Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.159%

Price spread now: HTX against Injective+0.384%7-day average — · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.384% dearer against Injective than usual: you sell high and buy low (spread +0.384% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.036% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SOL/USDC PERP	119.02	0.0170	pay 0.0021% / 1h	56m 26s	$4K	$2K	12x
Short	HTX SOL-USDT	119.48	0.0083	get 0.0083% / 8h	56m 26s	$232.6M	$45.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.384%Rate

Funding earned: −$18.42
Price spread: +0.384% → 0.000%: $38.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $7.98
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; HTX: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	0.00 bp	6.7 bp −$7	9.4 bp −$94	17.2 bp −$1,717	42.3 bp −$21.1K

Injective: 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-PERP	−0.0080%	1h	119.51	+0.410%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.49	+0.396%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.52	+0.419%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.59	+0.478%	$116K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.55	+0.445%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.54	+0.439%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.54	+0.435%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	+0.471%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.57	+0.462%	$104K	$157K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	119.61	+0.499%	$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
BingX SOL-USDC	+0.0080%	8h	119.56	+0.453%	—	$10.5M	—	as long as short
HTX SOL-USDTshort	+0.0083%	8h	119.48	+0.384%	$232.6M	$45.0M	75x
Gate SOL_USDT	+0.0086%	8h	119.53	+0.428%	$871.2M	$672.1M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	119.58	+0.473%	$26.7M	$26.1M	50x	as long as short
Aftermath Perps SOLUSD	+0.0093%	1h	119.38	+0.306%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.52	+0.417%	$13.6M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.52	+0.423%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.55	+0.442%	$118K	$608K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.61	+0.498%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.55	+0.446%	$8.3M	$418.1M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.50	+0.403%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	+0.412%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.50	+0.407%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.63	+0.517%	$722.1M	$411.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.57	+0.465%	$179.0M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.55	+0.445%	$12.3M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.59	+0.479%	$985.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.62	+0.504%	$831.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.61	+0.496%	$373.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.51	+0.412%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	+0.450%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	+0.277%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.58	+0.471%	$453.1M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.58	+0.468%	$140.1M	$203.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.63	+0.509%	$498.1M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.51	+0.412%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	+0.201%	$27.3M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	+0.296%	$95.9M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	+0.298%	$48.8M	$31.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	+0.283%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.55	+0.445%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.56	+0.454%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.58	+0.468%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.60	+0.488%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.45	+0.365%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.52	+0.420%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.47	+0.378%	$46.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.52	+0.418%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.53	+0.430%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.56	+0.453%	—	$224.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0070%	1h	119.59	+0.476%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERPlong	+0.0170%	1h	119.02	long leg	$4K	$2K	12x
Reya SOLRUSDPERP	+0.0182%	1h	119.54	+0.441%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.50	+0.403%	$52.1M	$84.2M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.57	+0.465%	$1.7M	$5.3M	20x	as long as short