Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: SunX against Hotstuff−0.002%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 SunX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	117.47	−0.0080	get 0.0010% / 1h	4m 30s	$919	$8K	25x
Short	SunX SOL-USDT	117.46	0.0100	get 0.0100% / 8h	6h 04m	$191K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $37.8
Price spread: −0.002% → 0.000%: −$0.19
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: $24.61
Costs to cover: 0.130%
Break-even: 2.4 days

Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	3.53 bp	38.6 bp −$39	61.5 bp −$615	doesn't fit	doesn't fit

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 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-PERPlong	−0.0080%	1h	117.47	long leg	$919	$8K	25x
Vest SOL-PERP	−0.0060%	1h	117.50	+0.029%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.56	+0.084%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.53	+0.055%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.46	0.000%	$1.4M	$20.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0004%	1h	117.49	+0.019%	$26.4M	$25.4M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.65	+0.155%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.38	−0.074%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0038%	8h	117.37	−0.079%	$228.1M	$45.4M	75x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	117.57	+0.090%	$100K	$690K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.44	−0.019%	$31.5M	$98.6M	100x	as long as short
Gate SOL_USDT	+0.0072%	8h	117.57	+0.089%	$847.9M	$667.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.48	+0.014%	$7.9M	$405.4M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.54	+0.065%	—	$10.6M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	+0.023%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.46	−0.004%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.59	+0.106%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.52	+0.046%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.63	+0.140%	$100K	$162K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.44	−0.023%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.60	+0.114%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.55	+0.072%	$67K	$846K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.51	+0.038%	$5.8M	$40.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.56	+0.080%	$176.5M	$178.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.60	+0.118%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.60	+0.111%	$969.5M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.60	+0.117%	$820.8M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	+0.098%	$366.9M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.038%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.60	+0.117%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.57	+0.089%	$423.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.60	+0.112%	$130.6M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.56	+0.085%	$487.3M	$436.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.44	−0.021%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	+0.051%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.48	+0.017%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.36	−0.092%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.48	+0.013%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.56	+0.081%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.54	+0.061%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	−0.018%	$37K	$16K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.46	−0.002%	$191K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.46	−0.004%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.013%	$45.7M	$101.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.008%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.52	+0.047%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.59	+0.105%	$8.1M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.55	+0.070%	—	$222.7M	500x	as long as short
Hyperliquid SOL	+0.0120%	1h	117.69	+0.192%	$717.8M	$394.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.55	+0.073%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.013%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.54	+0.065%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0352%	1h	117.57	+0.093%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.62	+0.129%	$128K	$3.8M	8.3x	as long as short