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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0206%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h +0.056%
Price spread now: Hyperliquid against Hotstuff+0.441%7-day average · you sell dearer than you buy
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 airdropHotstuff: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.441% dearer against Hotstuff than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SOL-PERP117.56−0.0080get 0.0010% / 1h52m 55s$919$8K25x
ShortHyperliquid SOL118.080.0126get 0.0016% / 1h52m 55s$717.7M$400.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$43.24
Price spread: +0.441% → 0.000%
$44.06
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$73.3
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 11 min ago. 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 Hotstuff no order-book sample
Sell Hyperliquid live order book, 11 min ago0.42 bp4.9 bp −$55.4 bp −$548.3 bp −$826doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT−0.1080%1h118.05+0.413%$1.5M$6.1M50xas long as short
Hibachi SOL/USDT-P−0.0088%1h117.62+0.051%$92K$705K20xas long as short
Hotstuff SOL-PERPlong−0.0080%1h117.56long leg$919$8K25x
Vest SOL-PERP−0.0078%1h117.77+0.180%$610K20xas long as short
HTX SOL-USDT−0.0072%8h117.87+0.266%$229.2M$44.9M75xas long as short
Derive SOL-PERP−0.0022%1h117.86+0.252%$2.0M$2.7M13xas long as short
Gate SOL_USDT−0.0008%8h118.06+0.424%$852.4M$649.7M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h117.93+0.313%$53K150xas long as short
dYdX SOL-USD0.0000%1h117.82+0.219%$4.5M$25.9M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.76+0.168%$1.5M$21.4M3.1xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl SOL0.0000%43m117.84+0.236%$131K$4.0M8.3xas long as short
RISEx SOL/USDC+0.0018%1h117.82+0.219%$1.8M$4.6M20xas long as short
Kraken Futures PF_SOLUSD+0.0049%1h117.94+0.320%$31.5M$98.6M100xas long as short
01 Exchange SOLUSD+0.0064%1h117.88+0.270%$102K$162K20xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h117.98+0.359%$7.9M$410.6M50xas long as short
BingX SOL-USDT+0.0080%8h118.08+0.436%$369.3Mas long as short
Orderly PERP_SOL_USDC+0.0083%8h117.96+0.335%$1.1M$5.9M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0093%1h117.99+0.362%$26.4M$25.3M50xas long as short
Lighter SOL+0.0096%1h117.94+0.320%$13.1M$57.3M25xas long as short
Lighter RH SOL+0.0096%1h117.94+0.322%$2.2M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h117.92+0.303%$346K$262K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h117.75+0.157%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.74+0.151%$45K$819K20xas long as short
Nado SOL-PERP+0.0100%1h117.82+0.224%$5.7M$41.4M40xas long as short
Aster SOLUSDT+0.0100%8h118.00+0.373%$177.4M$180.9M100xas long as short
Pacifica SOL+0.0100%1h117.81+0.214%$12.8M$128.1M20xas long as short
Binance SOLUSDT+0.0100%8h118.03+0.400%$977.1M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h118.04+0.404%$821.3M$1.29B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.02+0.390%$366.8M$1.68B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.74+0.151%$255K$901K10xas long as short
Arcus SOL-USD+0.0100%1h117.84+0.238%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h118.15+0.500%$136.0M$13.0M20xas long as short
MEXC SOL_USDT+0.0100%8h118.10+0.458%$423.2M$1.10B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.07+0.432%$133.8M$207.5M75xas long as short
Bitget SOLUSDT+0.0100%8h118.01+0.380%$489.8M$445.7M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.02+0.390%$23.8M$36.9M50xas long as short
Variational Omni SOL+0.0100%8h117.61+0.038%$24.4M$130.2Mas long as short
edgeX SOLUSDC+0.0100%4h118.09+0.450%$94.9M$399.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.64+0.064%$48.2M$29.6M20xas long as short
StandX SOL-USD+0.0100%1h117.58+0.015%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.88+0.270%$351K$2.3M20xas long as short
Bullet SOL-USD+0.0100%1h117.93+0.315%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.92+0.301%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h117.93+0.316%$192K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.94+0.322%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.96+0.339%$46.0M$100.8M50xas long as short
Phoenix SOL+0.0101%1h117.72+0.134%$6.5M$13.5M25xas long as short
Extended SOL-USD+0.0104%1h118.05+0.411%$8.3M$35.7M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.74+0.150%$228.6M500xas long as short
Hyperliquid SOLshort+0.0126%1h118.08+0.441%$717.7M$400.8M20x
Reya SOLRUSDPERP+0.0187%1h117.89+0.281%$1.1M$524K25xas long as short
BloFin SOL-USDT+0.0220%8h117.98+0.356%$52.3M$74.2M125xas long as short
Injective SOL/USDC PERP+0.0222%1h119.50+1.648%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0167%1h117.92+0.304%$3.7M200xas long as short
Aftermath Perps SOLUSD+0.0290%1h118.04+0.410%$25K$51K20xas long as short