Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.7% APRpaid last 24h 0.000%

Price spread now: SoDEX against HTX+0.030%7-day average −0.003% · 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−$18as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.030%, 7d avg −0.003%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SoDEX is 0.034% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	118.92	−0.0035	get 0.0035% / 8h	7h 30m	$231.4M	$44.1M	75x
Short	SoDEX SOL-USD	118.96	0.0100	get 0.0013% / 1h	30m 46s	$6.3M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $28.28
Price spread: +0.030% → −0.003%: $3.35
Slippage, 4 orders: −$1.8
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $9.83
Costs to cover: 0.218%
Break-even: 4.6 days

Slippage from HTX: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	0.00 bp	6.3 bp −$6	10.4 bp −$104	20.0 bp −$1,999	45.6 bp −$22.8K
Sell SoDEX live order book, 3 min ago	0.42 bp	4.4 bp −$4	4.7 bp −$47	14.9 bp −$1,486	doesn't fit

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
Bluefin SOL-PERP	−0.0126%	1h	118.98	+0.044%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	+0.095%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.93	+0.007%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.88	−0.039%	$2.0M	$2.7M	13x	as long as short
HTX SOL-USDTlong	−0.0035%	8h	118.92	long leg	$231.4M	$44.1M	75x
dYdX SOL-USD	−0.0017%	1h	118.98	+0.047%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.98	+0.048%	$32.4M	$96.5M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.00	+0.064%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.05	+0.109%	$1.2M	$20.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.04	+0.101%	$158K	$3.9M	8.3x	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	+0.0032%	1h	119.04	+0.098%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	118.91	−0.014%	$101K	$657K	20x	as long as short
Phemex SOLUSDT	+0.0050%	8h	119.00	+0.064%	$46.6M	$100.4M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.90	−0.021%	—	$366.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	118.97	+0.041%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.00	+0.067%	$8.1M	$410.7M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.89	−0.027%	$14.2M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.93	+0.003%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.97	+0.036%	$349K	$250K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0096%	1h	119.02	+0.083%	$26.7M	$24.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.91	−0.015%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.01	+0.072%	$47K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.03	+0.089%	$5.9M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.04	+0.098%	$721.5M	$399.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.95	+0.021%	$179.2M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.94	+0.014%	$12.2M	$123.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.90	−0.022%	$978.9M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.92	0.000%	$823.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.90	−0.020%	$371.0M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	+0.022%	$233K	$842K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.93	+0.004%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.80	−0.104%	$134.2M	$6.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.95	+0.022%	$858.8M	$665.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.90	−0.020%	$429.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.92	−0.002%	$138.2M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.88	−0.039%	$493.4M	$441.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.00	+0.064%	$24.2M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.98	+0.044%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.94	+0.015%	$95.5M	$404.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.92	−0.003%	$48.7M	$29.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.98	+0.051%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.86	−0.054%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.02	+0.081%	$357K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.97	+0.043%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.98	+0.047%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	118.96	+0.030%	$6.3M	$10.8M	20x
Extended SOL-USD	+0.0104%	1h	118.93	+0.001%	$8.6M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.01	+0.072%	$6.5M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.00	+0.068%	—	$219.5M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.03	+0.093%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	118.99	+0.057%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0170%	1h	118.96	+0.030%	$25K	$50K	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.222%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.97	+0.037%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.96	+0.030%	$51.9M	$77.5M	125x	as long as short