Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.033%

Price spread now: Reya against HTX−0.051%7-day average −0.015% · you buy dearer than you sell

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

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.130%+$13 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.051%, 7d avg −0.015%

Together, before fees+0.330%+ Points / potential airdropReya: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.036% cheaper against HTX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.015%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	119.38	0.0083	pay 0.0083% / 8h	1h 20m	$232.4M	$45.0M	75x
Short	Reya SOLRUSDPERP	119.32	0.0182	get 0.0023% / 1h	20m 37s	$1.1M	$557K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.051%Rate

Funding earned: $20.78
Price spread: −0.051% → −0.015%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$0.82
Costs to cover: 0.180%
Break-even: 7.3 days

Slippage unknown: HTX: live order book, 4 min ago; Reya: 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, 4 min ago	0.00 bp	6.0 bp −$6	9.5 bp −$95	13.9 bp −$1,391	38.7 bp −$19.3K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Bluefin SOL-PERP	−0.0446%	1h	119.36	−0.017%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.28	−0.091%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	−0.089%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.31	−0.063%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	−0.076%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.37	−0.014%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.48	+0.084%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.37	−0.013%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.36	−0.017%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	−0.020%	$6.5M	$13.6M	25x	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	+0.0067%	8h	119.37	−0.012%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0069%	1h	119.33	−0.045%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	119.42	+0.027%	$26.7M	$27.7M	50x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.25	−0.112%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.30	−0.071%	—	$374.4M	—	as long as short
HTX SOL-USDTlong	+0.0083%	8h	119.38	long leg	$232.4M	$45.0M	75x
Gate SOL_USDT	+0.0089%	8h	119.26	−0.104%	$871.0M	$685.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.28	−0.087%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.26	−0.100%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.34	−0.034%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.26	−0.102%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.112%	$47K	$796K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	−0.016%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	−0.020%	$719.1M	$417.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.29	−0.077%	$178.6M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	−0.060%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.26	−0.107%	$985.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.23	−0.129%	$824.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.19	−0.162%	$371.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.003%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.34	−0.036%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	−0.085%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.29	−0.079%	$458.4M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.30	−0.074%	$140.4M	$202.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.30	−0.071%	$495.7M	$455.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.30	−0.070%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.27	−0.095%	$27.9M	$128.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.200%	$95.7M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	−0.012%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.24	−0.121%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	−0.020%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.34	−0.037%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.35	−0.024%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.36	−0.022%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.36	−0.020%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.36	−0.020%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.25	−0.111%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.39	+0.004%	$8.1M	$416.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.42	+0.034%	—	$223.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.36	−0.016%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.37	−0.015%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERPshort	+0.0182%	1h	119.32	−0.051%	$1.1M	$557K	25x
RISEx SOL/USDC	+0.0192%	1h	119.33	−0.042%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	−0.003%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	−0.045%	$52.2M	$82.9M	125x	as long as short