Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Binance against Hotstuff+0.013%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	116.33	−0.0080	get 0.0010% / 1h	20m 18s	$1K	$8K	25x
Short	Binance SOLUSDT	116.34	0.0100	get 0.0100% / 8h	2h 20m	$969.6M	$3.88B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $37.8
Price spread: +0.013% → 0.000%: $1.33
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $24.13
Costs to cover: 0.150%
Break-even: 2.5 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 9 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.43 bp	5.4 bp −$5	6.6 bp −$66	10.0 bp −$1,004	17.4 bp −$8,720

Hotstuff: 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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.33	+0.005%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0144%	1h	116.02	−0.265%	$104K	$693K	20x	as long as short
BingX SOL-USDC	−0.0114%	8h	116.24	−0.075%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0108%	8h	116.31	−0.012%	$742.6M	$1.42B	100x	as long as short
Hotstuff SOL-PERPlong	−0.0080%	1h	116.33	long leg	$1K	$8K	25x
Vest SOL-PERP	−0.0062%	1h	116.22	−0.092%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0015%	1h	116.24	−0.077%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	−0.015%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.07	−0.224%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.23	−0.078%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0010%	1h	116.25	−0.066%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	116.26	−0.057%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.35	+0.019%	$7.8M	$404.7M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	116.29	−0.034%	$479.2M	$458.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.33	+0.006%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.32	−0.005%	$13.0M	$61.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.31	−0.017%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.33	−0.001%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.22	−0.091%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.25	−0.066%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.25	−0.070%	$5.2M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.37	+0.038%	$691.9M	$403.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.32	−0.003%	$175.9M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.27	−0.046%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	116.34	+0.013%	$969.6M	$3.88B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.34	+0.012%	$363.2M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.17	−0.134%	$216K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.30	−0.024%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.408%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.29	−0.031%	$844.5M	$670.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.35	+0.021%	$355.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	−0.011%	$125.8M	$230.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.03	−0.254%	$22.9M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.285%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.75	−0.499%	$92.9M	$407.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.418%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.493%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.10	−0.194%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.26	−0.057%	$321K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.28	−0.041%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.29	−0.033%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.31	−0.017%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.33	+0.003%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.25	−0.066%	$225.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	+0.003%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.27	−0.046%	$8.0M	$39.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.28	−0.037%	—	$239.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.573%	$4K	$2K	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0176%	1h	116.38	+0.044%	$26.3M	$22.0M	50x	as long as short
Phoenix SOL	+0.0179%	1h	115.69	−0.547%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.25	−0.064%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.10	−0.194%	$51.8M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.31	−0.018%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.34	+0.015%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0575%	1h	115.94	−0.328%	$25K	$53K	20x	as long as short