Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: HTX against MEXC−0.038%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now −0.038%, 7d avg −0.016%

Together, before fees−0.342%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	116.81	0.0100	pay 0.0100% / 8h	7h 19m	$416.9M	$1.07B	300x
Short	HTX SOL-USDT	116.77	0.0100	get 0.0100% / 8h	7h 19m	$226.1M	$49.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.016%: −$2.22
Slippage, 4 orders: −$1.93
Fee MEXC: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.15
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; HTX: live order book, 5 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 MEXC live order book, 5 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$276	5.4 bp −$2,681
Sell HTX live order book, 5 min ago	0.00 bp	6.7 bp −$7	10.3 bp −$103	18.4 bp −$1,839	42.4 bp −$21.2K

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	116.76	−0.039%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.843%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.84	+0.028%	$32.4M	$100.9M	100x	as long as short
Bybit SOLUSDT	−0.0034%	8h	116.83	+0.017%	$730.7M	$1.33B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.83	+0.013%	$43K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.85	+0.038%	$1.4M	$18.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.73	−0.072%	$101K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0001%	1h	116.78	−0.022%	—	$518K	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.82	+0.008%	$482.3M	$429.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.84	+0.027%	$7.8M	$386.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0042%	1h	116.86	+0.045%	$7.6M	$22.5M	20x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.85	+0.034%	$177.3M	$166.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.81	−0.002%	$1.0M	$5.6M	100x	as long as short
Phemex SOLUSDT	+0.0083%	8h	116.82	+0.009%	$45.4M	$102.6M	50x	as long as short
SoDEX SOL-USD	+0.0094%	1h	116.81	0.000%	$6.1M	$11.1M	20x	as long as short
Polymarket Perps SOL-USD	+0.0095%	1h	116.87	+0.051%	$321K	$2.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.82	+0.009%	$13.2M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.80	−0.009%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.82	+0.012%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.87	+0.051%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.80	−0.009%	$53K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.84	+0.023%	$5.4M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.93	+0.103%	$707.7M	$390.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	+0.024%	$15.7M	$127.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.85	+0.034%	$963.9M	$3.72B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.84	+0.026%	$367.0M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.73	−0.068%	$218K	$828K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.85	+0.038%	$942K	$8.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.82	+0.009%	$844.5M	$619.5M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	116.81	long leg	$416.9M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.81	−0.002%	$130.5M	$234.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.80	−0.006%	—	$368.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	+0.017%	$23.1M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.76	−0.044%	$25.0M	$103.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.68	−0.111%	$93.7M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.77	−0.036%	$47.8M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.73	−0.070%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.74	−0.060%	$1.3M	$10.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.83	+0.017%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.80	−0.005%	$190K	$1.7M	30x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.77	−0.038%	$226.1M	$49.2M	75x
Bulk SOL-USD	+0.0100%	1h	115.76	−0.902%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.78	−0.029%	$8.4M	$35.4M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.83	+0.017%	$101K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.85	+0.035%	—	$225.5M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.81	0.000%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.77	−0.032%	$104K	$663K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0145%	1h	116.88	+0.058%	$26.3M	$20.4M	50x	as long as short
Bluefin SOL-PERP	+0.0149%	1h	116.82	+0.007%	$27K	$35K	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.402%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.78	−0.023%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.80	−0.009%	$52.2M	$60.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.74	−0.061%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0420%	1h	116.57	−0.202%	$25K	$55K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.87	+0.049%	$2.2M	$4.7M	20x	as long as short