Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.162%

Price spread now: HTX against Injective−0.509%65s7-day average — · you buy dearer than you sell

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.509% cheaper against Injective than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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	Injective SOL/USDC PERP	118.91	0.0170	pay 0.0021% / 1h	23m 30s	$4K	$2K	12x
Short	HTX SOL-USDT	118.30	0.0083	get 0.0083% / 8h	23m 30s	$230.3M	$45.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −0.509%Rate

Funding earned: −$18.44
Price spread: −0.509% → 0.000%: −$50.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$81.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; HTX: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	0.00 bp	6.8 bp −$7	8.7 bp −$87	15.6 bp −$1,558	43.8 bp −$21.9K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SOL-PERP	−0.0080%	1h	118.42	−0.413%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.40	−0.431%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.36	−0.466%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0020%	1h	118.38	−0.448%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0014%	1h	118.51	−0.336%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.51	−0.338%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.45	−0.389%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.45	−0.384%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.46	−0.382%	$26.5M	$26.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.52	−0.328%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0078%	8h	118.48	−0.362%	$862.2M	$682.4M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.46	−0.378%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.49	−0.350%	—	$372.2M	—	as long as short
HTX SOL-USDTshort	+0.0083%	8h	118.30	−0.509%	$230.3M	$45.1M	75x
Lighter SOL	+0.0096%	1h	118.42	−0.415%	$13.4M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.39	−0.442%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.47	−0.368%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.36	−0.459%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.43	−0.402%	$8.1M	$414.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.44	−0.399%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.38	−0.446%	$45K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.51	−0.336%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.54	−0.311%	$717.0M	$409.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.50	−0.345%	$177.4M	$178.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.50	−0.345%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.48	−0.359%	$977.8M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.53	−0.320%	$822.1M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.43	−0.404%	$367.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.370%	$232K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.45	−0.384%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.017%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.45	−0.387%	$427.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.45	−0.383%	$137.3M	$205.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.43	−0.405%	$490.8M	$460.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.39	−0.437%	$24.0M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	−0.184%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.51	−0.333%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	−0.104%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.47	−0.370%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.46	−0.378%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.49	−0.354%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.44	−0.395%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.37	−0.451%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.38	−0.446%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.41	−0.420%	$46.3M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.378%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.40	−0.428%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.40	−0.430%	$32.4M	$97.3M	100x	as long as short
Aftermath Perps SOLUSD	+0.0114%	1h	118.74	−0.142%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.39	−0.435%	—	$226.6M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.51	−0.340%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERPlong	+0.0170%	1h	118.91	long leg	$4K	$2K	12x
Reya SOLRUSDPERP	+0.0184%	1h	118.44	−0.395%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.57	−0.286%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.45	−0.390%	$1.6M	$5.2M	20x	as long as short