Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.059%
Price spread now: Aevo against Hibachi−0.221%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$440.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.221%, 7d avg −0.037%
Together, before fees+0.164%+ Points / potential airdropHibachi: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.184% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of −0.037%). If the spread goes back, that is −$18 on $10k: about 26 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 5 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi SOL/USDT-P117.640.0072pay 0.0009% / 1h55m 10s$100K$690K20x
ShortAevo SOL-PERP117.380.0096get 0.0012% / 1h55m 10s$344K$225K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hibachi. 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

Funding earned
$5.04
Price spread: −0.221% → −0.037%
−$18.43
Slippage, 4 orders
−$18.71
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$57.1
Costs to cover
0.437%
Break-even
86.3 days
Slippage from Hibachi: live order book, 9 min ago; Aevo: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 9 min ago0.04 bp4.5 bp −$516.8 bp −$168doesn't fitdoesn't fit
Sell Aevo live order book, 9 min ago1.79 bp16.7 bp −$1730.3 bp −$303doesn't fitdoesn't fit

SOL on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT−0.0279%1h117.27−0.317%$1.5M$5.9M50xas long as short
Hotstuff SOL-PERP−0.0080%1h117.46−0.158%$919$8K25xas long as short
Vest SOL-PERP−0.0057%1h117.34−0.255%$605K20xas long as short
Kraken Futures PF_SOLUSD−0.0055%1h117.41−0.200%$31.5M$98.0M100xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.37−0.232%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.40−0.206%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.47−0.149%$1.4M$19.6M3.1xas long as short
Derive SOL-PERP+0.0009%1h117.29−0.303%$2.0M$2.8M13xas long as short
HTX SOL-USDT+0.0033%8h117.29−0.298%$227.9M$45.5M75xas long as short
01 Exchange SOLUSD+0.0048%1h117.40−0.207%$100K$162K20xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International SOL-PERP-INTX+0.0064%1h117.44−0.169%$8.0M$402.3M50xas long as short
Hibachi SOL/USDT-Plong+0.0072%1h117.64long leg$100K$690K20x
BingX SOL-USDT+0.0080%8h117.38−0.228%$363.5Mas long as short
Deribit SOL_USDC-PERPETUAL+0.0083%1h117.44−0.174%$26.3M$25.2M50xas long as short
Orderly PERP_SOL_USDC+0.0088%8h117.38−0.224%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.43−0.178%$13.1M$58.9M25xas long as short
Lighter RH SOL+0.0096%1h117.40−0.208%$2.1M$16.2M25xas long as short
Aevo SOL-PERPshort+0.0096%1h117.38−0.221%$344K$225K20x
Katana Perps SOL-USD+0.0100%8h117.35−0.249%$67K$838K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.42−0.187%$1.0M$516K50xas long as short
Nado SOL-PERP+0.0100%1h117.41−0.197%$5.8M$39.8M40xas long as short
Aster SOLUSDT+0.0100%8h117.37−0.235%$176.1M$177.1M100xas long as short
Pacifica SOL+0.0100%1h117.43−0.183%$14.5M$127.0M20xas long as short
Binance SOLUSDT+0.0100%8h117.44−0.173%$968.2M$3.73B100xas long as short
Bybit SOLUSDT+0.0100%8h117.44−0.170%$820.6M$1.24B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.45−0.164%$366.0M$1.63B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.61−0.028%$237K$851K10xas long as short
Arcus SOL-USD+0.0100%1h117.40−0.204%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h117.40−0.207%$134.9M$15.4M20xas long as short
Gate SOL_USDT+0.0100%8h117.39−0.215%$849.1M$641.6M100xas long as short
MEXC SOL_USDT+0.0100%8h117.44−0.173%$424.9M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.37−0.233%$130.4M$211.0M75xas long as short
Bitget SOLUSDT+0.0100%8h117.37−0.235%$486.5M$433.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.53−0.096%$23.7M$37.0M50xas long as short
Variational Omni SOL+0.0100%8h117.64−0.006%$24.3M$119.7Mas long as short
edgeX SOLUSDC+0.0100%4h117.29−0.296%$94.2M$399.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.42−0.191%$48.1M$28.6M20xas long as short
StandX SOL-USD+0.0100%1h117.59−0.045%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.36−0.241%$353K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.38−0.227%$200K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.36−0.239%$25K$28K25xas long as short
SunX SOL-USDT+0.0100%8h117.35−0.250%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.39−0.215%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.42−0.190%$45.7M$100.4M50xas long as short
Phoenix SOL+0.0101%1h117.35−0.249%$6.5M$13.4M25xas long as short
Extended SOL-USD+0.0104%1h117.34−0.255%$8.2M$36.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.56−0.070%$220.7M500xas long as short
RISEx SOL/USDC+0.0136%1h117.43−0.178%$1.9M$4.9M20xas long as short
Hyperliquid SOL+0.0158%1h117.48−0.139%$716.9M$395.6M20xas long as short
Reya SOLRUSDPERP+0.0189%1h117.33−0.264%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0218%1h117.45−0.164%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0232% / S −0.0170%1h117.37−0.233%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0365%1h117.48−0.143%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.44−0.173%$128K$3.8M8.3xas long as short