Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.009%

Price spread now: GMX against HTX+0.052%7-day average +0.045% · you sell dearer than you buy

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

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.052%, 7d avg +0.045%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	116.47	0.0100	pay 0.0100% / 8h	4h 40m	$226.0M	$46.7M	75x
Short	GMX SOL/USD [SOL-USDC]	116.53	L +0.0232% / S −0.0170%	get 0.0021% / 1h	40m 56s	$3.5M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $14.7
Price spread: +0.052% → +0.045%: $0.63
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$8.67
Costs to cover: 0.240%
Break-even: 11.1 days

Slippage unknown: HTX: live order book, 3 min ago; GMX: no order-book sample. 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 HTX live order book, 3 min ago	0.00 bp	6.0 bp −$6	9.2 bp −$92	17.3 bp −$1,726	47.4 bp −$23.7K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Vest SOL-PERP	−0.0090%	1h	116.45	−0.011%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.50	+0.029%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	116.59	+0.106%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.47	0.000%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	+0.063%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.51	+0.034%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	0.0000%	1h	116.46	−0.008%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.54	+0.063%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.55	+0.073%	$7.5M	$404.3M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.56	+0.084%	$31.0M	$100.4M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.55	+0.072%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.57	+0.086%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.55	+0.073%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.56	+0.078%	$342K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.47	+0.003%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.57	+0.089%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.023%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.66	+0.166%	$705.8M	$395.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.58	+0.097%	$175.2M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.060%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.65	+0.158%	$965.6M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.60	+0.115%	$786.1M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.68	+0.183%	$367.3M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.031%	$230K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	+0.014%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.158%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.60	+0.115%	$846.1M	$656.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.58	+0.097%	$418.4M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	+0.057%	$126.3M	$217.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.64	+0.145%	$479.2M	$441.8M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.51	+0.037%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.56	+0.080%	$23.5M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.43	−0.028%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.172%	$93.7M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.132%	$47.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.67	+0.178%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.115%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.012%	$322K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	+0.039%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	+0.049%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	+0.046%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.55	+0.072%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDTlong	+0.0100%	8h	116.47	long leg	$226.0M	$46.7M	75x
Phemex SOLUSDT	+0.0100%	8h	116.54	+0.063%	$45.6M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.62	+0.132%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.52	+0.042%	—	$228.5M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.080%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	+0.046%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0164%	1h	116.61	+0.120%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.46	−0.008%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.57	+0.089%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]short	L +0.0232% / S −0.0170%	1h	116.53	+0.052%	$3.5M	—	200x
Perpl SOL	+0.0335%	43m	116.53	+0.056%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0516%	1h	116.61	+0.125%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.58	+0.099%	$1.9M	$4.9M	20x	as long as short