Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h 0.000%

Price spread now: HTX against SoDEX+0.114%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.114%, 7d avg 0.000%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.114% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.57	0.0020	pay 0.0002% / 1h	39m 34s	$6.1M	$11.0M	20x
Short	HTX SOL-USDT	116.70	0.0100	get 0.0100% / 8h	39m 34s	$225.9M	$50.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $16.89
Price spread: +0.114% → 0.000%: $11.44
Slippage, 4 orders: −$1.13
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $7.2
Costs to cover: 0.211%
Break-even: 4.0 days

Slippage from SoDEX: live order book, 5 min ago; HTX: live order book, 5 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 SoDEX live order book, 5 min ago	0.43 bp	4.4 bp −$4	5.3 bp −$53	16.4 bp −$1,635	doesn't fit
Sell HTX live order book, 5 min ago	0.00 bp	6.1 bp −$6	8.3 bp −$83	17.3 bp −$1,725	45.1 bp −$22.6K

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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.60	+0.022%	$32.5M	$106.3M	100x	as long as short
Hibachi SOL/USDT-P	−0.0144%	1h	116.76	+0.162%	$96K	$681K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.49	−0.069%	$736.1M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0095%	1h	116.53	−0.033%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.59	+0.016%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.240%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.61	+0.036%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	+0.060%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	+0.103%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.63	+0.051%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0007%	1h	116.56	−0.011%	$4.3M	$23.6M	20x	as long as short
Lighter RH SOL	+0.0016%	1h	116.48	−0.077%	$2.2M	$16.7M	25x	as long as short
SoDEX SOL-USDlong	+0.0020%	1h	116.57	long leg	$6.1M	$11.0M	20x
Bitget SOLUSDT	+0.0025%	8h	116.46	−0.092%	$480.6M	$457.3M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0034%	1h	116.67	+0.086%	$26.4M	$22.0M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.53	−0.034%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	+0.037%	$8.0M	$401.5M	50x	as long as short
Aster SOLUSDT	+0.0058%	8h	116.47	−0.087%	$176.8M	$168.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	116.60	+0.023%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.48	−0.075%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.50	−0.059%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	+0.023%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.47	−0.086%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	+0.026%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	+0.069%	$703.3M	$405.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.55	−0.013%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.50	−0.060%	$965.4M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.48	−0.077%	$368.7M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	+0.060%	$218K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	−0.057%	$892K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	−0.077%	$850.0M	$661.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	−0.077%	$367.2M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.52	−0.041%	$132.2M	$233.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.47	−0.081%	—	$373.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.58	+0.009%	$23.0M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.64	+0.062%	$25.0M	$108.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.64	+0.061%	$93.6M	$405.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.69	+0.103%	$47.7M	$29.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.129%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.67	+0.086%	$1.3M	$11.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	+0.026%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.60	+0.028%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.62	+0.045%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.61	+0.037%	$189K	$1.7M	30x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.70	+0.114%	$225.9M	$50.5M	75x
Phemex SOLUSDT	+0.0100%	8h	116.59	+0.017%	$45.4M	$104.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.017%	$126.1M	$26.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.43	−0.118%	$8.2M	$37.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.63	+0.053%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.80	+0.197%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.54	−0.029%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.64	+0.060%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.64	+0.058%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0479%	1h	116.71	+0.117%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.56	−0.012%	$2.1M	$4.8M	20x	as long as short