Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.001%

Price spread now: Katana Perps against Aevo−0.048%7-day average +0.011% · you buy dearer than you sell

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

Long on Aevo Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.048%, 7d avg +0.011%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.059% cheaper against Aevo than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	116.77	0.0096	pay 0.0012% / 1h	31m 54s	$347K	$244K	20x
Short	Katana Perps SOL-USD	116.71	0.0099	get 0.0099% / 8h	3h 31m	$61K	$895K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Aevo. 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 AevobpFee Katana PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0.64
Price spread: −0.048% → +0.011%: −$5.9
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$25.06
Costs to cover: 0.198%
Break-even: 281.7 days

Slippage unknown: Aevo: live order book, 22 min ago; Katana Perps: 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 Aevo live order book, 22 min ago	35.14 bp	47.3 bp −$47	56.1 bp −$561	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.75	−0.013%	$31.0M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	116.78	+0.009%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0089%	1h	116.71	−0.045%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.77	+0.005%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.77	0.000%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.84	+0.060%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0009%	1h	116.82	+0.046%	$4.4M	$24.2M	20x	as long as short
Bybit SOLUSDT	+0.0029%	8h	116.69	−0.065%	$761.6M	$1.38B	100x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.70	−0.054%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.76	−0.005%	$7.6M	$405.0M	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	+0.0072%	1h	116.78	+0.012%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.77	+0.005%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.75	−0.015%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.74	−0.026%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	116.77	long leg	$347K	$244K	20x
Katana Perps SOL-USDshort	+0.0099%	8h	116.71	−0.048%	$61K	$895K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	+0.029%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.74	−0.019%	$5.5M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.86	+0.081%	$705.4M	$394.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.73	−0.030%	$174.8M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.83	+0.059%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.79	+0.021%	$974.9M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	+0.012%	$367.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.79	+0.021%	$229K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.79	+0.021%	$922K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	−0.013%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.72	−0.039%	$852.9M	$662.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.74	−0.022%	$366.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.73	−0.029%	$129.2M	$223.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.76	−0.007%	$481.8M	$444.9M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.75	−0.015%	—	$365.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.74	−0.022%	$23.1M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	−0.027%	$24.5M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.84	+0.065%	$93.8M	$400.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.87	+0.089%	$47.8M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.97	+0.177%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.029%	$1.3M	$12.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	−0.022%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	−0.015%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.76	−0.009%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.75	−0.012%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.75	−0.014%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.76	−0.003%	$226.3M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.76	−0.005%	$45.7M	$103.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.69	−0.064%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.192%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.81	+0.035%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	117.04	+0.235%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0169%	1h	116.82	+0.042%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.70	−0.054%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.78	+0.012%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	−0.004%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.82	+0.045%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0523%	1h	116.85	+0.070%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.84	+0.065%	$1.9M	$4.8M	20x	as long as short