Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.063%

Price spread now: Hibachi against HTX+0.057%48s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.223% of the position

Long on HTX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now +0.057%, 7d avg +0.029%

Together, before fees+0.034%+ Points / potential airdropHibachi: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.028% dearer against HTX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.029%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.052% in total) that is about 3.8 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	119.46	0.0073	pay 0.0073% / 8h	1h 42m	$232.7M	$44.5M	75x
Short	Hibachi SOL/USDT-P	119.53	0.0008	get 0.0001% / 1h	42m 20s	$120K	$611K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.057%Rate

Funding earned: −$13.71
Price spread: +0.057% → +0.029%: $2.83
Slippage, 4 orders: −$1.33
Fee HTX: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$33.21
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Hibachi: live order book, 42 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	0.00 bp	6.1 bp −$6	8.0 bp −$80	15.8 bp −$1,576	39.9 bp −$20.0K
Sell Hibachi live order book, 42 min ago	0.50 bp	5.0 bp −$5	21.7 bp −$217	doesn't fit	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
Bluefin SOL-PERP	−0.0474%	1h	119.69	+0.196%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.59	+0.112%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.53	+0.058%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.58	+0.105%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.68	+0.182%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.72	+0.218%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.58	+0.101%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.66	+0.168%	$179K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-Pshort	+0.0008%	1h	119.53	+0.057%	$120K	$611K	20x
Phoenix SOL	+0.0054%	1h	119.50	+0.034%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0062%	1h	119.43	−0.020%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.69	+0.193%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDTlong	+0.0073%	8h	119.46	long leg	$232.7M	$44.5M	75x
BingX SOL-USDC	+0.0080%	8h	119.69	+0.193%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.72	+0.218%	$105K	$153K	20x	as long as short
Gate SOL_USDT	+0.0092%	8h	119.67	+0.177%	$872.9M	$678.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.62	+0.137%	$13.7M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.69	+0.194%	$2.1M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.65	+0.161%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.61	+0.126%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.68	+0.185%	$46K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.66	+0.170%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.76	+0.252%	$721.8M	$415.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.66	+0.168%	$179.1M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.66	+0.172%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.72	+0.218%	$986.7M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.74	+0.235%	$828.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.68	+0.185%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.58	+0.101%	$234K	$887K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.72	+0.218%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	−0.257%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.69	+0.193%	$456.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.68	+0.185%	$141.2M	$199.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.68	+0.186%	$496.6M	$454.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.57	+0.093%	$24.2M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.38	−0.063%	$27.7M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.46	−0.001%	$95.9M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	−0.017%	$48.9M	$32.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.49	+0.027%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.48	+0.018%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.68	+0.185%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.69	+0.191%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.70	+0.201%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.69	+0.193%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.54	+0.068%	$46.7M	$101.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0102%	1h	119.74	+0.237%	$26.8M	$27.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.67	+0.176%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.74	+0.235%	$8.2M	$415.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.70	+0.206%	—	$221.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.70	+0.202%	$32.7M	$95.3M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.72	+0.220%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.66	+0.171%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.71	+0.213%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.275%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.52	+0.051%	$52.1M	$82.5M	125x	as long as short