Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0082%/8h= −9.0% APRnext payment $0.10 per $10,000 · paid last 24h −0.031%
Price spread now: Hyperliquid against Reya+0.092%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.124%−$12 on $10k
Price spread, last 3 days (all we have)−0.438%−$44 · spread now +0.092%, 7d avg +0.051%
Together, before fees−0.562%+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.041% dearer against Reya than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.051%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya SOLRUSDPERP119.230.0182pay 0.0023% / 1h1m 25s$1.1M$547K25x
ShortHyperliquid SOL119.340.0100get 0.0013% / 1h1m 25s$719.9M$410.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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

Funding earned
−$17.27
Price spread: +0.092% → +0.051%
$4.06
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$28.2
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Hyperliquid live order book, 13 min ago0.42 bp5.3 bp −$57.1 bp −$719.9 bp −$98814.9 bp −$7,444
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0169%1h119.27+0.036%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h119.24+0.012%$845$8K25xas long as short
Vest SOL-PERP−0.0064%1h119.20−0.022%$723K20xas long as short
Derive SOL-PERP−0.0052%1h119.19−0.031%$2.0M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.29+0.049%$115K150xas long as short
dYdX SOL-USD−0.0001%1h119.26+0.028%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.28+0.043%$1.2M$20.6M3.1xas long as short
Perpl SOL0.0000%43m119.28+0.038%$177K$4.0M8.3xas long as short
Phoenix SOL+0.0054%1h119.28+0.042%$6.6M$13.6M25xas long as short
01 Exchange SOLUSD+0.0064%1h119.27+0.033%$104K$157K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0070%8h119.28+0.040%$1.1M$5.9M100xas long as short
BingX SOL-USDC+0.0080%8h119.24+0.006%$10.5Mas long as short
HTX SOL-USDT+0.0082%8h119.20−0.022%$232.0M$45.0M75xas long as short
Aftermath Perps SOLUSD+0.0085%1h119.18−0.038%$24K$47K20xas long as short
Gate SOL_USDT+0.0087%8h119.25+0.017%$870.3M$690.6M100xas long as short
Hibachi SOL/USDT-P+0.0088%1h119.30+0.059%$118K$608K20xas long as short
Lighter SOL+0.0096%1h119.28+0.039%$13.6M$56.1M25xas long as short
Lighter RH SOL+0.0096%1h119.24+0.007%$2.2M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h119.10−0.107%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.24+0.008%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.26+0.025%$45K$797K20xas long as short
Nado SOL-PERP+0.0100%1h119.23+0.004%$6.1M$41.6M40xas long as short
Hyperliquid SOLshort+0.0100%1h119.34+0.092%$719.9M$410.1M20x
Aster SOLUSDT+0.0100%8h119.26+0.025%$178.6M$175.3M100xas long as short
Pacifica SOL+0.0100%1h119.28+0.042%$12.3M$119.0M20xas long as short
Binance SOLUSDT+0.0100%8h119.27+0.030%$982.5M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h119.30+0.059%$829.4M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.26+0.025%$372.5M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.26+0.025%$233K$873K10xas long as short
Arcus SOL-USD+0.0100%1h119.28+0.040%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.85−0.319%$133.1M$7.6M20xas long as short
MEXC SOL_USDT+0.0100%8h119.25+0.017%$453.7M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.26+0.024%$139.7M$202.5M75xas long as short
Bitget SOLUSDT+0.0100%8h119.26+0.022%$496.6M$455.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.28+0.042%$24.2M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h119.17−0.051%$27.5M$128.4Mas long as short
edgeX SOLUSDC+0.0100%4h119.22−0.011%$95.8M$401.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.21−0.017%$48.8M$31.5M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.17−0.046%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.28+0.042%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.24+0.008%$368K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.26+0.023%$203K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.27+0.030%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.27+0.033%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.26+0.025%$46.6M$102.2M50xas long as short
Extended SOL-USD+0.0104%1h119.21−0.015%$8.7M$36.1M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.30+0.060%$8.3M$416.8M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0116%1h119.33+0.082%$26.7M$27.7M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.26+0.027%$224.5M500xas long as short
Kraken Futures PF_SOLUSD+0.0149%1h119.28+0.041%$32.6M$96.8M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0169% / S −0.0071%1h119.28+0.043%$3.7M200xas long as short
Reya SOLRUSDPERPlong+0.0182%1h119.23long leg$1.1M$547K25x
RISEx SOL/USDC+0.0192%1h119.28+0.046%$1.7M$5.5M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.02−0.176%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.20−0.025%$52.0M$84.0M125xas long as short