Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.022%

Price spread now: HTX against Deribit−0.011%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.011%, 7d avg −0.023%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, 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	Deribit SOL_USDC-PERPETUAL	119.20	0.0003	pay 0.0000% / 1h	0m 16s	$26.7M	$27.7M	50x
Short	HTX SOL-USDT	119.19	0.0063	get 0.0063% / 8h	2h 00m	$232.2M	$44.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $12.59
Price spread: −0.011% → −0.023%: $1.25
Slippage, 4 orders: −$3.66
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.83
Costs to cover: 0.227%
Break-even: 11.9 days

Slippage from Deribit: live order book, 4 min ago; HTX: live order book, 4 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 Deribit live order book, 4 min ago	0.34 bp	4.3 bp −$4	5.3 bp −$53	17.7 bp −$1,768	doesn't fit
Sell HTX live order book, 4 min ago	0.00 bp	6.2 bp −$6	10.9 bp −$109	18.5 bp −$1,847	38.8 bp −$19.4K

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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.173%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0100%	1h	119.07	−0.111%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.08	−0.100%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0066%	1h	119.10	−0.091%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0008%	1h	119.14	−0.056%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.18	−0.024%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.20	−0.002%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.16	−0.035%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0003%	1h	119.20	long leg	$26.7M	$27.7M	50x
Aftermath Perps SOLUSD	+0.0045%	1h	119.23	+0.019%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	119.20	−0.007%	$120K	$633K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0063%	8h	119.18	−0.020%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDTshort	+0.0063%	8h	119.19	−0.011%	$232.2M	$44.7M	75x
01 Exchange SOLUSD	+0.0072%	1h	119.18	−0.020%	$104K	$153K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.15	−0.044%	—	$374.8M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.15	−0.046%	$868.2M	$690.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.12	−0.072%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.11	−0.080%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.15	−0.046%	$353K	$748K	20x	as long as short
ApeX Omni SOLUSDT	+0.0097%	1h	119.07	−0.115%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.09	−0.100%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.09	−0.096%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.12	−0.072%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.26	+0.047%	$719.4M	$414.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	−0.043%	$178.7M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.16	−0.036%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.15	−0.046%	$976.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.16	−0.036%	$821.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.16	−0.037%	$371.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.10	−0.087%	$233K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	−0.025%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.126%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.15	−0.046%	$437.9M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.17	−0.033%	$140.7M	$198.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.15	−0.047%	$496.5M	$453.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.09	−0.096%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.021%	$27.4M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	−0.029%	$95.7M	$398.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.15	−0.048%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.19	−0.012%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.15	−0.046%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.14	−0.050%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.14	−0.051%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.13	−0.059%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.14	−0.054%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.13	−0.062%	$46.5M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.12	−0.067%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.17	−0.033%	$8.2M	$416.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.09	−0.094%	—	$222.1M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.22	+0.013%	$6.5M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.17	−0.026%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.17	−0.033%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.14	−0.058%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.05	−0.129%	$52.0M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.15	−0.049%	$35.4M	$91.3M	100x	as long as short