Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.162%

Price spread now: Injective against HTX+0.141%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.141% dearer against HTX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	119.43	0.0090	pay 0.0090% / 8h	48m 54s	$232.3M	$45.0M	75x
Short	Injective SOL/USDC PERP	119.60	0.0170	get 0.0021% / 1h	48m 54s	$4K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.141%Rate

Funding earned: $16.84
Price spread: +0.141% → 0.000%: $14.12
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $18.93
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 5 min ago; Injective: 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, 5 min ago	0.00 bp	7.6 bp −$8	9.5 bp −$95	17.1 bp −$1,711	44.5 bp −$22.3K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-PERP	−0.0080%	1h	119.55	+0.103%	$848	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	119.41	−0.016%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0066%	1h	119.51	+0.064%	—	$723K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.55	+0.099%	$113K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.61	+0.152%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.52	+0.071%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.57	+0.114%	$177K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0060%	1h	119.63	+0.166%	$1.5M	$6.2M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.58	+0.124%	$104K	$157K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	119.50	+0.056%	$1.1M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0080%	8h	119.59	+0.130%	—	$10.5M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0080%	1h	119.57	+0.120%	$26.7M	$26.0M	50x	as long as short
Gate SOL_USDT	+0.0089%	8h	119.60	+0.141%	$871.5M	$674.5M	100x	as long as short
HTX SOL-USDTlong	+0.0090%	8h	119.43	long leg	$232.3M	$45.0M	75x
Lighter SOL	+0.0096%	1h	119.53	+0.080%	$13.7M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.50	+0.060%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.49	+0.049%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.56	+0.109%	$8.2M	$418.5M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.52	+0.071%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.55	+0.099%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.57	+0.120%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.62	+0.158%	$724.9M	$410.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.53	+0.084%	$179.0M	$175.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.60	+0.141%	$12.4M	$120.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.62	+0.156%	$987.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.64	+0.175%	$832.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.60	+0.141%	$373.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.66	+0.191%	$234K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.58	+0.125%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.65	+0.183%	$134.3M	$6.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.62	+0.158%	$447.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.53	+0.078%	$139.6M	$203.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.61	+0.146%	$498.2M	$456.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.53	+0.083%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.65	+0.183%	$27.4M	$128.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.66	+0.189%	$96.1M	$402.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.63	+0.170%	$49.0M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.62	+0.158%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.54	+0.091%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.54	+0.087%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.50	+0.060%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.53	+0.085%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.52	+0.074%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.56	+0.108%	$46.7M	$102.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0100%	1h	119.60	+0.143%	$24K	$47K	20x	as long as short
Phoenix SOL	+0.0100%	1h	119.62	+0.158%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.59	+0.133%	$8.7M	$35.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	119.69	+0.220%	$122K	$639K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.57	+0.118%	$32.7M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.56	+0.103%	—	$224.7M	500x	as long as short
Injective SOL/USDC PERPshort	+0.0170%	1h	119.60	+0.141%	$4K	$2K	12x
Reya SOLRUSDPERP	+0.0183%	1h	119.52	+0.073%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.52	+0.074%	$52.0M	$84.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.58	+0.122%	$1.7M	$5.2M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0241% / S −0.0181%	1h	119.55	+0.102%	$3.8M	—	200x	as long as short