Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.059%

Price spread now: HTX against Hibachi−0.018%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Hibachi Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.018%, 7d avg −0.028%

Together, before fees+0.019%+ Points / potential airdropHibachi: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.58	0.0024	pay 0.0003% / 1h	13m 58s	$100K	$691K	20x
Short	HTX SOL-USDT	117.56	0.0061	get 0.0061% / 8h	6h 13m	$228.4M	$45.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Hibachi. 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 HibachibpFee HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $7.82
Price spread: −0.018% → −0.028%: $1.05
Slippage, 4 orders: −$3.54
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.67
Costs to cover: 0.245%
Break-even: 21.0 days

Slippage from Hibachi: live order book, 55 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 Hibachi live order book, 55 min ago	0.67 bp	6.2 bp −$6	22.3 bp −$223	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.00 bp	6.2 bp −$6	10.6 bp −$106	22.5 bp −$2,246	47.8 bp −$23.9K

SOL on 54 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	117.67	+0.077%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	117.57	−0.012%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.65	+0.060%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.63	+0.039%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.60	+0.019%	$1.4M	$20.8M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.64	+0.052%	$1.9M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.59	+0.007%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-Plong	+0.0024%	1h	117.58	long leg	$100K	$691K	20x
Deribit SOL_USDC-PERPETUAL	+0.0027%	1h	117.71	+0.112%	$26.4M	$25.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.69	+0.091%	$31.6M	$99.0M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0055%	1h	117.69	+0.093%	$1.5M	$6.0M	50x	as long as short
Gate SOL_USDT	+0.0059%	8h	117.66	+0.067%	$850.4M	$664.8M	100x	as long as short
HTX SOL-USDTshort	+0.0061%	8h	117.56	−0.018%	$228.4M	$45.6M	75x
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.70	+0.103%	$8.0M	$409.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.71	+0.111%	—	$370.2M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.67	+0.072%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.68	+0.086%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.67	+0.077%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.65	+0.059%	$103K	$157K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.68	+0.086%	$345K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.66	+0.070%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.61	+0.025%	$64K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.61	+0.029%	$5.8M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.68	+0.084%	$176.6M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.67	+0.074%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.71	+0.108%	$969.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.73	+0.125%	$820.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.71	+0.110%	$366.6M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.060%	$238K	$890K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.64	+0.051%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	−0.047%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.71	+0.110%	$425.2M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.70	+0.103%	$130.6M	$210.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.68	+0.082%	$487.6M	$441.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.69	+0.093%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.049%	$24.3M	$121.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.63	+0.045%	$94.5M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.76	+0.151%	$48.2M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.53	−0.043%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.62	+0.033%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.65	+0.059%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.66	+0.063%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.64	+0.047%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.68	+0.084%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.67	+0.076%	$45.8M	$101.5M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.76	+0.152%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.67	+0.072%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.62	+0.032%	—	$225.4M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	117.80	+0.186%	$720.2M	$401.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.61	+0.021%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.246%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.65	+0.059%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.70	+0.104%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.64	+0.050%	$129K	$3.9M	8.3x	as long as short