Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Hotstuff−0.049%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 SunX

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 · farm boardneeds both histories

Funding pays, the price is against you. SunX is 0.049% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 22 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	119.00	−0.0080	get 0.0010% / 1h	34m 04s	$844	$8K	25x
Short	SunX SOL-USDT	118.94	0.0100	get 0.0100% / 8h	34m 04s	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $37.8
Price spread: −0.049% → 0.000%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: $19.92
Costs to cover: 0.130%
Break-even: 3.3 days

Slippage unknown: Hotstuff: no order-book sample; SunX: 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 SunX live order book, 12 min ago	3.22 bp	21.7 bp −$22	31.2 bp −$312	doesn't fit	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
Hotstuff SOL-PERPlong	−0.0080%	1h	119.00	long leg	$844	$8K	25x
Derive SOL-PERP	−0.0073%	1h	118.89	−0.093%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0072%	1h	118.95	−0.042%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.03	+0.030%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.98	−0.012%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.09	+0.077%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.99	−0.003%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.02	+0.021%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0034%	1h	119.18	+0.154%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.98	−0.016%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.99	−0.006%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.98	−0.012%	—	$372.4M	—	as long as short
HTX SOL-USDT	+0.0088%	8h	118.98	−0.015%	$231.6M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	118.96	−0.031%	$864.0M	$678.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.98	−0.016%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.95	−0.042%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.95	−0.036%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.00	−0.002%	$8.1M	$416.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.02	+0.018%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.98	−0.014%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.95	−0.039%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.08	+0.070%	$720.8M	$411.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.98	−0.014%	$178.6M	$176.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.09	+0.078%	$12.3M	$120.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.99	−0.006%	$981.6M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.00	+0.003%	$825.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.95	−0.039%	$372.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.98	−0.014%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.08	+0.071%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	+0.297%	$134.1M	$6.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.97	−0.023%	$456.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.97	−0.019%	$138.7M	$205.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.96	−0.032%	$493.4M	$460.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.00	+0.003%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.09	+0.079%	$27.2M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.23	+0.195%	$95.8M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.09	+0.078%	$48.8M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	+0.087%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.031%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.95	−0.039%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.98	−0.013%	$37K	$17K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	118.94	−0.049%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.96	−0.031%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.00	+0.003%	$46.5M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.38	+0.322%	$6.6M	$13.7M	25x	as long as short
Aftermath Perps SOLUSD	+0.0102%	1h	119.25	+0.214%	$24K	$47K	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.94	−0.044%	$8.7M	$36.0M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	119.06	+0.049%	$121K	$626K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.96	−0.027%	$32.6M	$97.1M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.05	+0.043%	—	$225.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0068%	1h	118.98	−0.018%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.507%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	118.93	−0.053%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.99	−0.006%	$52.2M	$82.3M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.02	+0.020%	$1.7M	$5.2M	20x	as long as short