Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0170%/8h= −18.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against HTX+0.172%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.172% dearer against HTX than usual: you sell high and buy low (spread +0.172% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	119.02	0.0090	pay 0.0090% / 8h	36m 50s	$231.7M	$45.1M	75x
Short	Hotstuff SOL-PERP	119.22	−0.0080	pay 0.0010% / 1h	36m 50s	$845	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$35.78
Price spread: +0.172% → 0.000%: $17.21
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$35.57
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: HTX: live order book, 2 min ago; Hotstuff: no order-book sample. Net counts fees only.

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	6.0 bp −$6	9.6 bp −$96	18.3 bp −$1,829	42.5 bp −$21.2K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff SOL-PERPshort	−0.0080%	1h	119.22	+0.172%	$845	$8K	25x
Derive SOL-PERP	−0.0073%	1h	119.01	−0.009%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0070%	1h	119.09	+0.063%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0018%	1h	119.25	+0.195%	$5.0M	$27.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.10	+0.068%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.17	+0.124%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.12	+0.085%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.14	+0.104%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0035%	1h	119.30	+0.238%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0073%	8h	119.11	+0.075%	$1.1M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	119.23	+0.178%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.08	+0.051%	—	$372.0M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.06	+0.035%	$865.4M	$677.6M	100x	as long as short
HTX SOL-USDTlong	+0.0090%	8h	119.02	long leg	$231.7M	$45.1M	75x
Lighter SOL	+0.0096%	1h	119.09	+0.060%	$13.6M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.09	+0.058%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.34	+0.271%	$122K	$634K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.07	+0.046%	$353K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.12	+0.087%	$8.1M	$417.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.22	+0.173%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.20	+0.153%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.13	+0.098%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.18	+0.138%	$721.5M	$411.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.08	+0.052%	$178.6M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.27	+0.209%	$12.3M	$120.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.07	+0.046%	$982.3M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.10	+0.069%	$826.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.09	+0.060%	$373.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.18	+0.136%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.22	+0.170%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	+0.279%	$134.1M	$6.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.08	+0.052%	$456.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.08	+0.056%	$139.1M	$204.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.05	+0.028%	$493.7M	$460.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.08	+0.052%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.329%	$27.3M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.32	+0.252%	$95.8M	$402.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.321%	$48.9M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.38	+0.304%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.10	+0.069%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.07	+0.047%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.09	+0.057%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.21	+0.161%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.09	+0.060%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.06	+0.035%	$46.5M	$102.8M	50x	as long as short
Aftermath Perps SOLUSD	+0.0100%	1h	119.40	+0.324%	$24K	$47K	20x	as long as short
Phoenix SOL	+0.0100%	1h	119.38	+0.304%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.05	+0.027%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.10	+0.071%	$32.6M	$97.1M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.29	+0.232%	—	$224.9M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0069%	1h	119.09	+0.064%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.489%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.05	+0.029%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.09	+0.060%	$52.2M	$82.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.23	+0.180%	$1.7M	$5.2M	20x	as long as short