Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.196%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.196%, 7d avg −0.031%

Together, before fees−0.030%+ Points / potential airdropPacifica: Active · farm board−$3 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 0.165% cheaper against Pacifica than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	118.82	0.0100	pay 0.0013% / 1h	38m 21s	$12.4M	$114.1M	20x
Short	HTX SOL-USDT	118.58	0.0068	get 0.0068% / 8h	2h 38m	$231.0M	$43.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$6.7
Price spread: −0.196% → −0.031%: −$16.49
Slippage, 4 orders: −$1.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.7
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; HTX: live order book, 1 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 Pacifica live order book, 1 min ago	0.42 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.00 bp	6.0 bp −$6	8.8 bp −$88	14.7 bp −$1,473	38.1 bp −$19.1K

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	+0.061%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.61	−0.171%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0081%	1h	118.77	−0.038%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.72	−0.080%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0033%	1h	118.83	+0.010%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.93	+0.095%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.70	−0.098%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	+0.035%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.73	−0.070%	$26.6M	$27.7M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	118.81	−0.006%	$4.8M	$26.9M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0042%	1h	118.74	−0.065%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.94	+0.102%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDTshort	+0.0068%	8h	118.58	−0.196%	$231.0M	$43.6M	75x
BingX SOL-USDT	+0.0070%	8h	118.89	+0.062%	—	$371.1M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.89	+0.061%	$105K	$151K	20x	as long as short
Gate SOL_USDT	+0.0083%	8h	118.83	+0.010%	$858.1M	$678.7M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.79	−0.021%	$123K	$606K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.75	−0.054%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	−0.062%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.93	+0.094%	$353K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0098%	8h	118.89	+0.059%	$143.4M	$196.6M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.79	−0.027%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.84	+0.019%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.062%	$5.5M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.94	+0.103%	$717.1M	$412.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	+0.017%	$179.0M	$174.4M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	118.82	long leg	$12.4M	$114.1M	20x
Binance SOLUSDT	+0.0100%	8h	118.91	+0.078%	$972.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.93	+0.097%	$822.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.90	+0.069%	$369.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.76	−0.048%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	+0.041%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.88	+0.053%	$467.6M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.86	+0.032%	$496.3M	$448.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.68	−0.116%	$24.2M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.052%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.089%	$95.3M	$397.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	−0.063%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.015%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	+0.036%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.89	+0.061%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.91	+0.077%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.67	−0.122%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.64	−0.149%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.64	−0.149%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.091%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.90	+0.073%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.68	−0.117%	$8.1M	$413.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.83	+0.011%	—	$217.2M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.79	−0.023%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.93	+0.095%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.89	+0.062%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.86	+0.037%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.63	−0.158%	$51.6M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.66	−0.129%	$36.0M	$89.7M	100x	as long as short