Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.001%

Price spread now: Coinbase International against Aster+0.024%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.024%, 7d avg +0.005%

Together, before fees−0.269%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	116.70	0.0100	pay 0.0100% / 8h	4h 32m	$174.9M	$182.5M	100x
Short	Coinbase International SOL-PERP-INTX	116.73	0.0064	get 0.0008% / 1h	32m 09s	$7.5M	$405.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$7.56
Price spread: +0.024% → +0.005%: $1.97
Slippage, 4 orders: −$2.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.79
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 2 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 Aster live order book, 2 min ago	0.43 bp	4.4 bp −$4	4.7 bp −$47	6.6 bp −$665	39.4 bp −$19.7K
Sell Coinbase International live order book, 2 min ago	0.04 bp	5.2 bp −$5	8.3 bp −$83	14.7 bp −$1,469	129.1 bp −$64.5K

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	−0.0096%	1h	116.63	−0.061%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.62	−0.070%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	+0.006%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.64	−0.053%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.71	+0.007%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	+0.031%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.66	−0.035%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.72	+0.016%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0064%	1h	116.73	+0.024%	$7.5M	$405.2M	50x
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.71	+0.010%	$31.1M	$100.3M	100x	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	+0.0091%	8h	116.73	+0.024%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.72	+0.016%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.70	+0.003%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	+0.003%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.061%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.69	−0.010%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	−0.016%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.78	+0.067%	$705.4M	$395.6M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	116.70	long leg	$174.9M	$182.5M	100x
Pacifica SOL	+0.0100%	1h	116.73	+0.022%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.72	+0.015%	$966.4M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.69	−0.010%	$785.8M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	+0.033%	$369.3M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.58	−0.104%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.74	+0.031%	$929K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.215%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.71	+0.007%	$842.9M	$659.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.72	+0.016%	$417.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.70	−0.004%	$126.5M	$218.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.70	−0.005%	$479.7M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.70	+0.003%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.70	−0.001%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.25	−0.383%	$24.4M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.236%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.219%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.147%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.233%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.010%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.69	−0.010%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.033%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	−0.017%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.71	+0.007%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.070%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	−0.001%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.038%	$7.9M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	+0.003%	—	$230.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.121%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.061%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.77	+0.061%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.66	−0.033%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.036%	$51.7M	$72.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.70	+0.001%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.70	+0.001%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.61	−0.077%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.060%	$1.9M	$4.9M	20x	as long as short