Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.034%

Price spread now: Hotstuff against GRVT−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOL_USDT_Perp	117.61	0.0100	pay 0.0100% / 8h	6h 11m	$48.2M	$28.7M	20x
Short	Hotstuff SOL-PERP	117.59	−0.0080	pay 0.0010% / 1h	11m 11s	$920	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GRVT. 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 GRVTbpFee HotstuffbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$37.8
Price spread: −0.016% → 0.000%: −$1.55
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$53.35
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; Hotstuff: no order-book sample. Net counts fees only.

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 GRVT live order book, 3 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	10.5 bp −$1,047	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 54 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-PERPshort	−0.0080%	1h	117.59	−0.016%	$920	$8K	25x
Vest SOL-PERP	−0.0061%	1h	117.48	−0.114%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	−0.106%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.59	−0.020%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	−0.030%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.61	−0.002%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.52	−0.081%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.49	−0.101%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.63	+0.011%	$100K	$691K	20x	as long as short
Gate SOL_USDT	+0.0042%	8h	117.50	−0.096%	$848.8M	$665.3M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.59	−0.018%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.50	−0.093%	$228.3M	$45.5M	75x	as long as short
ApeX Omni SOLUSDT	+0.0065%	1h	117.57	−0.035%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.61	+0.001%	$8.0M	$408.4M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.50	−0.095%	—	$369.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.57	−0.035%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.59	−0.020%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.58	−0.030%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.52	−0.079%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.56	−0.047%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.53	−0.073%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.47	−0.122%	$67K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.48	−0.113%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.50	−0.096%	$176.3M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.048%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.58	−0.028%	$968.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.60	−0.011%	$819.9M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.60	−0.011%	$366.3M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.088%	$238K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.50	−0.096%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	−0.075%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.59	−0.020%	$425.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	−0.027%	$130.5M	$211.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.55	−0.050%	$487.1M	$440.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.60	−0.011%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.077%	$24.3M	$121.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.50	−0.095%	$94.4M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	117.61	long leg	$48.2M	$28.7M	20x
StandX SOL-USD	+0.0100%	1h	117.60	−0.011%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	−0.105%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.50	−0.093%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.56	−0.049%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.46	−0.127%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.59	−0.020%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	−0.011%	$45.8M	$101.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.66	+0.040%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.56	−0.045%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0112%	1h	117.61	−0.003%	$719.2M	$401.4M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.50	−0.100%	—	$225.3M	500x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.48	−0.116%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.218%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.50	−0.099%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.64	+0.022%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.52	−0.076%	$128K	$3.9M	8.3x	as long as short