Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.034%

Price spread now: ApeX Omni against HTX+0.071%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.071%, 7d avg −0.014%

Together, before fees−0.319%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.086% dearer against HTX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.014%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.316% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	118.66	0.0069	pay 0.0069% / 8h	2h 39m	$231.2M	$43.7M	75x
Short	ApeX Omni SOLUSDT	118.74	0.0042	get 0.0005% / 1h	39m 29s	$1.5M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: −$5.71
Price spread: +0.071% → −0.014%: $8.57
Slippage, 4 orders: −$4.36
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.5
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; ApeX Omni: live order book, 5 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 HTX live order book, 5 min ago	0.00 bp	6.0 bp −$6	9.0 bp −$90	17.0 bp −$1,705	42.8 bp −$21.4K
Sell ApeX Omni live order book, 5 min ago	1.68 bp	7.2 bp −$7	10.7 bp −$107	75.9 bp −$7,589	doesn't fit

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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.198%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.69	+0.032%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.64	−0.017%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	+0.081%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0033%	1h	118.81	+0.131%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.70	+0.036%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.79	+0.117%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.65	−0.003%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.73	+0.064%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0042%	1h	118.74	+0.071%	$1.5M	$6.2M	50x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	118.83	+0.151%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	+0.103%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDTlong	+0.0069%	8h	118.66	long leg	$231.2M	$43.7M	75x
BingX SOL-USDT	+0.0070%	8h	118.64	−0.014%	—	$371.7M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.68	+0.021%	$104K	$151K	20x	as long as short
Gate SOL_USDT	+0.0082%	8h	118.67	+0.012%	$856.9M	$678.3M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.79	+0.116%	$123K	$606K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.74	+0.075%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	+0.068%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.73	+0.066%	$353K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0097%	8h	118.66	+0.004%	$143.4M	$196.6M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	+0.001%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.66	+0.004%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	+0.058%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.75	+0.080%	$716.0M	$412.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.73	+0.066%	$178.8M	$174.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.74	+0.073%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.64	−0.013%	$970.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.66	+0.004%	$820.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.62	−0.030%	$369.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.76	+0.088%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	+0.055%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.67	+0.012%	$466.5M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.65	−0.008%	$495.4M	$448.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.86	+0.173%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	+0.085%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	+0.048%	$95.3M	$397.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	+0.074%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	+0.122%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.65	−0.004%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.67	+0.017%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.77	+0.093%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.76	+0.086%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.76	+0.088%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.82	+0.139%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	+0.046%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.62	−0.032%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.86	+0.173%	$8.1M	$414.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	+0.102%	—	$217.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.79	+0.114%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	+0.109%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.68	+0.021%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.65	−0.005%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	+0.080%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.84	+0.152%	$36.1M	$89.7M	100x	as long as short