Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h 0.000%

Price spread now: HTX against Nado−0.037%7-day average −0.006% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.151%−$15 · spread now −0.037%, 7d avg −0.006%

Together, before fees−0.153%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.031% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	119.08	0.0100	pay 0.0012% / 1h	28m 51s	$6.4M	$41.7M	40x
Short	HTX SOL-USDT	119.03	0.0061	get 0.0061% / 8h	2h 28m	$231.9M	$43.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$8.22
Price spread: −0.037% → −0.006%: −$3.1
Slippage, 4 orders: −$1.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.67
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; HTX: live order book, 5 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 Nado live order book, 5 min ago	0.42 bp	3.9 bp −$4	4.2 bp −$42	9.7 bp −$973	31.1 bp −$15.6K
Sell HTX live order book, 5 min ago	0.00 bp	6.1 bp −$6	7.9 bp −$79	14.3 bp −$1,434	37.4 bp −$18.7K

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	+0.061%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	119.08	−0.002%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.06	−0.014%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	119.02	−0.044%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0003%	1h	119.03	−0.037%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.12	+0.036%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.09	+0.013%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.07	−0.009%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.05	−0.024%	$4.9M	$26.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	119.16	+0.071%	$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
HTX SOL-USDTshort	+0.0061%	8h	119.03	−0.037%	$231.9M	$43.6M	75x
Deribit SOL_USDC-PERPETUAL	+0.0064%	1h	119.21	+0.115%	$26.7M	$27.6M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.13	+0.044%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.09	+0.010%	$122K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	119.04	−0.031%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.16	+0.066%	—	$371.3M	—	as long as short
Gate SOL_USDT	+0.0084%	8h	119.15	+0.061%	$870.2M	$682.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.13	+0.043%	$13.6M	$54.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.11	+0.028%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.13	+0.046%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.01	−0.053%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.06	−0.014%	$46K	$781K	20x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	119.08	long leg	$6.4M	$41.7M	40x
Hyperliquid SOL	+0.0100%	1h	119.25	+0.145%	$719.7M	$414.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	+0.061%	$179.7M	$174.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.07	−0.005%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.16	+0.068%	$974.1M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.18	+0.086%	$826.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	+0.053%	$371.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	+0.002%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.12	+0.035%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.16	+0.069%	$471.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.16	+0.073%	$142.7M	$196.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.16	+0.073%	$497.4M	$448.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.15	+0.061%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.006%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.01	−0.054%	$95.6M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	−0.011%	$48.7M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.09	+0.011%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.08	+0.002%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.09	+0.008%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.13	+0.040%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.07	−0.008%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.14	+0.053%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.13	+0.044%	$46.6M	$100.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.081%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	+0.052%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.19	+0.099%	$8.1M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.11	+0.025%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.04	−0.031%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.12	+0.034%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.08	+0.003%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.11	+0.028%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.18	+0.086%	$36.0M	$89.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.11	+0.030%	$3.6M	—	200x	as long as short