Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.053%

Price spread now: Hotstuff against MEXC−0.072%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.072% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	118.84	0.0100	pay 0.0100% / 8h	2h 39m	$467.0M	$1.07B	300x
Short	Hotstuff SOL-PERP	118.75	−0.0080	pay 0.0010% / 1h	39m 59s	$842	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$37.8
Price spread: −0.072% → 0.000%: −$7.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 1 bp × 2 orders: −$2
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$51.95
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$280	4.6 bp −$2,324
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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.042%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.69	−0.123%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.72	−0.103%	—	$724K	20x	as long as short
Hotstuff SOL-PERPshort	−0.0080%	1h	118.75	−0.072%	$842	$8K	25x
Aftermath Perps SOLUSD	−0.0035%	1h	118.82	−0.015%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.78	−0.050%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.79	−0.039%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.78	−0.051%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.80	−0.034%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	−0.084%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	118.83	−0.005%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	−0.052%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0069%	8h	118.66	−0.156%	$231.2M	$43.7M	75x	as long as short
BingX SOL-USDC	+0.0070%	8h	118.80	−0.031%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.77	−0.059%	$104K	$152K	20x	as long as short
Gate SOL_USDT	+0.0081%	8h	118.83	−0.008%	$858.1M	$678.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.81	−0.023%	$13.4M	$53.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.81	−0.029%	$2.0M	$16.7M	25x	as long as short
KuCoin SOLUSDTM	+0.0096%	8h	118.81	−0.024%	$143.6M	$196.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.83	−0.008%	$123K	$606K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.73	−0.089%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.74	−0.088%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.73	−0.093%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.080%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.93	+0.076%	$717.1M	$425.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.76	−0.064%	$178.9M	$174.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.80	−0.037%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.84	−0.004%	$971.6M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.86	+0.017%	$821.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.80	−0.034%	$369.8M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.160%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.80	−0.032%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	118.84	long leg	$467.0M	$1.07B	300x
Bitget SOLUSDT	+0.0100%	8h	118.79	−0.043%	$496.0M	$448.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.86	+0.017%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.071%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.77	−0.058%	$95.4M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.153%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.77	−0.059%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.77	−0.059%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.75	−0.073%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.77	−0.063%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.76	−0.069%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.76	−0.067%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.82	−0.017%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.110%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.77	−0.060%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.86	+0.018%	$8.1M	$414.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	−0.054%	—	$217.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.067%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	−0.046%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.78	−0.047%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.77	−0.061%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	−0.076%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.84	−0.004%	$36.1M	$89.7M	100x	as long as short