Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.002%

Price spread now: 01 Exchange against HTX+0.013%7-day average +0.037% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on HTX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$4 on $10k

Price spread, last 3 days (all we have)+0.244%+$24 · spread now +0.013%, 7d avg +0.037%

Together, before fees+0.279%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. 01 Exchange is 0.024% cheaper against HTX than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.037%). If the spread goes back, that is −$2 on $10k: about 3.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	119.44	0.0051	pay 0.0051% / 8h	2h 15m	$232.7M	$44.6M	75x
Short	01 Exchange SOLUSD	119.46	0.0072	get 0.0009% / 1h	15m 30s	$105K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.013%Rate

Funding earned: $4.43
Price spread: +0.013% → +0.037%: −$2.4
Slippage, 4 orders: −$10.81
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$27.78
Costs to cover: 0.298%
Break-even: 50.9 days

Slippage from HTX: live order book, 4 min ago; 01 Exchange: live order book, 9 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, 4 min ago	0.00 bp	6.6 bp −$7	10.7 bp −$107	19.2 bp −$1,922	44.7 bp −$22.3K
Sell 01 Exchange live order book, 9 min ago	0.83 bp	8.8 bp −$9	12.9 bp −$129	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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.247%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.42	−0.022%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0072%	1h	119.37	−0.059%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.41	−0.026%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.44	0.000%	$5.0M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.47	+0.026%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.50	+0.048%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.44	−0.004%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.52	+0.059%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0029%	1h	119.59	+0.122%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDTlong	+0.0051%	8h	119.44	long leg	$232.7M	$44.6M	75x
Orderly PERP_SOL_USDC	+0.0062%	8h	119.51	+0.052%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.66	+0.184%	$120K	$622K	20x	as long as short
01 Exchange SOLUSDshort	+0.0072%	1h	119.46	+0.013%	$105K	$152K	20x
BingX SOL-USDC	+0.0080%	8h	119.44	0.000%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0090%	8h	119.42	−0.021%	$871.8M	$687.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.44	−0.007%	$13.6M	$55.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.43	−0.015%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.47	+0.024%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.42	−0.024%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.44	−0.004%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.46	+0.013%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.49	+0.039%	$721.5M	$414.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.45	+0.005%	$179.8M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.47	+0.020%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.45	+0.005%	$979.2M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.48	+0.030%	$826.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.38	−0.054%	$371.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.39	−0.046%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.49	+0.035%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.178%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.40	−0.037%	$429.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.40	−0.036%	$141.0M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.38	−0.055%	$498.3M	$452.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.45	+0.005%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.313%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.69	+0.209%	$96.1M	$402.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.56	+0.094%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.61	+0.141%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.48	+0.030%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.40	−0.037%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.45	+0.004%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.49	+0.041%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.45	+0.001%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.45	+0.005%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.49	+0.038%	$46.7M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.41	−0.025%	$8.7M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.50	+0.046%	$8.2M	$417.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.50	+0.045%	—	$221.2M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.58	+0.113%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.47	+0.020%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.46	+0.009%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.38	−0.054%	$1.1M	$560K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	+0.105%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.49	+0.040%	$35.6M	$91.2M	100x	as long as short