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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h +0.227%
Price spread now: Injective against Hotstuff+0.241%45s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.241% dearer against Hotstuff than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SOL-PERP116.22−0.0080get 0.0010% / 1h56m 02s$1K$8K25x
ShortInjective SOL/USDC PERP116.500.0173get 0.0022% / 1h56m 02s$4K$2K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$53.12
Price spread: +0.241% → 0.000%
$24.09
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$72.19
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Hotstuff: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Injective no order-book sample
Hotstuff and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi SOL/USDT-P−0.0240%1h116.46+0.206%$105K$705K20xas long as short
Kraken Futures PF_SOLUSD−0.0240%1h116.40+0.152%$31.6M$103.1M100xas long as short
Vest SOL-PERP−0.0120%1h116.30+0.069%$601K20xas long as short
Bybit SOLUSDT−0.0101%8h116.32+0.088%$745.2M$1.41B100xas long as short
Hotstuff SOL-PERPlong−0.0080%1h116.22long leg$1K$8K25x
Derive SOL-PERP−0.0025%1h116.32+0.085%$1.9M$2.9M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.42+0.171%$42K150xas long as short
dYdX SOL-USD0.0000%1h116.35+0.112%$4.4M$24.2M20xas long as short
01 Exchange SOLUSD0.0000%1h116.35+0.112%$99K$175K20xas long as short
Kalshi KXSOLPERP0.0000%8h116.39+0.151%$1.4M$19.1M3.1xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet SOL-USD+0.0039%1h116.39+0.143%$147K$1.6M20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.40+0.156%$7.8M$405.4M50xas long as short
Bitget SOLUSDT+0.0081%8h116.38+0.134%$480.7M$449.4M100xas long as short
Orderly PERP_SOL_USDC+0.0095%8h116.41+0.164%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.38+0.138%$13.0M$60.4M25xas long as short
Lighter RH SOL+0.0096%1h116.38+0.138%$2.2M$16.5M25xas long as short
Aevo SOL-PERP+0.0096%1h116.38+0.139%$350K$247K20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0096%1h116.45+0.194%$26.2M$22.9M50xas long as short
Katana Perps SOL-USD+0.0099%8h116.29+0.060%$60K$899K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.37+0.132%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.31+0.076%$5.3M$40.4M40xas long as short
Hyperliquid SOL+0.0100%1h116.46+0.207%$698.8M$397.5M20xas long as short
Aster SOLUSDT+0.0100%8h116.36+0.122%$174.3M$183.4M100xas long as short
Pacifica SOL+0.0100%1h116.40+0.152%$15.8M$130.4M20xas long as short
Binance SOLUSDT+0.0100%8h116.38+0.141%$969.4M$3.84B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.39+0.146%$366.8M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.36+0.120%$211K$867K10xas long as short
Arcus SOL-USD+0.0100%1h116.38+0.140%$917K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.27+0.039%$131.6M$15.2M20xas long as short
Gate SOL_USDT+0.0100%8h116.38+0.138%$850.6M$657.3M100xas long as short
MEXC SOL_USDT+0.0100%8h116.39+0.146%$362.6M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.39+0.142%$123.8M$227.3M75xas long as short
BingX SOL-USDT+0.0100%8h116.37+0.132%$365.4Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.38+0.138%$23.0M$40.1M50xas long as short
Variational Omni SOL+0.0100%8h116.34+0.107%$25.0M$114.2Mas long as short
edgeX SOLUSDC+0.0100%4h116.28+0.051%$93.3M$402.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.30+0.069%$47.6M$30.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.38+0.138%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.42+0.172%$1.3M$11.9M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.32+0.086%$320K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.40+0.156%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h116.33+0.097%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.39+0.146%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.36+0.121%$225.5M$48.4M75xas long as short
Phemex SOLUSDT+0.0100%8h116.38+0.138%$45.3M$103.6M50xas long as short
Extended SOL-USD+0.0104%1h116.34+0.107%$8.1M$38.4M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.37+0.129%$236.5M500xas long as short
Phoenix SOL+0.0151%1h116.36+0.120%$6.5M$13.5M25xas long as short
Injective SOL/USDC PERPshort+0.0173%1h116.50+0.241%$4K$2K12x
Reya SOLRUSDPERP+0.0192%1h116.31+0.081%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h116.44+0.189%$51.9M$67.2M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0169%1h116.41+0.160%$3.6M200xas long as short
Perpl SOL+0.0335%43m116.39+0.151%$112K$3.7M8.3xas long as short
RISEx SOL/USDC+0.0547%1h116.42+0.170%$1.9M$4.8M20xas long as short
Aftermath Perps SOLUSD+0.0569%1h116.43+0.183%$25K$52K20xas long as short