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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRnext payment $0.19 per $10,000 · paid last 24h +0.030%
Price spread now: Hibachi against Aevo−0.006%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1081.080% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.006%, 7d avg +0.041%
Together, before fees+0.056%+ Points / potential airdropHibachi: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hibachi is 0.047% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo SOL-PERP116.220.0096pay 0.0012% / 1h11m 42s$350K$256K20x
ShortHibachi SOL/USDT-P116.21−0.0056pay 0.0007% / 1h11m 42s$101K$676K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Aevo. 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
−$31.92
Price spread: −0.006% → +0.041%
−$4.69
Slippage, 4 orders
−$82.98
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$144.59
Costs to cover
1.080%
Break-even
never at this rate
Slippage from Aevo: live order book, 27 min ago; Hibachi: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 27 min ago31.46 bp47.7 bp −$4856.2 bp −$562doesn't fitdoesn't fit
Sell Hibachi live order book, 27 min ago1.07 bp5.6 bp −$618.4 bp −$184doesn't fitdoesn't fit

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
Kraken Futures PF_SOLUSD−0.0153%1h116.25+0.031%$32.3M$106.7M100xas long as short
Bybit SOLUSDT−0.0096%8h116.20−0.018%$733.3M$1.43B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.32+0.092%$1K$8K25xas long as short
Hibachi SOL/USDT-Pshort−0.0056%1h116.21−0.006%$101K$676K20x
Injective SOL/USDC PERP−0.0055%1h116.36+0.123%$4K$2K12xas long as short
Vest SOL-PERP−0.0033%1h116.21−0.002%$649K20xas long as short
Derive SOL-PERP−0.0008%1h116.16−0.045%$1.8M$3.0M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.25+0.024%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.25+0.026%$1.4M$19.4M3.1xas long as short
Perpl SOL0.0000%43m116.19−0.020%$99K$3.5M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0005%1h116.23+0.014%$4.3M$23.5M20xas long as short
Bitget SOLUSDT+0.0023%8h116.20−0.012%$479.4M$456.0M100xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.25+0.025%$7.8M$397.9M50xas long as short
Aster SOLUSDT+0.0053%8h116.21−0.008%$177.0M$168.8M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0067%1h116.27+0.047%$26.3M$21.7M50xas long as short
Orderly PERP_SOL_USDC+0.0071%8h116.24+0.021%$1.0M$6.1M100xas long as short
01 Exchange SOLUSD+0.0072%1h116.26+0.037%$100K$182K20xas long as short
Paradex SOL-USD-PERP+0.0095%8h116.21−0.003%$1.0M$554K50xas long as short
Lighter SOL+0.0096%1h116.21−0.007%$13.1M$60.9M25xas long as short
Lighter RH SOL+0.0096%1h116.19−0.024%$2.2M$16.8M25xas long as short
Aevo SOL-PERPlong+0.0096%1h116.22long leg$350K$256K20x
Katana Perps SOL-USD+0.0100%8h116.15−0.058%$64K$912K20xas long as short
Nado SOL-PERP+0.0100%1h116.19−0.025%$5.3M$41.5M40xas long as short
Hyperliquid SOL+0.0100%1h116.29+0.063%$695.7M$408.8M20xas long as short
Pacifica SOL+0.0100%1h116.22+0.004%$15.7M$130.4M20xas long as short
Binance SOLUSDT+0.0100%8h116.21−0.006%$961.1M$3.86B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.21−0.006%$366.0M$1.76B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.13−0.075%$223K$856K10xas long as short
Arcus SOL-USD+0.0100%1h116.21−0.009%$921K$8.5M20xas long as short
Bulk SOL-USD+0.0100%1h116.21−0.007%$125.5M$25.5M20xas long as short
Gate SOL_USDT+0.0100%8h116.21−0.006%$844.2M$669.7M100xas long as short
MEXC SOL_USDT+0.0100%8h116.22+0.003%$372.7M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.220.000%$129.2M$236.2M75xas long as short
BingX SOL-USDC+0.0100%8h116.17−0.039%$10.7Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.23+0.011%$22.8M$35.7M50xas long as short
Variational Omni SOL+0.0100%8h116.09−0.112%$24.8M$107.4Mas long as short
edgeX SOLUSDC+0.0100%4h116.11−0.092%$93.2M$406.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.13−0.075%$47.6M$29.1M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.15−0.058%$1.1M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.17−0.040%$1.3M$11.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.24+0.020%$316K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h116.25+0.028%$281K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.21−0.004%$26K$36K25xas long as short
SunX SOL-USDT+0.0100%8h116.24+0.016%$189K$1.7M30xas long as short
SoDEX SOL-USD+0.0100%1h116.22+0.003%$6.1M$11.0M20xas long as short
HTX SOL-USDT+0.0100%8h116.20−0.012%$225.0M$50.7M75xas long as short
Phemex SOLUSDT+0.0100%8h116.22+0.003%$45.2M$104.2M50xas long as short
Extended SOL-USD+0.0104%1h116.18−0.034%$8.2M$36.9M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.20−0.018%$236.1M500xas long as short
Phoenix SOL+0.0130%1h116.21−0.006%$6.5M$13.6M25xas long as short
Reya SOLRUSDPERP+0.0196%1h116.22+0.001%$1.1M$545K25xas long as short
BloFin SOL-USDT+0.0220%8h116.21−0.006%$52.0M$65.4M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0231% / S −0.0169%1h116.25+0.025%$3.5M200xas long as short
Aftermath Perps SOLUSD+0.0445%1h116.21−0.007%$25K$57K20xas long as short
RISEx SOL/USDC+0.0485%1h116.27+0.043%$2.1M$4.8M20xas long as short