Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h −0.020%

Price spread now: Deribit against HTX+0.081%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$230.226% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.081%, 7d avg +0.030%

Together, before fees−0.158%−$16 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 Deribit is 0.051% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	116.63	0.0100	pay 0.0100% / 8h	4h 04m	$226.3M	$47.3M	75x
Short	Deribit SOL_USDC-PERPETUAL	116.73	0.0137	get 0.0017% / 1h	4m 59s	$26.3M	$23.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.081%Rate

Funding earned: $7.67
Price spread: +0.081% → +0.030%: $5.09
Slippage, 4 orders: −$3.59
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.83
Costs to cover: 0.226%
Break-even: 16.0 days

Slippage from HTX: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	0.00 bp	6.5 bp −$6	8.9 bp −$89	15.9 bp −$1,588	45.8 bp −$22.9K
Sell Deribit live order book, 4 min ago	0.30 bp	4.8 bp −$5	5.4 bp −$54	12.0 bp −$1,204	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
Hibachi SOL/USDT-P	−0.0160%	1h	116.68	+0.039%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.62	−0.009%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	+0.013%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	+0.038%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	+0.049%	$1.5M	$18.6M	3.1x	as long as short
dYdX SOL-USD	+0.0002%	1h	116.69	+0.048%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.61	−0.024%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.70	+0.057%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.67	+0.031%	$7.4M	$403.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.68	+0.039%	$31.0M	$100.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0092%	8h	116.68	+0.040%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.67	+0.031%	$13.0M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.66	+0.019%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.67	+0.033%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.65	+0.014%	$50K	$871K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.75	+0.097%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.66	+0.023%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.74	+0.091%	$704.9M	$394.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.64	+0.010%	$174.6M	$182.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	+0.061%	$15.7M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.68	+0.040%	$970.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.63	−0.003%	$781.4M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.68	+0.040%	$368.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	−0.020%	$231K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.70	+0.061%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.013%	$134.0M	$22.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.65	+0.014%	$841.0M	$666.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.66	+0.023%	$375.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	+0.025%	$129.0M	$220.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.64	+0.009%	$479.2M	$440.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.61	−0.018%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	+0.023%	$23.2M	$38.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.60	−0.025%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	+0.014%	$93.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.66	+0.022%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	+0.061%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.64	+0.006%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.66	+0.023%	$320K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	+0.030%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	+0.025%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	+0.038%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.67	+0.031%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTlong	+0.0100%	8h	116.63	long leg	$226.3M	$47.3M	75x
Phemex SOLUSDT	+0.0100%	8h	116.68	+0.040%	$45.7M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.62	−0.013%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.69	+0.049%	—	$231.3M	500x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0137%	1h	116.73	+0.081%	$26.3M	$23.7M	50x
Injective SOL/USDC PERP	+0.0137%	1h	116.72	+0.074%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.71	+0.066%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.64	+0.006%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.67	+0.031%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.68	+0.037%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.68	+0.040%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.75	+0.102%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.114%	$1.9M	$4.8M	20x	as long as short