Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.002%

Price spread now: HTX against Ondo Perps−0.191%7-day average +0.019% · you buy dearer than you sell

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.344%−$34 · spread now −0.191%, 7d avg +0.019%

Together, before fees−0.385%+ Points / potential airdropOndo Perps: Active · farm board−$39 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 0.210% cheaper against Ondo Perps than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOL-USD.P	117.38	0.0100	pay 0.0013% / 1h	38m 54s	$238K	$848K	10x
Short	HTX SOL-USDT	117.16	0.0063	get 0.0063% / 8h	5h 38m	$227.6M	$45.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$7.85
Price spread: −0.191% → +0.019%: −$21.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 5 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	0.00 bp	6.7 bp −$7	10.7 bp −$107	21.6 bp −$2,165	48.7 bp −$24.3K

Ondo Perps: 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	117.34	−0.034%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.21	−0.147%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.15	−0.198%	$31.5M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.08	−0.259%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.19	−0.162%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.25	−0.113%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.15	−0.193%	$1.4M	$19.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0011%	1h	117.18	−0.170%	$26.3M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.22	−0.136%	$100K	$163K	20x	as long as short
HTX SOL-USDTshort	+0.0063%	8h	117.16	−0.191%	$227.6M	$45.5M	75x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.35	−0.027%	$101K	$689K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.16	−0.187%	$8.0M	$402.0M	50x	as long as short
BingX SOL-USDT	+0.0070%	8h	117.17	−0.178%	—	$363.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.16	−0.191%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.15	−0.199%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.14	−0.204%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.14	−0.201%	$343K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.22	−0.136%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.26	−0.105%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.22	−0.141%	$5.8M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.18	−0.170%	$176.4M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.27	−0.096%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.19	−0.162%	$964.5M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.25	−0.111%	$819.7M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.23	−0.128%	$365.1M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	117.38	long leg	$238K	$848K	10x
Arcus SOL-USD	+0.0100%	1h	117.23	−0.125%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.060%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.14	−0.204%	$855.8M	$647.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.16	−0.187%	$423.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.18	−0.170%	$129.7M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.14	−0.202%	$485.5M	$432.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.14	−0.204%	$23.6M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.24	−0.117%	$24.3M	$117.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.31	−0.055%	$94.2M	$398.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.069%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.39	+0.005%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.36	−0.017%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.22	−0.136%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.19	−0.160%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.14	−0.204%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.17	−0.179%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.13	−0.213%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.16	−0.187%	$45.6M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.14	−0.206%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.33	−0.047%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	0.000%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.29	−0.075%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0161%	1h	117.28	−0.085%	$716.3M	$391.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.22	−0.140%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	0.000%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.14	−0.204%	$51.6M	$70.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.18	−0.167%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0385%	1h	117.38	0.000%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.23	−0.124%	$127K	$3.8M	8.3x	as long as short