Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.027%

Price spread now: Aster against GMX−0.067%7-day average −0.021% · you buy dearer than you sell

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.125%−$13 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.067%, 7d avg −0.021%

Together, before fees−0.031%+ Points / potential airdropAster: Stage 5 · farm board−$3 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 Aster is 0.046% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	116.93	L +0.0233% / S −0.0173%	pay 0.0029% / 1h	0m 52s	$3.5M	—	200x
Short	Aster SOLUSDT	116.85	0.0100	get 0.0100% / 8h	2h 00m	$176.1M	$176.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$27.95
Price spread: −0.067% → −0.021%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.52
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.43 bp	4.4 bp −$4	4.4 bp −$44	8.1 bp −$807	95.7 bp −$47.9K

GMX: 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
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.95	+0.015%	$33.0M	$104.1M	100x	as long as short
Bybit SOLUSDT	−0.0105%	8h	116.83	−0.087%	$741.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.11	+0.153%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.02	+0.075%	$102K	$689K	20x	as long as short
Vest SOL-PERP	−0.0032%	1h	116.91	−0.016%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.86	−0.062%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.93	−0.001%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.98	+0.043%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.97	+0.035%	$110K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.96	+0.025%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	116.95	+0.016%	$101K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.95	+0.020%	$8.0M	$407.7M	50x	as long as short
Bitget SOLUSDT	+0.0059%	8h	116.85	−0.068%	$481.7M	$462.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.92	−0.009%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.92	−0.010%	$13.1M	$61.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.90	−0.025%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.91	−0.015%	$352K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.91	−0.022%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.89	−0.035%	$62K	$911K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.90	−0.026%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.96	+0.025%	$701.0M	$408.5M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	116.85	−0.067%	$176.1M	$176.9M	100x
Pacifica SOL	+0.0100%	1h	116.96	+0.025%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.86	−0.060%	$970.7M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.84	−0.078%	$372.0M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.99	+0.050%	$219K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.93	+0.001%	$908K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.100%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.88	−0.044%	$846.0M	$677.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.91	−0.018%	$364.8M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.92	−0.014%	$129.0M	$231.7M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.84	−0.075%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.92	−0.010%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	−0.058%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.98	+0.042%	$93.9M	$411.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.04	+0.094%	$47.9M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.13	+0.167%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.04	+0.093%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.90	−0.027%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.94	+0.009%	$236K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.91	−0.018%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.91	−0.021%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.91	−0.018%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.91	−0.016%	$226.4M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.91	−0.018%	$45.5M	$105.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.87	−0.057%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.99	+0.051%	—	$238.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0172%	1h	117.00	+0.058%	$26.5M	$22.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	+0.136%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.18	+0.213%	$6.6M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.87	−0.048%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.90	−0.027%	$52.0M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0233% / S −0.0173%	1h	116.93	long leg	$3.5M	—	200x
Aftermath Perps SOLUSD	+0.0492%	1h	117.01	+0.067%	$25K	$56K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	117.00	+0.057%	$2.1M	$4.9M	20x	as long as short