SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h +0.003%

Price spread now: HTX against Phemex−0.037%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Phemex 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 3 days (all we have)+0.025%+$3 · spread now −0.037%, 7d avg −0.008%

Together, before fees+0.067%+$7 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 0.029% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	119.45	0.0100	pay 0.0100% / 8h	2h 26m	$46.7M	$100.3M	50x
Short	HTX SOL-USDT	119.41	0.0060	get 0.0060% / 8h	2h 26m	$232.7M	$43.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$8.37
Price spread: −0.037% → −0.008%: −$2.87
Slippage, 4 orders: −$4.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.28
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 3 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 Phemex live order book, 3 min ago	0.42 bp	8.7 bp −$9	9.0 bp −$90	16.9 bp −$1,691	doesn't fit
Sell HTX live order book, 3 min ago	0.00 bp	6.0 bp −$6	9.2 bp −$92	16.0 bp −$1,599	37.5 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	−0.251%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.150%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	119.34	−0.092%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0054%	1h	119.43	−0.021%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.51	+0.047%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	−0.124%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.38	−0.059%	$182K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.49	+0.029%	$4.9M	$26.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0011%	1h	119.17	−0.239%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0024%	1h	119.54	+0.075%	$26.8M	$27.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	119.19	−0.214%	$122K	$600K	20x	as long as short
HTX SOL-USDTshort	+0.0060%	8h	119.41	−0.037%	$232.7M	$43.7M	75x
Orderly PERP_SOL_USDC	+0.0060%	8h	119.52	+0.062%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.46	+0.008%	$105K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	119.04	−0.343%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.46	+0.006%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0086%	8h	119.40	−0.042%	$872.1M	$682.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.48	+0.022%	$13.6M	$54.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.40	−0.042%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.46	+0.012%	$355K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.34	−0.091%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.41	−0.033%	$45K	$783K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	−0.075%	$6.4M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.51	+0.048%	$720.9M	$415.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.43	−0.017%	$180.1M	$174.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.49	+0.033%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.50	+0.042%	$976.2M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.54	+0.073%	$827.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.48	+0.025%	$372.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.059%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.42	−0.022%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.47	+0.017%	$473.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.41	−0.035%	$143.1M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.48	+0.026%	$499.4M	$449.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.40	−0.042%	$24.5M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.318%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.01	−0.366%	$95.6M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	−0.323%	$48.7M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.14	−0.260%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.42	−0.025%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.47	+0.013%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.51	+0.051%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.35	−0.087%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.48	+0.025%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	119.45	long leg	$46.7M	$100.3M	50x
Bulk SOL-USD	+0.0100%	1h	118.98	−0.392%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.46	+0.009%	$8.7M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.52	+0.060%	$8.1M	$416.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.43	−0.013%	—	$217.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.04	−0.343%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.40	−0.040%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.41	−0.035%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	−0.100%	$51.7M	$86.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.51	+0.046%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.50	+0.038%	$3.6M	—	200x	as long as short