Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h 0.000%

Price spread now: Nado against HTX+0.063%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.063%, 7d avg +0.007%

Together, before fees+0.051%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Nado is 0.056% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	118.65	0.0085	pay 0.0085% / 8h	26m 51s	$231.0M	$45.1M	75x
Short	Nado SOL-PERP	118.72	0.0100	get 0.0012% / 1h	26m 51s	$6.0M	$40.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.063%Rate

Funding earned: $3.09
Price spread: +0.063% → +0.007%: $5.61
Slippage, 4 orders: −$1.46
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.76
Costs to cover: 0.205%
Break-even: 33.6 days

Slippage from HTX: live order book, 2 min ago; Nado: live order book, 2 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 HTX live order book, 2 min ago	0.00 bp	6.0 bp −$6	9.2 bp −$92	16.5 bp −$1,646	40.0 bp −$20.0K
Sell Nado live order book, 2 min ago	0.42 bp	3.9 bp −$4	4.9 bp −$49	8.8 bp −$885	26.5 bp −$13.3K

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	118.80	+0.123%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	118.69	+0.034%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.68	+0.022%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0016%	1h	118.74	+0.075%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.75	+0.084%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.78	+0.111%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.72	+0.063%	$176K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.77	+0.102%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.160%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.77	+0.097%	$1.0M	$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
01 Exchange SOLUSD	+0.0080%	1h	118.77	+0.101%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.74	+0.072%	—	$10.5M	—	as long as short
HTX SOL-USDTlong	+0.0085%	8h	118.65	long leg	$231.0M	$45.1M	75x
Gate SOL_USDT	+0.0087%	8h	118.75	+0.084%	$862.6M	$680.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.75	+0.084%	$13.5M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.72	+0.061%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.87	+0.188%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.71	+0.050%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.77	+0.102%	$8.1M	$415.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.75	+0.085%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.74	+0.075%	$45K	$797K	20x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	118.72	+0.063%	$6.0M	$40.6M	40x
Hyperliquid SOL	+0.0100%	1h	118.85	+0.168%	$719.1M	$412.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.76	+0.092%	$177.9M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.76	+0.096%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.75	+0.081%	$980.0M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.77	+0.101%	$823.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.75	+0.084%	$371.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	+0.025%	$233K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.78	+0.106%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.236%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.75	+0.084%	$431.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.78	+0.113%	$138.3M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.73	+0.070%	$492.3M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.79	+0.118%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.304%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.163%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.244%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.87	+0.185%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.70	+0.042%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.73	+0.069%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.75	+0.080%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	+0.070%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.72	+0.059%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	+0.084%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.227%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.73	+0.070%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.73	+0.064%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0106%	1h	118.98	+0.281%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.82	+0.142%	—	$225.4M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.75	+0.084%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.219%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.70	+0.045%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.76	+0.092%	$52.3M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.79	+0.114%	$1.7M	$5.2M	20x	as long as short