Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h −0.034%

Price spread now: dYdX against HTX+0.099%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.433%+$43 · spread now +0.099%, 7d avg +0.014%

Together, before fees+0.301%+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.085% dearer against HTX than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.014%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	118.86	0.0065	pay 0.0065% / 8h	2h 57m	$231.6M	$43.8M	75x
Short	dYdX SOL-USD	118.98	0	get 0.0000% / 1h	57m 35s	$4.9M	$26.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$13.72
Price spread: +0.099% → +0.014%: $8.49
Slippage, 4 orders: −$11.85
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$39.08
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; dYdX: live order book, 2 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, 2 min ago	0.46 bp	6.5 bp −$6	8.3 bp −$83	17.7 bp −$1,765	43.5 bp −$21.8K
Sell dYdX live order book, 2 min ago	1.26 bp	8.8 bp −$9	14.4 bp −$144	20.0 bp −$1,999	22.7 bp −$11.3K

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	118.68	−0.154%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.96	+0.080%	—	$731K	20x	as long as short
Aftermath Perps SOLUSD	−0.0083%	1h	119.05	+0.159%	$24K	$48K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.95	+0.078%	$843	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.83	−0.030%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.94	+0.065%	$49K	—	150x	as long as short
dYdX SOL-USDshort	0.0000%	1h	118.98	+0.099%	$4.9M	$26.8M	20x
Perpl SOL	0.0000%	43m	119.01	+0.123%	$191K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	118.95	+0.072%	$26.7M	$27.9M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	119.03	+0.141%	$104K	$153K	20x	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	+0.0055%	8h	118.92	+0.044%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDTlong	+0.0065%	8h	118.86	long leg	$231.6M	$43.8M	75x
SoDEX SOL-USD	+0.0067%	1h	118.87	+0.006%	$6.2M	$10.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	119.08	+0.186%	$1.5M	$6.2M	50x	as long as short
Gate SOL_USDT	+0.0080%	8h	118.92	+0.048%	$857.9M	$672.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0083%	8h	118.94	+0.064%	$144.6M	$196.5M	75x	as long as short
Bullet SOL-USD	+0.0087%	1h	118.90	+0.032%	$199K	$1.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	118.95	+0.078%	$13.4M	$52.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.94	+0.065%	$2.0M	$16.6M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	119.03	+0.137%	$496.5M	$451.9M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	+0.008%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.89	+0.026%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.00	+0.116%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.03	+0.137%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.03	+0.141%	$718.6M	$443.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.99	+0.106%	$179.9M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.96	+0.085%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.99	+0.107%	$977.0M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.06	+0.166%	$823.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.02	+0.133%	$368.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.88	+0.015%	$234K	$866K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.99	+0.104%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.189%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.92	+0.048%	$468.6M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.89	+0.021%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	+0.015%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.33	+0.391%	$27.8M	$126.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.13	+0.224%	$95.7M	$394.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	+0.170%	$48.7M	$33.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.00	+0.116%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.04	+0.149%	$361K	$2.4M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.92	+0.049%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.86	0.000%	$193K	$1.9M	30x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.85	−0.011%	$46.4M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.92	+0.045%	$8.7M	$37.4M	50x	as long as short
Kalshi KXSOLPERP	+0.0111%	8h	119.05	+0.162%	$1.2M	$21.0M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.92	+0.045%	$8.0M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.07	+0.179%	—	$218.3M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	119.10	+0.201%	$123K	$608K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.28	+0.351%	$7.3M	$11.2M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.99	+0.104%	$1.6M	$6.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.00	+0.116%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.07	+0.175%	$51.7M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.89	+0.023%	$36.1M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0178%	1h	118.94	+0.062%	$3.5M	—	200x	as long as short