Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.027%

Price spread now: HTX against Hibachi−0.032%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Hibachi Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.477%−$48 · spread now −0.032%, 7d avg −0.035%

Together, before fees−0.427%+ Points / potential airdropHibachi: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	116.49	0.0072	pay 0.0009% / 1h	47m 45s	$103K	$680K	20x
Short	HTX SOL-USDT	116.45	0.0100	get 0.0100% / 8h	7h 47m	$225.5M	$50.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee HibachibpFee HTXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $5.88
Price spread: −0.032% → −0.035%: $0.25
Slippage, 4 orders: −$2.68
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$17.55
Costs to cover: 0.237%
Break-even: 27.9 days

Slippage from Hibachi: live order book, 51 min ago; HTX: live order book, 1 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 Hibachi live order book, 51 min ago	1.07 bp	5.6 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.00 bp	6.1 bp −$6	8.8 bp −$88	16.1 bp −$1,611	42.6 bp −$21.3K

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
Phemex SOLUSDT	−0.0166%	8h	116.45	−0.031%	$45.3M	$103.5M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.47	−0.013%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.51	+0.022%	$32.3M	$106.4M	100x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.45	−0.028%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.50	+0.015%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.48	−0.006%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.49	0.000%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.44	−0.040%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	−0.091%	$1.9M	$3.0M	13x	as long as short
Bitget SOLUSDT	+0.0025%	8h	116.47	−0.012%	$480.5M	$453.7M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.51	+0.018%	$7.8M	$395.6M	50x	as long as short
Bybit SOLUSDT	+0.0047%	8h	116.47	−0.018%	$732.4M	$1.41B	100x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.48	−0.006%	$177.2M	$169.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.49	+0.004%	$1.0M	$6.0M	100x	as long as short
Hibachi SOL/USDT-Plong	+0.0072%	1h	116.49	long leg	$103K	$680K	20x
Deribit SOL_USDC-PERPETUAL	+0.0080%	1h	116.54	+0.043%	$26.2M	$21.8M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.47	−0.011%	$13.1M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.47	−0.018%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.47	−0.013%	$351K	$255K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.44	−0.037%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.43	−0.049%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.41	−0.061%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	+0.080%	$696.4M	$406.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.48	−0.006%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.48	−0.003%	$963.4M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.48	−0.006%	$366.8M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.100%	$219K	$850K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.46	−0.021%	$920K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.49	+0.003%	$849.2M	$607.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.49	+0.003%	$370.9M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.50	+0.010%	$129.8M	$237.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.48	−0.005%	—	$372.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	+0.003%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.45	−0.035%	$24.9M	$105.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.30	−0.163%	$93.4M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.39	−0.083%	$47.6M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.38	−0.091%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.47	−0.014%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	+0.020%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	+0.016%	$283K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.48	−0.001%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.42	−0.057%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.47	−0.014%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.45	−0.032%	$225.5M	$50.6M	75x
Bulk SOL-USD	+0.0100%	1h	116.45	−0.031%	$126.0M	$25.6M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.026%	$8.3M	$36.6M	50x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	116.52	+0.029%	$100K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.46	−0.021%	—	$231.3M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.45	−0.031%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.126%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.45	−0.028%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	−0.023%	$52.2M	$64.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.50	+0.013%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0414%	1h	116.43	−0.047%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.51	+0.024%	$2.1M	$4.8M	20x	as long as short