Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: SoDEX against Aster−0.105%45s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.180% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.579%−$58 · spread now −0.105%, 7d avg −0.019%

Together, before fees−0.587%+ Points / potential airdropAster: Stage 5 · farm board−$59 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: SoDEX is 0.085% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	117.47	0.0100	pay 0.0100% / 8h	5h 43m	$176.3M	$176.7M	100x
Short	SoDEX SOL-USD	117.35	0.0100	get 0.0013% / 1h	43m 34s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.019%: −$8.54
Slippage, 4 orders: −$2.03
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.57
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; SoDEX: live order book, 1 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, 6 min ago	0.43 bp	4.8 bp −$5	5.2 bp −$52	7.5 bp −$748	26.2 bp −$13.1K
Sell SoDEX live order book, 1 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	16.5 bp −$1,651	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
Hotstuff SOL-PERP	−0.0080%	1h	117.36	−0.092%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.35	−0.102%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.34	−0.109%	$31.5M	$98.1M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.27	−0.170%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.32	−0.130%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.46	−0.012%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	−0.039%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDT	+0.0047%	8h	117.27	−0.175%	$227.8M	$45.6M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0056%	1h	117.39	−0.074%	$26.4M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.41	−0.054%	$100K	$163K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.37	−0.088%	$8.0M	$402.5M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.34	−0.117%	$100K	$691K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.41	−0.053%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.37	−0.089%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.47	0.000%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.45	−0.017%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.34	−0.110%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.36	−0.096%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.45	−0.018%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.42	−0.041%	$5.8M	$39.6M	40x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	117.47	long leg	$176.3M	$176.7M	100x
Pacifica SOL	+0.0100%	1h	117.50	+0.023%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.40	−0.059%	$966.9M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.42	−0.047%	$820.2M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.40	−0.062%	$365.5M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.21	−0.224%	$237K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.43	−0.035%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	−0.020%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.46	−0.011%	$858.2M	$646.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.44	−0.028%	$424.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.46	−0.009%	$130.1M	$212.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.41	−0.055%	$486.2M	$433.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.36	−0.096%	$23.6M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	−0.093%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	−0.072%	$94.3M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.27	−0.177%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.48	+0.006%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	−0.079%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	−0.062%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.32	−0.131%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.33	−0.119%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.35	−0.106%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	117.35	−0.105%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	117.37	−0.088%	$45.7M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.39	−0.072%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.48	+0.003%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.074%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.47	−0.001%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0161%	1h	117.58	+0.091%	$718.0M	$393.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.40	−0.061%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.079%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.47	−0.003%	—	$70.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.31	−0.136%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0381%	1h	117.40	−0.061%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.40	−0.061%	$128K	$3.8M	8.3x	as long as short