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: Aster against Coinbase International−0.026%7-day average −0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

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

Long on Coinbase International Short on Aster

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)+0.307%+$31 · spread now −0.026%, 7d avg −0.005%

Together, before fees+0.271%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of −0.005%). If the spread goes back, that is −$2 on $10k: about 48 hours of funding at the current rate (+$1 a day).

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.026%Rate

Funding earned: $7.56
Price spread: −0.026% → −0.005%: −$2.15
Slippage, 4 orders: −$2.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.79
Costs to cover: 0.202%
Break-even: 20.7 days

Slippage from Coinbase International: live order book, 2 min ago; Aster: 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 Coinbase International live order book, 2 min ago	0.04 bp	5.4 bp −$5	9.0 bp −$90	16.7 bp −$1,671	doesn't fit
Sell Aster live order book, 2 min ago	0.43 bp	5.2 bp −$5	5.4 bp −$54	8.9 bp −$892	35.5 bp −$17.7K

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	−0.086%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.62	−0.094%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	−0.018%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.64	−0.077%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.71	−0.017%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.56	−0.143%	$1.5M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.66	−0.060%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.72	−0.009%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0064%	1h	116.73	long leg	$7.5M	$405.2M	50x
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.71	−0.014%	$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	−0.001%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.72	−0.009%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	−0.039%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	−0.021%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.086%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.69	−0.034%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	−0.040%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	+0.026%	$705.3M	$395.6M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	116.70	−0.026%	$174.9M	$182.5M	100x
Pacifica SOL	+0.0100%	1h	116.73	−0.002%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	−0.026%	$966.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.68	−0.043%	$785.7M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	−0.017%	$369.3M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.58	−0.129%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.74	+0.007%	$929K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.240%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	−0.043%	$842.9M	$659.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	−0.026%	$417.6M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.67	−0.047%	$126.5M	$218.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.69	−0.035%	$479.7M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.70	−0.027%	—	$364.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	−0.060%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.25	−0.407%	$24.4M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.260%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.244%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.171%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.257%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.034%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.69	−0.034%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.057%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	−0.042%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.71	−0.017%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.094%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	−0.026%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.063%	$7.9M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	−0.022%	—	$230.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.146%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.086%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.77	+0.037%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.66	−0.057%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.060%	$51.7M	$72.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.70	−0.023%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.70	−0.023%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.61	−0.101%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.036%	$1.9M	$4.9M	20x	as long as short