Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Binance against Hotstuff+0.095%52s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.095% dearer against Hotstuff than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	116.71	−0.0080	get 0.0010% / 1h	31m 49s	$913	$8K	25x
Short	Binance SOLUSDT	116.82	0.0100	get 0.0100% / 8h	4h 31m	$967.3M	$3.79B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now +0.095%Rate

Funding earned: $37.8
Price spread: +0.095% → 0.000%: $9.51
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $32.31
Costs to cover: 0.150%
Break-even: 1.0 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 12 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.43 bp	5.4 bp −$5	5.7 bp −$57	10.1 bp −$1,009	19.1 bp −$9,561

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	−0.0096%	1h	116.63	−0.068%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.62	−0.076%	—	$602K	20x	as long as short
Hotstuff SOL-PERPlong	−0.0080%	1h	116.71	long leg	$913	$8K	25x
Derive SOL-PERP	−0.0060%	1h	116.64	−0.059%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.71	+0.001%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	+0.025%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.79	+0.068%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.72	+0.009%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.73	+0.018%	$7.5M	$405.2M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.71	+0.004%	$31.1M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.73	+0.017%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.087%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.79	+0.072%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	−0.003%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.068%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.69	−0.016%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	−0.022%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.84	+0.112%	$705.6M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.79	+0.067%	$175.0M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	+0.016%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	116.82	+0.095%	$967.3M	$3.79B	100x
Bybit SOLUSDT	+0.0100%	8h	116.79	+0.069%	$786.4M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.82	+0.095%	$369.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.58	−0.111%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.74	+0.025%	$929K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.222%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.73	+0.018%	$842.9M	$659.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.77	+0.052%	$417.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.73	+0.016%	$126.5M	$218.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.78	+0.063%	$480.1M	$441.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.77	+0.055%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.70	−0.008%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.25	−0.389%	$24.4M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.242%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.226%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.153%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.239%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.016%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.69	−0.016%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.039%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	−0.024%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.71	+0.001%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.076%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	−0.008%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.71	+0.001%	$8.1M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	−0.004%	—	$230.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.128%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.068%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.77	+0.055%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.66	−0.039%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.042%	$51.7M	$72.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.70	−0.005%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.70	−0.005%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.61	−0.084%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.054%	$1.9M	$4.9M	20x	as long as short