Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h +0.028%

Price spread now: HTX against gTrade (Gains Network)−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.044% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	116.58	L −0.0001% / S +0.0004%	get 0.0000% / 1h	39m 38s	$54K	—	150x
Short	HTX SOL-USDT	116.53	0.0100	get 0.0100% / 8h	4h 39m	$226.1M	$46.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $21.16
Price spread: −0.044% → 0.000%: −$4.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.26
Costs to cover: 0.220%
Break-even: 8.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 5 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	0.00 bp	6.3 bp −$6	9.6 bp −$96	21.7 bp −$2,173	44.7 bp −$22.3K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Vest SOL-PERP	−0.0091%	1h	116.57	−0.006%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.045%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	116.51	−0.056%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.52	−0.055%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.58	long leg	$54K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.003%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.56	−0.018%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.55	−0.026%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.57	−0.005%	$7.5M	$404.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.51	−0.062%	$31.0M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.59	+0.008%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.57	−0.007%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.56	−0.015%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	+0.021%	$343K	$240K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.47	−0.094%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	+0.013%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.65	+0.060%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.62	+0.034%	$705.5M	$394.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.56	−0.019%	$175.2M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	+0.031%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.51	−0.060%	$964.3M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.47	−0.094%	$785.0M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.54	−0.034%	$367.1M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.060%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	−0.089%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.060%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.52	−0.051%	$844.2M	$657.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.57	−0.009%	$417.1M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.56	−0.021%	$126.6M	$217.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.48	−0.089%	$478.6M	$441.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.49	−0.074%	—	$365.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.069%	$23.5M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.43	−0.126%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.074%	$93.7M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.031%	$47.7M	$29.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.56	−0.019%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.53	−0.043%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.63	+0.043%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.61	+0.027%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.003%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	+0.077%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.55	−0.026%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.53	−0.044%	$226.1M	$46.7M	75x
Phemex SOLUSDT	+0.0100%	8h	116.58	0.000%	$45.6M	$101.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.106%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.69	+0.090%	—	$228.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0131%	1h	116.63	+0.047%	$26.3M	$25.3M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.017%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	−0.051%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.59	+0.011%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.57	−0.009%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.62	+0.036%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.66	+0.067%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0521%	1h	116.68	+0.083%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.59	+0.008%	$1.9M	$4.9M	20x	as long as short