Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: MEXC against Hotstuff−0.046%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. MEXC is 0.046% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	119.03	−0.0080	get 0.0010% / 1h	35m 29s	$844	$8K	25x
Short	MEXC SOL_USDT	118.97	0.0100	get 0.0100% / 8h	7h 35m	$427.7M	$1.12B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hotstuff. 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 HotstuffbpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $37.8
Price spread: −0.046% → 0.000%: −$4.62
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee MEXC: 1 bp × 2 orders: −$2
Net: $26.18
Costs to cover: 0.070%
Break-even: 2.2 days

Slippage unknown: Hotstuff: no order-book sample; MEXC: live order book, 4 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 Hotstuff no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.42 bp	1.4 bp −$1	1.6 bp −$16	2.9 bp −$294	4.6 bp −$2,316

Hotstuff: 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-PERPlong	−0.0080%	1h	119.03	long leg	$844	$8K	25x
Vest SOL-PERP	−0.0076%	1h	118.86	−0.135%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.96	−0.059%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.04	+0.011%	$5.0M	$25.7M	20x	as long as short
HTX SOL-USDT	−0.0017%	8h	118.91	−0.094%	$231.4M	$44.0M	75x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.03	+0.008%	$32.4M	$96.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.04	+0.011%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.05	+0.021%	$1.2M	$20.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.06	+0.029%	$154K	$3.9M	8.3x	as long as short
Phemex SOLUSDT	+0.0037%	8h	119.03	+0.004%	$46.6M	$100.8M	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	+0.0040%	1h	118.87	−0.130%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.04	+0.013%	$102K	$656K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0072%	1h	119.09	+0.051%	$26.7M	$24.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.97	−0.048%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0080%	8h	119.04	+0.013%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.06	+0.032%	$8.1M	$411.8M	50x	as long as short
Bluefin SOL-PERP	+0.0088%	1h	117.85	−0.985%	$37K	$17K	25x	as long as short
Lighter SOL	+0.0096%	1h	118.97	−0.045%	$14.2M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.00	−0.024%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.03	0.000%	$349K	$245K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.01	−0.012%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.87	−0.130%	$47K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.92	−0.084%	$5.8M	$41.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.00	−0.021%	$179.0M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.02	−0.006%	$12.2M	$123.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.86	−0.135%	$978.6M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.89	−0.109%	$823.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.86	−0.139%	$371.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.063%	$233K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.93	−0.083%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.80	−0.189%	$134.2M	$6.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.96	−0.055%	$859.7M	$663.8M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	118.97	−0.046%	$427.7M	$1.12B	300x
KuCoin SOLUSDTM	+0.0100%	8h	118.99	−0.031%	$138.2M	$202.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.86	−0.143%	$493.4M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.06	+0.029%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	−0.015%	$27.0M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.90	−0.101%	$95.5M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.81	−0.179%	$48.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.01	−0.013%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.98	−0.038%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	−0.139%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.02	−0.005%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.99	−0.029%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.03	+0.004%	$6.3M	$10.8M	20x	as long as short
Hyperliquid SOL	+0.0104%	1h	119.10	+0.063%	$721.8M	$399.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.92	−0.088%	$8.6M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.97	−0.046%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.02	−0.006%	—	$220.1M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.90	−0.101%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.03	+0.008%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0171%	1h	118.89	−0.113%	$25K	$50K	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.307%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.84	−0.153%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.03	+0.004%	$51.9M	$78.4M	125x	as long as short