Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.044%

Price spread now: HTX against Perpl−0.117%49s7-day average +0.026% · you buy dearer than you sell

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

Long on Perpl Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.297%+$30 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.117%, 7d avg +0.026%

Together, before fees+0.382%+ Points / potential airdropPerpl: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.143% cheaper against Perpl than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of +0.026%). If the spread goes back, that is −$14 on $10k: about 7.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.297% in total) that is about 3.4 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	119.03	0	get 0.0000% / 43m	22m 21s	$180K	$4.0M	8.3x
Short	HTX SOL-USDT	118.89	0.0067	get 0.0067% / 8h	2h 35m	$231.6M	$43.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Perpl. 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 PerplbpFee HTXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $13.99
Price spread: −0.117% → +0.026%: −$14.26
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.07
Costs to cover: 0.258%
Break-even: 20.0 days

Slippage unknown: Perpl: no order-book sample; HTX: live order book, 4 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 Perpl no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	0.00 bp	6.0 bp −$6	8.8 bp −$88	14.7 bp −$1,473	38.1 bp −$19.1K

Perpl: 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	−0.115%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.99	−0.035%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.96	−0.059%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.98	−0.037%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0019%	1h	118.93	−0.084%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.07	+0.034%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.02	−0.005%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	119.03	long leg	$180K	$4.0M	8.3x
dYdX SOL-USD	0.0000%	1h	119.00	−0.026%	$4.9M	$26.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0023%	1h	119.13	+0.082%	$26.7M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0060%	8h	119.08	+0.048%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDTshort	+0.0067%	8h	118.89	−0.117%	$231.6M	$43.6M	75x
01 Exchange SOLUSD	+0.0072%	1h	119.07	+0.036%	$104K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.077%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.04	+0.011%	—	$371.8M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	119.00	−0.026%	$122K	$600K	20x	as long as short
Gate SOL_USDT	+0.0085%	8h	119.03	+0.003%	$867.9M	$680.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.01	−0.011%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.01	−0.015%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.06	+0.024%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.01	−0.012%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.04	+0.011%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.04	+0.011%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.13	+0.087%	$718.4M	$413.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.04	+0.011%	$179.7M	$174.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.06	+0.024%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.06	+0.028%	$972.5M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.07	+0.037%	$823.2M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.04	+0.011%	$370.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.065%	$234K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.09	+0.056%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.05	+0.019%	$468.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.05	+0.018%	$143.3M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.05	+0.020%	$496.9M	$448.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.96	−0.056%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.022%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.267%	$95.3M	$397.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.11	+0.068%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.01	−0.014%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.04	+0.011%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.04	+0.012%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.07	+0.033%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.05	+0.020%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.06	+0.028%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.98	−0.039%	$46.4M	$99.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.267%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.04	+0.010%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.98	−0.038%	$8.1M	$414.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.06	+0.024%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	+0.003%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.08	+0.048%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.03	+0.007%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.12	+0.078%	$51.8M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.09	+0.052%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.06	+0.028%	$3.6M	—	200x	as long as short