Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.002%

Price spread now: HTX against edgeX+0.217%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.206%−$21 · spread now +0.217%, 7d avg +0.012%

Together, before fees−0.232%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.205% dearer against edgeX than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of +0.012%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.026% in total) that is about 56 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	117.29	0.0100	pay 0.0050% / 4h	1h 55m	$94.2M	$399.5M	75x
Short	HTX SOL-USDT	117.55	0.0036	get 0.0036% / 8h	5h 55m	$228.4M	$45.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$13.47
Price spread: +0.217% → +0.012%: $20.52
Slippage, 4 orders: −$4.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.26
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from edgeX: 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 edgeX live order book, 4 min ago	2.13 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$671	9.8 bp −$4,906
Sell HTX live order book, 4 min ago	0.00 bp	6.0 bp −$6	9.1 bp −$91	19.9 bp −$1,990	42.3 bp −$21.1K

SOL on 54 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
ApeX Omni SOLUSDT	−0.0279%	1h	117.27	−0.021%	$1.5M	$5.9M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.46	+0.139%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.34	+0.042%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.54	+0.213%	$31.5M	$98.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.37	+0.065%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.40	+0.091%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.64	+0.298%	$1.4M	$19.6M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.52	+0.191%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDTshort	+0.0036%	8h	117.55	+0.217%	$228.4M	$45.5M	75x
01 Exchange SOLUSD	+0.0048%	1h	117.40	+0.090%	$100K	$162K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.56	+0.225%	$8.0M	$402.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.64	+0.297%	$100K	$690K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	117.61	+0.271%	$26.4M	$25.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.38	+0.073%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.38	+0.073%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.39	+0.085%	$13.1M	$58.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.42	+0.103%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.60	+0.261%	$345K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.35	+0.048%	$67K	$838K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.42	+0.110%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.41	+0.099%	$5.8M	$39.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.40	+0.093%	$176.2M	$177.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.43	+0.114%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.35	+0.052%	$967.5M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.38	+0.076%	$820.2M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.36	+0.056%	$365.9M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	+0.269%	$237K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.40	+0.093%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.40	+0.090%	$134.9M	$15.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.39	+0.082%	$849.1M	$641.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.35	+0.048%	$424.6M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.37	+0.064%	$130.4M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.35	+0.044%	$486.5M	$433.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.53	+0.201%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.64	+0.291%	$24.3M	$119.7M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.29	long leg	$94.2M	$399.5M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.42	+0.106%	$48.1M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.59	+0.252%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.36	+0.056%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.38	+0.070%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.36	+0.058%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.62	+0.277%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.56	+0.227%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.54	+0.210%	$45.8M	$100.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.35	+0.048%	$6.5M	$13.4M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.36	+0.058%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.56	+0.228%	—	$220.7M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.43	+0.119%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0158%	1h	117.48	+0.158%	$716.9M	$395.6M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.33	+0.033%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	+0.133%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.37	+0.064%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0365%	1h	117.48	+0.154%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.44	+0.123%	$128K	$3.8M	8.3x	as long as short