Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: HTX against Phemex−0.025%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.025%, 7d avg −0.014%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	116.71	0.0100	pay 0.0100% / 8h	3h 19m	$45.5M	$103.2M	50x
Short	HTX SOL-USDT	116.68	0.0100	get 0.0100% / 8h	3h 19m	$226.2M	$48.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.014%: −$1.09
Slippage, 4 orders: −$5.08
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.17
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 5 min ago.

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 Phemex live order book, 5 min ago	0.43 bp	8.8 bp −$9	16.0 bp −$160	25.4 bp −$2,542	doesn't fit
Sell HTX live order book, 5 min ago	0.00 bp	6.0 bp −$6	9.9 bp −$99	22.1 bp −$2,211	44.4 bp −$22.2K

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
Hibachi SOL/USDT-P	−0.0200%	1h	116.67	−0.035%	$105K	$703K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.72	+0.010%	$31.2M	$101.8M	100x	as long as short
Vest SOL-PERP	−0.0103%	1h	116.58	−0.113%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	−0.051%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0035%	8h	116.51	−0.171%	$754.3M	$1.39B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.53	−0.154%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.60	−0.092%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.64	−0.056%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.65	−0.054%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.70	−0.010%	$7.6M	$405.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.64	−0.060%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0068%	1h	116.57	−0.122%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.61	−0.086%	$1.0M	$5.9M	100x	as long as short
Bitget SOLUSDT	+0.0095%	8h	116.58	−0.111%	$481.1M	$446.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.69	−0.021%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	−0.027%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	−0.078%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.55	−0.137%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.61	−0.086%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	−0.097%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.70	−0.009%	$703.2M	$395.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.59	−0.106%	$174.6M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.64	−0.058%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.58	−0.111%	$972.5M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.60	−0.094%	$367.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.60	−0.094%	$228K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.63	−0.066%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.221%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.59	−0.103%	$854.8M	$666.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.61	−0.086%	$365.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.61	−0.087%	$128.9M	$223.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.57	−0.118%	—	$366.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	−0.043%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.56	−0.125%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.124%	$93.6M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.60	−0.093%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.69	−0.017%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.65	−0.051%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	−0.094%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	−0.092%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.70	−0.007%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.70	−0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.68	−0.025%	$226.2M	$48.2M	75x
Phemex SOLUSDTlong	+0.0100%	8h	116.71	long leg	$45.5M	$103.2M	50x
Extended SOL-USD	+0.0104%	1h	116.55	−0.140%	$8.2M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	−0.009%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.70	−0.005%	—	$235.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.58	−0.111%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0175%	1h	116.77	+0.049%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.57	−0.119%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.043%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.59	−0.099%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.59	−0.105%	$138K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.69	−0.021%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0568%	1h	116.68	−0.025%	$25K	$51K	20x	as long as short