Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.034%

Price spread now: GRVT against Hotstuff−0.038%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on GRVT

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 airdropHotstuff: Active · GRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.038% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	118.58	−0.0080	get 0.0010% / 1h	11m 07s	$841	$8K	25x
Short	GRVT SOL_USDT_Perp	118.54	0.0100	get 0.0100% / 8h	3h 11m	$48.5M	$33.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.038%Rate

Funding earned: $37.8
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $20.04
Costs to cover: 0.140%
Break-even: 3.3 days

Slippage unknown: Hotstuff: no order-book sample; GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.42 bp	4.9 bp −$5	5.2 bp −$52	9.1 bp −$911	doesn't fit

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
Vest SOL-PERP	−0.0089%	1h	118.57	−0.006%	—	$731K	20x	as long as short
Hotstuff SOL-PERPlong	−0.0080%	1h	118.58	long leg	$841	$8K	25x
Aftermath Perps SOLUSD	−0.0072%	1h	118.62	+0.031%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.57	−0.010%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0012%	1h	118.70	+0.102%	$4.8M	$26.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.67	+0.075%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	118.69	+0.089%	$194K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.68	+0.083%	$104K	$154K	20x	as long as short
HTX SOL-USDT	+0.0053%	8h	118.57	−0.008%	$231.0M	$43.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	118.66	+0.063%	$1.1M	$5.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0059%	1h	118.72	+0.120%	$26.6M	$27.9M	50x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	118.48	−0.085%	$1.5M	$6.3M	50x	as long as short
KuCoin SOLUSDTM	+0.0075%	8h	118.67	+0.077%	$144.7M	$189.0M	75x	as long as short
Gate SOL_USDT	+0.0077%	8h	118.64	+0.050%	$854.8M	$682.3M	100x	as long as short
Bitget SOLUSDT	+0.0092%	8h	118.72	+0.117%	$496.3M	$450.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.66	+0.067%	$13.5M	$52.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.65	+0.058%	$2.0M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.62	+0.037%	$352K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.65	+0.056%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.67	+0.075%	$46K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.65	+0.055%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.79	+0.176%	$716.0M	$441.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.64	+0.050%	$179.4M	$174.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.70	+0.100%	$12.4M	$112.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.70	+0.100%	$975.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.72	+0.117%	$819.8M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.71	+0.109%	$365.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.50	−0.068%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.69	+0.096%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.026%	$132.6M	$13.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.67	+0.075%	$476.9M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.70	+0.097%	—	$369.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.72	+0.117%	$24.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.58	−0.004%	$25.3M	$123.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.47	−0.092%	$95.2M	$393.7M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	118.54	−0.038%	$48.5M	$33.4M	20x
StandX SOL-USD	+0.0100%	1h	118.62	+0.033%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.65	+0.058%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.65	+0.059%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.66	+0.066%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.61	+0.026%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.63	+0.041%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.66	+0.067%	$46.3M	$99.8M	50x	as long as short
Kalshi KXSOLPERP	+0.0101%	8h	118.63	+0.041%	$1.2M	$20.9M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	118.62	+0.031%	$8.7M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.73	+0.126%	$8.0M	$411.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.001%	—	$217.0M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.69	+0.093%	$36.1M	$90.5M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	118.63	+0.043%	$125K	$602K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.64	+0.050%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.70	+0.101%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.64	+0.048%	$1.1M	$559K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.64	+0.050%	$51.7M	$90.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0239% / S −0.0182%	1h	118.66	+0.066%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	119.06	+0.404%	$4K	$2K	12x	as long as short