Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against HTX+0.054%7-day average — · you sell dearer than you buy

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

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.054% dearer against HTX than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	117.81	0.0100	pay 0.0100% / 8h	5h 10m	$228.8M	$45.5M	75x
Short	gTrade (Gains Network) SOL/USD	117.87	L −0.0001% / S +0.0004%	pay 0.0001% / 1h	10m 51s	$57K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against HTX. 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 HTXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.054%Rate

Funding earned: −$21.86
Price spread: +0.054% → 0.000%: $5.37
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.48
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 3 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 3 min ago	0.68 bp	6.7 bp −$7	10.1 bp −$101	18.6 bp −$1,856	41.9 bp −$20.9K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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-PERP	−0.0080%	1h	117.75	−0.051%	$921	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0079%	1h	117.88	+0.062%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.74	−0.055%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.93	+0.102%	$31.6M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.82	+0.011%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USDshort	L −0.0001% / S +0.0004%	1h	117.87	+0.054%	$57K	—	150x
dYdX SOL-USD	0.0000%	1h	117.73	−0.065%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.85	+0.033%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.84	+0.028%	$100K	$166K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.95	+0.121%	$7.9M	$404.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	117.91	+0.089%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.91	+0.091%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.90	+0.077%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.92	+0.096%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.80	−0.006%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.79	−0.016%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.72	−0.074%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.95	+0.121%	$177.6M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.80	−0.002%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.98	+0.148%	$972.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	+0.165%	$832.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.97	+0.139%	$366.6M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.62	−0.158%	$234K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.82	+0.008%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.134%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.93	+0.105%	$860.0M	$654.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.97	+0.139%	$426.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	+0.104%	$130.9M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.95	+0.121%	$488.9M	$431.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.98	+0.148%	—	$363.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.93	+0.105%	$23.7M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	−0.029%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	+0.026%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.100%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	+0.020%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.72	−0.074%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.82	+0.011%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	+0.032%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	+0.080%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.91	+0.088%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDTlong	+0.0100%	8h	117.81	long leg	$228.8M	$45.5M	75x
Phemex SOLUSDT	+0.0100%	8h	117.92	+0.096%	$46.0M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.81	+0.003%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.92	+0.100%	$8.2M	$36.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0109%	1h	117.97	+0.138%	$26.5M	$24.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.69	−0.096%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.071%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.90	+0.078%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0175%	1h	118.04	+0.198%	$722.2M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.80	−0.009%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.269%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	+0.037%	$52.0M	$71.6M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.81	+0.005%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.84	+0.031%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0416%	1h	117.89	+0.075%	$25K	$52K	20x	as long as short