Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.036%

Price spread now: Derive against Aster−0.068%7-day average −0.048% · you buy dearer than you sell

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

Long on Aster Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.237%−$24 · spread now −0.068%, 7d avg −0.048%

Together, before fees−0.225%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Derive is 0.021% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	119.72	0.0100	pay 0.0100% / 8h	2h 18m	$180.2M	$175.8M	100x
Short	Derive SOL-PERP	119.64	−0.0045	pay 0.0006% / 1h	18m 55s	$2.0M	$3.2M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.068%Rate

Funding earned: −$30.42
Price spread: −0.068% → −0.048%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$46.48
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Derive: 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 Aster live order book, 5 min ago	0.42 bp	4.4 bp −$4	4.9 bp −$49	7.2 bp −$721	24.2 bp −$12.1K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.476%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.85	+0.109%	$850	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.76	+0.032%	—	$724K	20x	as long as short
Derive SOL-PERPshort	−0.0045%	1h	119.64	−0.068%	$2.0M	$3.2M	13x
dYdX SOL-USD	−0.0001%	1h	119.88	+0.131%	$5.1M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.68	−0.037%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.92	+0.169%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.81	+0.071%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.77	+0.039%	$26.9M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0023%	1h	119.61	−0.092%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0055%	8h	119.57	−0.122%	$232.9M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.86	+0.119%	$120K	$622K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.74	+0.013%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.88	+0.134%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.75	+0.029%	—	$373.1M	—	as long as short
Gate SOL_USDT	+0.0090%	8h	119.75	+0.025%	$874.5M	$687.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.71	−0.009%	$13.6M	$54.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.70	−0.020%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.72	0.000%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.91	+0.155%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.87	+0.125%	$49K	$788K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.84	+0.101%	$6.4M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.83	+0.092%	$723.5M	$413.6M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	119.72	long leg	$180.2M	$175.8M	100x
Pacifica SOL	+0.0100%	1h	119.89	+0.142%	$12.5M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.74	+0.021%	$981.6M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.76	+0.036%	$828.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.72	0.000%	$372.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.91	+0.159%	$235K	$879K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.90	+0.148%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.052%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.76	+0.033%	$439.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.77	+0.043%	$141.7M	$197.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.73	+0.006%	$500.4M	$452.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.71	−0.008%	$24.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.082%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.73	+0.007%	$96.2M	$400.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.117%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.021%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.82	+0.084%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.78	+0.050%	$373K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.74	+0.017%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.72	−0.001%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.67	−0.046%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.69	−0.025%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.73	+0.008%	$46.7M	$101.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.74	+0.016%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.74	+0.014%	$8.2M	$418.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.70	−0.020%	—	$220.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.025%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.88	+0.135%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.76	+0.038%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.69	−0.025%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.74	+0.013%	$35.7M	$91.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0172%	1h	119.70	−0.019%	$3.6M	—	200x	as long as short