Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h −0.049%

Price spread now: HTX against Hibachi+0.052%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Hibachi Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.052%, 7d avg −0.035%

Together, before fees−0.147%+ Points / potential airdropHibachi: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and HTX is 0.087% dearer against Hibachi than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	116.61	−0.0200	get 0.0025% / 1h	18m 01s	$105K	$703K	20x
Short	HTX SOL-USDT	116.67	0.0100	get 0.0100% / 8h	3h 18m	$226.1M	$48.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee HibachibpFee HTXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $63
Price spread: +0.052% → −0.035%: $8.69
Slippage, 4 orders: −$4.62
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: $46.07
Costs to cover: 0.256%
Break-even: 1.9 days

Slippage from Hibachi: live order book, 36 min ago; HTX: live order book, 1 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 Hibachi live order book, 36 min ago	1.15 bp	6.4 bp −$6	18.1 bp −$181	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.00 bp	6.7 bp −$7	11.3 bp −$113	22.8 bp −$2,276	44.8 bp −$22.4K

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
Hibachi SOL/USDT-Plong	−0.0200%	1h	116.61	long leg	$105K	$703K	20x
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.69	+0.069%	$31.2M	$101.8M	100x	as long as short
Vest SOL-PERP	−0.0104%	1h	116.56	−0.041%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	+0.032%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0040%	8h	116.69	+0.066%	$754.9M	$1.39B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.59	−0.018%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	+0.040%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.63	+0.013%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.59	−0.020%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.72	+0.094%	$7.6M	$406.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.60	−0.011%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0066%	1h	116.63	+0.014%	$146K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.67	+0.052%	$1.0M	$5.9M	100x	as long as short
Bitget SOLUSDT	+0.0095%	8h	116.68	+0.055%	$481.5M	$446.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.68	+0.058%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	+0.057%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.66	+0.038%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.062%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	−0.007%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.57	−0.037%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.78	+0.148%	$703.7M	$395.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.72	+0.094%	$174.8M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.64	+0.020%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.76	+0.126%	$974.0M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.68	+0.058%	$368.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.59	−0.020%	$228K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.61	0.000%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.138%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.69	+0.066%	$856.2M	$666.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.73	+0.100%	$366.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.69	+0.066%	$129.1M	$223.7M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.72	+0.096%	—	$364.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.71	+0.083%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.56	−0.041%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.041%	$93.6M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.60	−0.010%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.69	+0.066%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	−0.011%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	+0.006%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	+0.038%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.59	−0.018%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.66	+0.040%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.67	+0.052%	$226.1M	$48.2M	75x
Phemex SOLUSDT	+0.0100%	8h	116.70	+0.075%	$45.4M	$103.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.67	+0.048%	$8.2M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.075%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.59	−0.020%	—	$235.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.58	−0.028%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0180%	1h	116.75	+0.114%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.60	−0.014%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.58	−0.028%	$51.9M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.65	+0.032%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.60	−0.008%	$137K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.66	+0.044%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0568%	1h	116.68	+0.060%	$25K	$51K	20x	as long as short