Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Hyperliquid against StandX+0.109%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on StandX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days−0.097%−$10 · spread now +0.109%, 7d avg +0.011%

Together, before fees−0.143%+ Points / potential airdropStandX: Active · Hyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.098% dearer against StandX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SOL-USD	116.83	0.0100	pay 0.0013% / 1h	34m 43s	$1.3M	$12.7M	30x
Short	Hyperliquid SOL	116.96	0.0100	get 0.0013% / 1h	34m 43s	$706.0M	$394.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against StandX. 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 StandXbpFee HyperliquidbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.011%: $9.83
Slippage, 4 orders: −$12.58
Fee StandX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.75
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Hyperliquid: live order book, 9 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 StandX live order book, 4 min ago	4.71 bp	10.2 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.43 bp	4.9 bp −$5	6.2 bp −$62	9.7 bp −$968	doesn't fit

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	−0.0193%	1h	116.90	+0.056%	$31.1M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.83	0.000%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0086%	1h	116.86	+0.022%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.88	+0.046%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.92	+0.075%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.93	+0.083%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0007%	1h	116.87	+0.034%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0011%	1h	116.85	+0.019%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	+0.0040%	8h	116.75	−0.068%	$765.0M	$1.38B	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.91	+0.070%	$7.6M	$405.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	116.92	+0.077%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.92	+0.078%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.85	+0.020%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.83	−0.003%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.92	+0.079%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.86	+0.026%	$61K	$893K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.84	+0.011%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.86	+0.024%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	116.96	+0.109%	$706.0M	$394.5M	20x
Aster SOLUSDT	+0.0100%	8h	116.85	+0.013%	$175.0M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.87	+0.031%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.82	−0.006%	$975.3M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.80	−0.026%	$367.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.88	+0.043%	$229K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.83	0.000%	$922K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.188%	$134.1M	$22.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.86	+0.026%	$852.7M	$661.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.81	−0.017%	$366.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.82	−0.009%	$129.2M	$223.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.78	−0.039%	$482.0M	$445.4M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.83	−0.004%	—	$366.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.89	+0.051%	$23.1M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	−0.082%	$24.5M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.91	+0.065%	$93.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.75	−0.068%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.97	+0.122%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USDlong	+0.0100%	1h	116.83	long leg	$1.3M	$12.7M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	116.90	+0.060%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.91	+0.068%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.91	+0.067%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.85	+0.019%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.89	+0.051%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.87	+0.033%	$226.5M	$48.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.91	+0.068%	$45.8M	$103.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.79	−0.034%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.137%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.86	+0.021%	—	$231.5M	500x	as long as short
Phoenix SOL	+0.0151%	1h	117.04	+0.180%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0156%	1h	116.94	+0.093%	$26.4M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.89	+0.054%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.90	+0.060%	$52.1M	$67.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.92	+0.075%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.90	+0.056%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0521%	1h	116.94	+0.093%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.97	+0.116%	$1.9M	$4.8M	20x	as long as short