Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.025%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.155% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.025%, 7d avg +0.055%

Together, before fees−0.064%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$6 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: Aster is 0.030% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	116.65	0.0104	pay 0.0013% / 1h	32m 28s	$7.9M	$36.6M	50x
Short	Aster SOLUSDT	116.68	0.0100	get 0.0100% / 8h	4h 32m	$175.4M	$182.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.84
Price spread: +0.025% → +0.055%: −$3.03
Slippage, 4 orders: −$2.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.34
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 2 min ago	0.43 bp	2.9 bp −$3	3.0 bp −$30	6.7 bp −$673	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	−0.020%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.62	−0.028%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	+0.048%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.57	−0.074%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.63	−0.017%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.56	−0.077%	$1.5M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.66	+0.006%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.72	+0.057%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.67	+0.014%	$7.5M	$405.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.66	+0.008%	$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	116.65	−0.004%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.70	+0.040%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	+0.026%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	−0.025%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.020%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.69	+0.032%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	+0.026%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	+0.092%	$705.3M	$395.6M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	116.68	+0.025%	$175.4M	$182.5M	100x
Pacifica SOL	+0.0100%	1h	116.73	+0.064%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	+0.042%	$966.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.66	+0.009%	$785.6M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	+0.040%	$369.2M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.58	−0.063%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.74	+0.073%	$929K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.174%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	+0.023%	$843.0M	$659.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	+0.040%	$417.6M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.68	+0.021%	$126.5M	$218.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.67	+0.019%	$479.7M	$441.5M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.66	+0.002%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	+0.006%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.25	−0.342%	$24.4M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.194%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.178%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.106%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.191%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	+0.032%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.61	−0.038%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.61	−0.038%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.62	−0.027%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.66	+0.006%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.59	−0.056%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.62	−0.028%	$45.6M	$101.9M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	116.65	long leg	$7.9M	$36.6M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	−0.085%	—	$229.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.080%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.020%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0179%	1h	116.72	+0.057%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.66	+0.008%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	+0.006%	$51.7M	$72.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.63	−0.023%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.70	+0.043%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0530%	1h	116.58	−0.061%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.102%	$1.9M	$4.9M	20x	as long as short