Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.036%

Price spread now: HTX against Bluefin−0.015%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.596%+$60 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.596%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.84	0.0186	pay 0.0023% / 1h	20m 56s	$27K	$36K	25x
Short	HTX SOL-USDT	116.82	0.0100	get 0.0100% / 8h	7h 20m	$226.0M	$49.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bluefin. 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 BluefinbpFee HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$18.05
Price spread: −0.015% → 0.000%: −$1.46
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	0.00 bp	6.7 bp −$7	10.3 bp −$103	18.4 bp −$1,839	42.4 bp −$21.2K

Bluefin: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SOL-PERP	−0.0080%	1h	116.70	−0.120%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.866%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.88	+0.033%	$32.5M	$103.4M	100x	as long as short
Bybit SOLUSDT	−0.0031%	8h	116.69	−0.123%	$729.8M	$1.35B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.79	−0.039%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	−0.086%	$1.4M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.78	−0.050%	$100K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0003%	1h	116.73	−0.093%	—	$524K	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.71	−0.109%	$482.0M	$434.7M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.87	+0.028%	$7.8M	$388.4M	50x	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	+0.0041%	1h	116.70	−0.116%	$7.5M	$24.1M	20x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.72	−0.099%	$177.1M	$168.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.83	−0.003%	$1.0M	$5.7M	100x	as long as short
Phemex SOLUSDT	+0.0082%	8h	116.82	−0.014%	$45.4M	$102.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.83	−0.005%	$13.2M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.82	−0.014%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.84	+0.006%	$352K	$240K	20x	as long as short
SoDEX SOL-USD	+0.0096%	1h	116.83	−0.005%	$6.0M	$11.1M	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.65	−0.158%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.70	−0.116%	$59K	$886K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	−0.132%	$5.3M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	−0.005%	$702.0M	$388.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.72	−0.102%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.71	−0.109%	$962.7M	$3.78B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	−0.108%	$366.4M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.142%	$218K	$841K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.75	−0.078%	$943K	$8.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.75	−0.074%	$842.9M	$618.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.74	−0.082%	$415.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.80	−0.030%	$130.2M	$236.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.74	−0.084%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.84	+0.003%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.76	−0.067%	$25.0M	$103.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.324%	$93.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.65	−0.159%	$47.8M	$27.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.58	−0.215%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	−0.134%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.77	−0.056%	$320K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.81	−0.023%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.66	−0.148%	$189K	$1.7M	30x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.82	−0.015%	$226.0M	$49.9M	75x
Bulk SOL-USD	+0.0100%	1h	115.76	−0.924%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.70	−0.113%	$8.2M	$35.4M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.75	−0.074%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.68	−0.134%	—	$227.6M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.81	−0.022%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0128%	1h	116.91	+0.067%	$26.3M	$21.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	116.77	−0.054%	$104K	$675K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.425%	$4K	$124	12x	as long as short
Bluefin SOL-PERPlong	+0.0186%	1h	116.84	long leg	$27K	$36K	25x
Reya SOLRUSDPERP	+0.0197%	1h	116.75	−0.074%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	−0.014%	$52.4M	$61.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.84	0.000%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0407%	1h	116.41	−0.367%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.77	−0.053%	$2.2M	$4.8M	20x	as long as short