Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: edgeX against Hotstuff+0.043%58s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.043% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	117.26	−0.0080	get 0.0010% / 1h	35m 41s	$917	$8K	25x
Short	edgeX SOLUSDC	117.31	0.0100	get 0.0050% / 4h	1h 35m	$94.2M	$398.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $37.8
Price spread: +0.043% → 0.000%: $4.35
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $28.15
Costs to cover: 0.140%
Break-even: 1.8 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	2.56 bp	7.1 bp −$7	7.1 bp −$71	7.1 bp −$715	10.6 bp −$5,303

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
Hotstuff SOL-PERPlong	−0.0080%	1h	117.26	long leg	$917	$8K	25x
Vest SOL-PERP	−0.0060%	1h	117.30	+0.034%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.49	+0.189%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.39	+0.108%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.45	+0.159%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.43	+0.139%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.39	+0.109%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.42	+0.133%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.32	+0.050%	$102K	$693K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.53	+0.228%	$8.0M	$403.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0071%	1h	117.51	+0.214%	$26.4M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0073%	8h	117.30	+0.034%	$227.9M	$45.5M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.40	+0.116%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.47	+0.177%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.39	+0.108%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.37	+0.093%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.46	+0.166%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.36	+0.082%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.42	+0.136%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.47	+0.180%	$5.8M	$39.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.45	+0.161%	$176.8M	$178.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.42	+0.133%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.40	+0.116%	$965.7M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.44	+0.148%	$823.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.42	+0.133%	$365.8M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	+0.125%	$237K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.43	+0.139%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.159%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.43	+0.142%	$858.2M	$648.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	+0.116%	$426.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.39	+0.104%	$129.7M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.40	+0.119%	$486.6M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.46	+0.167%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	+0.152%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.31	+0.043%	$94.2M	$398.6M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.16	−0.085%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.23	−0.029%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.28	+0.014%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	+0.116%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.42	+0.135%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	+0.154%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.43	+0.142%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.47	+0.176%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.184%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.44	+0.148%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.37	+0.091%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.099%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.48	+0.188%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0166%	1h	117.50	+0.201%	$717.8M	$392.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.37	+0.086%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.099%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.36	+0.082%	$51.7M	$71.0M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.43	+0.138%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.43	+0.144%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0388%	1h	117.37	+0.094%	$25K	$51K	20x	as long as short