Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h 0.000%

Price spread now: Bulk against HTX+0.074%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.364%+$36 · spread now +0.074%, 7d avg +0.021%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.053% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	118.46	0.0052	pay 0.0052% / 8h	3h 13m	$230.8M	$43.6M	75x
Short	Bulk SOL-USD	118.55	0.0100	get 0.0013% / 1h	13m 07s	$132.5M	$14.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.074%Rate

Funding earned: $10.14
Price spread: +0.074% → +0.021%: $5.29
Slippage, 4 orders: −$8.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$12.41
Costs to cover: 0.278%
Break-even: 15.6 days

Slippage from HTX: live order book, 1 min ago; Bulk: live order book, 1 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, 1 min ago	0.00 bp	6.4 bp −$6	10.4 bp −$104	19.6 bp −$1,964	45.4 bp −$22.7K
Sell Bulk live order book, 1 min ago	4.22 bp	7.7 bp −$8	7.7 bp −$77	13.3 bp −$1,327	15.6 bp −$7,788

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	−0.0090%	1h	118.46	−0.001%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.53	+0.060%	$840	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0067%	1h	118.61	+0.128%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.42	−0.036%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0012%	1h	118.41	−0.043%	$4.8M	$26.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.52	+0.048%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	118.49	+0.021%	$193K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.54	+0.062%	$26.6M	$27.9M	50x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.53	+0.057%	$104K	$154K	20x	as long as short
HTX SOL-USDTlong	+0.0052%	8h	118.46	long leg	$230.8M	$43.6M	75x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0055%	8h	118.52	+0.047%	$1.1M	$5.8M	100x	as long as short
Gate SOL_USDT	+0.0072%	8h	118.46	−0.002%	$853.9M	$681.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0072%	8h	118.50	+0.030%	$133.7M	$187.7M	75x	as long as short
Bitget SOLUSDT	+0.0090%	8h	118.47	+0.009%	$495.3M	$450.6M	100x	as long as short
ApeX Omni SOLUSDT	+0.0093%	1h	118.54	+0.065%	$1.5M	$6.3M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.48	+0.019%	$13.5M	$52.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.48	+0.015%	$2.0M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.48	+0.012%	$352K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.42	−0.032%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.52	+0.048%	$46K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.51	+0.039%	$5.5M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.59	+0.108%	$715.0M	$441.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.47	+0.006%	$179.0M	$174.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.43	−0.025%	$12.3M	$112.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.50	+0.032%	$974.3M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.51	+0.040%	$818.1M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.49	+0.023%	$364.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.38	−0.070%	$232K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.52	+0.050%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	118.55	+0.074%	$132.5M	$14.2M	20x
MEXC SOL_USDT	+0.0100%	8h	118.48	+0.015%	$475.8M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.47	+0.004%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.52	+0.048%	$24.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.58	+0.096%	$25.3M	$123.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.60	+0.113%	$95.3M	$394.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	+0.062%	$48.5M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	+0.099%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.53	+0.057%	$357K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.48	+0.017%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.52	+0.045%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.47	+0.008%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.47	+0.006%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.49	+0.023%	$46.2M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.47	+0.007%	$8.7M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.55	+0.070%	$8.0M	$410.9M	50x	as long as short
Kalshi KXSOLPERP	+0.0104%	8h	118.40	−0.052%	$1.2M	$21.0M	3.1x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.55	+0.071%	—	$218.4M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.50	+0.034%	$36.1M	$90.8M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	118.56	+0.083%	$124K	$601K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.63	+0.141%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.54	+0.068%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.51	+0.040%	$1.1M	$559K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.47	+0.006%	$51.8M	$90.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0239% / S −0.0182%	1h	118.51	+0.038%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	119.06	+0.504%	$4K	$2K	12x	as long as short