Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.022%

Price spread now: Deribit against Aster+0.023%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.023%, 7d avg +0.007%

Together, before fees−0.285%+ Points / potential airdropAster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$3 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	119.61	0.0100	pay 0.0100% / 8h	1h 39m	$179.0M	$175.9M	100x
Short	Deribit SOL_USDC-PERPETUAL	119.64	0.0010	get 0.0001% / 1h	39m 19s	$26.8M	$27.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$18.9
Price spread: +0.023% → +0.007%: $1.62
Slippage, 4 orders: −$3.35
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.63
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Deribit: 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 Aster live order book, 5 min ago	0.42 bp	5.0 bp −$5	5.2 bp −$52	7.5 bp −$750	38.5 bp −$19.3K
Sell Deribit live order book, 5 min ago	0.04 bp	3.9 bp −$4	5.6 bp −$56	18.6 bp −$1,865	doesn't fit

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	−0.0358%	1h	119.58	−0.025%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.49	−0.103%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.58	−0.021%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.58	−0.026%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.62	+0.012%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.61	+0.003%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.65	+0.036%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.61	0.000%	$178K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0010%	1h	119.64	+0.023%	$26.8M	$27.6M	50x
Hibachi SOL/USDT-P	+0.0016%	1h	119.81	+0.166%	$120K	$611K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SOL	+0.0054%	1h	119.84	+0.193%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0065%	1h	119.56	−0.044%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.60	−0.008%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0077%	8h	119.56	−0.040%	$232.9M	$44.6M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.57	−0.030%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.59	−0.017%	$872.0M	$679.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.62	+0.012%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.59	−0.017%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.62	+0.009%	$105K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.56	−0.045%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.56	−0.046%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.58	−0.025%	$45K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.58	−0.028%	$6.2M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.70	+0.075%	$721.7M	$414.5M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	119.61	long leg	$179.0M	$175.9M	100x
Pacifica SOL	+0.0100%	1h	119.63	+0.018%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.63	+0.017%	$989.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.61	+0.004%	$826.7M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.59	−0.017%	$372.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.74	+0.109%	$234K	$889K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.64	+0.024%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.60	−0.008%	$458.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.60	−0.009%	$141.3M	$199.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.56	−0.040%	$496.3M	$454.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.77	+0.134%	$24.2M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.76	+0.127%	$27.8M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.71	+0.082%	$96.1M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.74	+0.111%	$49.0M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.73	+0.100%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.78	+0.142%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.58	−0.025%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.59	−0.013%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.56	−0.041%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.60	−0.008%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.64	+0.025%	$46.7M	$101.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.116%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.55	−0.052%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.64	+0.025%	$8.2M	$415.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.64	+0.027%	—	$222.2M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.61	−0.001%	$32.6M	$95.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.60	−0.010%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.58	−0.023%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.61	0.000%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.401%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.62	+0.009%	$52.1M	$82.9M	125x	as long as short