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% APRpaid last 24h −0.001%

Price spread now: HTX against Bullet−0.115%7-day average −0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Bullet Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.115%, 7d avg −0.005%

Together, before fees−0.041%−$4 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: HTX is 0.110% cheaper against Bullet than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	117.01	0.0100	pay 0.0013% / 1h	45m 32s	$148K	$1.6M	20x
Short	HTX SOL-USDT	116.87	0.0100	get 0.0100% / 8h	3h 45m	$226.7M	$47.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bullet. 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 BulletbpFee HTXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.005%: −$10.97
Slippage, 4 orders: −$4.83
Fee Bullet: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.8
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; HTX: live order book, 4 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 Bullet live order book, 4 min ago	0.38 bp	5.5 bp −$6	9.3 bp −$93	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.00 bp	6.0 bp −$6	9.3 bp −$93	24.0 bp −$2,402	48.3 bp −$24.2K

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	−0.0192%	1h	117.01	+0.005%	$31.2M	$100.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	117.00	−0.002%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0089%	1h	116.92	−0.075%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.00	−0.005%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.02	+0.011%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.98	−0.018%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	117.01	+0.004%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0044%	1h	116.95	−0.048%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.99	−0.017%	$7.5M	$405.4M	50x	as long as short
Bybit SOLUSDT	+0.0077%	8h	116.89	−0.098%	$768.8M	$1.37B	100x	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	+0.0088%	1h	116.99	−0.014%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	117.03	+0.016%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.97	−0.029%	$13.0M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.97	−0.032%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.00	−0.002%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.90	−0.091%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.02	+0.011%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.98	−0.025%	$5.4M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.07	+0.059%	$706.7M	$394.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.00	−0.005%	$175.1M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.00	−0.002%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.97	−0.030%	$977.1M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.97	−0.031%	$368.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.94	−0.056%	$230K	$850K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.99	−0.012%	$922K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.94	−0.056%	$853.2M	$658.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.96	−0.039%	$367.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.95	−0.046%	$129.5M	$222.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.94	−0.061%	$481.9M	$443.7M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.94	−0.055%	—	$366.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.00	−0.005%	$23.2M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.90	−0.087%	$24.5M	$113.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.86	−0.128%	$93.8M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.76	−0.210%	$47.7M	$30.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.93	−0.068%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	−0.014%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.96	−0.039%	$322K	$2.6M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	117.01	long leg	$148K	$1.6M	20x
Bluefin SOL-PERP	+0.0100%	1h	117.00	−0.009%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.95	−0.047%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.01	+0.003%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.87	−0.115%	$226.7M	$47.8M	75x
Phemex SOLUSDT	+0.0100%	8h	117.01	+0.003%	$45.9M	$102.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.90	−0.091%	$134.0M	$22.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.90	−0.088%	$8.3M	$37.6M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	−0.014%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.86	−0.123%	—	$231.3M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.88	−0.108%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.94	−0.058%	$1.1M	$541K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0204%	1h	117.07	+0.056%	$26.4M	$23.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.86	−0.125%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	117.01	+0.006%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.98	−0.025%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0521%	1h	116.93	−0.066%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	117.05	+0.041%	$1.9M	$4.8M	20x	as long as short