Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.064%

Price spread now: Hibachi against Aster+0.095%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Aster Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.340%+$34 · spread now +0.095%, 7d avg +0.032%

Together, before fees+0.312%+ Points / potential airdropAster: Stage 5 · Hibachi: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.063% dearer against Aster than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.032%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	118.68	0.0100	pay 0.0100% / 8h	2h 38m	$178.7M	$174.6M	100x
Short	Hibachi SOL/USDT-P	118.79	0.0088	get 0.0011% / 1h	38m 58s	$123K	$606K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.095%Rate

Funding earned: −$2.52
Price spread: +0.095% → +0.032%: $6.34
Slippage, 4 orders: −$3.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$16.96
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Hibachi: live order book, 50 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	4.4 bp −$4	4.4 bp −$44	4.5 bp −$446	25.3 bp −$12.6K
Sell Hibachi live order book, 50 min ago	0.76 bp	5.6 bp −$6	27.0 bp −$270	doesn't fit	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.177%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.61	−0.056%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.64	−0.038%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	+0.060%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0033%	1h	118.81	+0.110%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.70	+0.015%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.70	+0.018%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.65	−0.024%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.73	+0.046%	$26.6M	$27.7M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	118.73	+0.044%	$4.9M	$26.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0042%	1h	118.74	+0.051%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.70	+0.018%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	118.58	−0.081%	$231.0M	$43.6M	75x	as long as short
BingX SOL-USDC	+0.0070%	8h	118.70	+0.016%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.68	0.000%	$104K	$151K	20x	as long as short
Gate SOL_USDT	+0.0082%	8h	118.69	+0.008%	$857.4M	$678.6M	100x	as long as short
Hibachi SOL/USDT-Pshort	+0.0088%	1h	118.79	+0.095%	$123K	$606K	20x
Lighter SOL	+0.0096%	1h	118.65	−0.022%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.64	−0.033%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.67	−0.008%	$353K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0097%	8h	118.72	+0.036%	$143.2M	$196.6M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	−0.019%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.66	−0.017%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	+0.037%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.77	+0.076%	$716.1M	$412.6M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	118.68	long leg	$178.7M	$174.6M	100x
Pacifica SOL	+0.0100%	1h	118.74	+0.052%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.75	+0.059%	$970.9M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.77	+0.076%	$821.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.74	+0.051%	$369.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.76	+0.067%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	+0.034%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.73	+0.042%	$466.9M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.71	+0.023%	$495.6M	$448.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.68	0.000%	$24.2M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	+0.064%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	+0.027%	$95.3M	$397.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	+0.053%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	+0.101%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.65	−0.025%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.67	−0.004%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.68	−0.003%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.67	−0.006%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.64	−0.034%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.64	−0.034%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	+0.025%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.70	+0.019%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.68	−0.002%	$8.1M	$413.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.67	−0.006%	—	$217.3M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.79	+0.093%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.70	+0.015%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.68	0.000%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.65	−0.026%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.63	−0.042%	$51.6M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.66	−0.013%	$36.0M	$89.7M	100x	as long as short