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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0168%/8h= −18.4% APRnext payment $0.21 per $10,000 · paid last 24h −0.118%
Price spread now: Hotstuff against Hibachi−0.173%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.173% cheaper against Hibachi than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi SOL/USDT-P118.930.0088pay 0.0011% / 1h36m 48s$123K$600K20x
ShortHotstuff SOL-PERP118.72−0.0080pay 0.0010% / 1h36m 48s$842$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Hibachi. 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
−$35.28
Price spread: −0.173% → 0.000%
−$17.31
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$66.59
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Hibachi: live order book, 52 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 52 min ago0.76 bp6.3 bp −$619.6 bp −$196doesn't fitdoesn'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 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
Injective SOL/USDC PERP−0.0151%1h118.89−0.033%$4K$2K12xas long as short
Derive SOL-PERP−0.0104%1h119.06+0.111%$2.0M$3.2M13xas long as short
Vest SOL-PERP−0.0080%1h119.02+0.078%$724K20xas long as short
Hotstuff SOL-PERPshort−0.0080%1h118.72−0.173%$842$8K25x
Aftermath Perps SOLUSD−0.0025%1h118.87−0.051%$24K$47K20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.16+0.193%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.00+0.059%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.11+0.153%$180K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL0.0000%1h119.19+0.216%$26.7M$27.6M50xas long as short
dYdX SOL-USD0.0000%1h119.00+0.057%$4.9M$26.9M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT+0.0042%1h118.74−0.159%$1.5M$6.2M50xas long as short
Orderly PERP_SOL_USDC+0.0060%8h119.16+0.195%$1.1M$5.9M100xas long as short
HTX SOL-USDT+0.0068%8h119.05+0.099%$231.9M$43.6M75xas long as short
01 Exchange SOLUSD+0.0072%1h119.18+0.211%$104K$152K20xas long as short
BingX SOL-USDT+0.0082%8h119.02+0.072%$371.5Mas long as short
Gate SOL_USDT+0.0083%8h119.05+0.102%$860.3M$679.2M100xas long as short
Hibachi SOL/USDT-Plong+0.0088%1h118.93long leg$123K$600K20x
Lighter SOL+0.0096%1h118.97+0.035%$13.5M$53.5M25xas long as short
Lighter RH SOL+0.0096%1h118.96+0.024%$2.0M$16.7M25xas long as short
Aevo SOL-PERP+0.0096%1h119.14+0.175%$354K$741K20xas long as short
KuCoin SOLUSDTM+0.0098%8h119.05+0.104%$143.2M$196.5M75xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.10+0.141%$1.0M$524K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.13+0.169%$45K$780K20xas long as short
Nado SOL-PERP+0.0100%1h119.10+0.148%$5.5M$40.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.10+0.144%$717.9M$413.0M20xas long as short
Aster SOLUSDT+0.0100%8h119.03+0.082%$179.2M$174.4M100xas long as short
Pacifica SOL+0.0100%1h119.10+0.142%$12.4M$114.1M20xas long as short
Binance SOLUSDT+0.0100%8h118.95+0.021%$971.6M$3.73B100xas long as short
Bybit SOLUSDT+0.0100%8h118.96+0.023%$822.3M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.91−0.016%$370.2M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.08+0.127%$233K$863K10xas long as short
Arcus SOL-USD+0.0100%1h119.18+0.209%$1.9M$8.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.01+0.068%$470.8M$1.08B300xas long as short
Bitget SOLUSDT+0.0100%8h119.01+0.071%$496.8M$448.4M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.14+0.178%$24.4M$38.1M50xas long as short
Variational Omni SOL+0.0100%8h118.76−0.146%$27.4M$127.2Mas long as short
edgeX SOLUSDC+0.0100%4h118.71−0.185%$95.3M$397.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.74−0.156%$48.6M$33.3M20xas long as short
StandX SOL-USD+0.0100%1h118.87−0.049%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.14+0.178%$364K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.13+0.169%$202K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h119.13+0.171%$37K$15K25xas long as short
SunX SOL-USDT+0.0100%8h119.10+0.144%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.12+0.161%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.10+0.144%$46.5M$99.9M50xas long as short
Bulk SOL-USD+0.0100%1h118.71−0.184%$133.1M$11.8M20xas long as short
Extended SOL-USD+0.0104%1h119.00+0.064%$8.6M$37.0M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.16+0.198%$8.1M$414.8M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.15+0.182%$217.3M500xas long as short
Phoenix SOL+0.0154%1h118.79−0.117%$6.7M$12.5M25xas long as short
RISEx SOL/USDC+0.0175%1h119.18+0.214%$1.6M$6.1M20xas long as short
Reya SOLRUSDPERP+0.0180%1h119.13+0.166%$1.1M$557K25xas long as short
BloFin SOL-USDT+0.0220%8h119.12+0.161%$51.8M$86.8M125xas long as short
Kraken Futures PF_SOLUSD+0.0223%1h119.12+0.164%$36.1M$89.3M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0237% / S −0.0173%1h119.15+0.183%$3.6M200xas long as short