Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h +0.038%

Price spread now: RISEx against HTX+0.213%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.213%, 7d avg +0.019%

Together, before fees+0.056%+$6 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 RISEx is 0.194% dearer against HTX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.019%.

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	RISEx SOL/USDC	119.71	0.0192	get 0.0024% / 1h	42m 34s	$1.7M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.213%Rate

Funding earned: $24.85
Price spread: +0.213% → +0.019%: $19.43
Slippage, 4 orders: −$1.58
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $24.71
Costs to cover: 0.196%
Break-even: 0.0 days

Slippage from HTX: live order book, 2 min ago; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	0.04 bp	3.0 bp −$3	5.6 bp −$56	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	−0.0525%	1h	119.49	+0.028%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.41	−0.041%	$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	119.50	+0.030%	$54K	—	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	119.55	+0.074%	$182K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.53	+0.057%	$120K	$611K	20x	as long as short
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	+0.0063%	1h	119.39	−0.060%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.51	+0.046%	$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	119.66	+0.167%	—	$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	119.59	+0.110%	$872.3M	$678.7M	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	119.47	+0.013%	$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	119.79	+0.280%	$722.0M	$415.6M	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	119.66	+0.172%	$986.2M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.69	+0.193%	$827.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.65	+0.160%	$372.8M	$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	119.66	+0.168%	$456.2M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.61	+0.131%	$141.1M	$199.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.66	+0.167%	$496.5M	$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	119.47	+0.013%	$200K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.49	+0.025%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.50	+0.034%	$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
Extended SOL-USD	+0.0104%	1h	119.63	+0.147%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.56	+0.081%	$8.2M	$415.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.51	+0.040%	—	$221.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.51	+0.046%	$32.7M	$95.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0151%	1h	119.57	+0.090%	$26.8M	$27.6M	50x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.49	+0.023%	$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/USDCshort	+0.0192%	1h	119.71	+0.213%	$1.7M	$5.9M	20x
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