Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.032%

Price spread now: Reya against HTX+0.080%7-day average −0.013% · you sell dearer than you buy

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

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.080%, 7d avg −0.013%

Together, before fees+0.100%+ Points / potential airdropReya: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.093% dearer against HTX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	117.41	0.0043	pay 0.0043% / 8h	6h 07m	$228.2M	$45.4M	75x
Short	Reya SOLRUSDPERP	117.51	0.0189	get 0.0024% / 1h	7m 02s	$1.1M	$523K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.080%Rate

Funding earned: $30.53
Price spread: +0.080% → −0.013%: $9.3
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $21.83
Costs to cover: 0.180%
Break-even: 2.0 days

Slippage unknown: HTX: live order book, 2 min ago; Reya: 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	7.1 bp −$7	10.9 bp −$109	19.5 bp −$1,951	44.8 bp −$22.4K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 54 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-PERP	−0.0080%	1h	117.58	+0.144%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.44	+0.020%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.51	+0.085%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.53	+0.099%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.56	+0.129%	$1.4M	$20.4M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.54	+0.107%	$1.9M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.46	+0.036%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.53	+0.100%	$100K	$690K	20x	as long as short
HTX SOL-USDTlong	+0.0043%	8h	117.41	long leg	$228.2M	$45.4M	75x
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	+0.113%	$31.5M	$98.6M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0051%	8h	117.53	+0.099%	$847.6M	$666.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0062%	1h	117.59	+0.154%	$26.4M	$25.4M	50x	as long as short
ApeX Omni SOLUSDT	+0.0068%	1h	117.31	−0.088%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.56	+0.127%	$8.0M	$406.3M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.55	+0.117%	—	$369.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.52	+0.093%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.54	+0.105%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.53	+0.099%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.49	+0.065%	$104K	$157K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.53	+0.100%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.48	+0.060%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.48	+0.057%	$67K	$846K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.53	+0.104%	$5.8M	$40.9M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.52	+0.091%	$176.4M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	+0.129%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.55	+0.114%	$968.8M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.55	+0.116%	$820.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.54	+0.108%	$366.5M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.31	−0.088%	$238K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.51	+0.085%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.095%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.54	+0.108%	$423.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.53	+0.095%	$130.5M	$211.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.54	+0.106%	$487.2M	$437.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.54	+0.108%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.49	+0.069%	$24.3M	$121.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.33	−0.074%	$94.2M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.36	−0.048%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.41	−0.003%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.50	+0.074%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.52	+0.089%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.51	+0.084%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.50	+0.077%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.55	+0.116%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.56	+0.125%	$45.8M	$101.1M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.64	+0.193%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.51	+0.081%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.53	+0.099%	—	$223.7M	500x	as long as short
Hyperliquid SOL	+0.0119%	1h	117.65	+0.202%	$719.5M	$393.6M	20x	as long as short
Reya SOLRUSDPERPshort	+0.0189%	1h	117.51	+0.080%	$1.1M	$523K	25x
Injective SOL/USDC PERP	+0.0222%	1h	117.45	+0.031%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.51	+0.082%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0349%	1h	117.57	+0.130%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.51	+0.082%	$128K	$3.8M	8.3x	as long as short