5M25xas long as short
Extended SOL-USDlong+0.0104%1h117.98long leg$8.3M$35.7M50x
Hyperliquid SOLshort+0.0105%1h118.10+0.102%$717.8M$401.0M20x
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h118.06+0.069%$228.6M500xas long as short
Reya SOLRUSDPERP+0.0187%1h118.00+0.020%$1.1M$524K25xas long as short
BloFin SOL-USDT+0.0220%8h117.980.000%$52.3M$74.2M125xas long as short
Injective SOL/USDC PERP+0.0222%1h119.50+1.288%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0167%1h117.98−0.002%$3.7M200xas long as short
Aftermath Perps SOLUSD+0.0290%1h118.04+0.052%$25K$51K20xas long as short