Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Aster against Hotstuff−0.044%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.044% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SOL-PERP	118.07	−0.0080	get 0.0010% / 1h	51m 45s	$923	$8K	25x
Short	Aster SOLUSDT	118.01	0.0100	get 0.0100% / 8h	6h 51m	$177.5M	$180.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now −0.044%Rate

Funding earned: $37.8
Price spread: −0.044% → 0.000%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $20.42
Costs to cover: 0.130%
Break-even: 3.2 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 2 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	0.42 bp	5.1 bp −$5	5.4 bp −$54	9.2 bp −$923	35.0 bp −$17.5K

Hotstuff: 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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	−0.015%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.92	−0.121%	$92K	$705K	20x	as long as short
Hotstuff SOL-PERPlong	−0.0080%	1h	118.07	long leg	$923	$8K	25x
Vest SOL-PERP	−0.0078%	1h	117.94	−0.103%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0066%	8h	117.92	−0.125%	$229.3M	$44.9M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.88	−0.158%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0020%	8h	117.99	−0.064%	$847.4M	$650.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.97	−0.080%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.07	+0.004%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.01	−0.044%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	118.09	+0.025%	$131K	$4.0M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.04	−0.019%	$1.8M	$4.6M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0037%	1h	118.02	−0.040%	$26.4M	$25.3M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.98	−0.072%	$31.5M	$98.6M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.12	+0.046%	$103K	$162K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.01	−0.044%	$7.9M	$410.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.98	−0.069%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.98	−0.075%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.86	−0.171%	$13.5M	$58.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.89	−0.147%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.97	−0.082%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.04	−0.020%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.04	−0.022%	$45K	$819K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.03	−0.035%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	118.01	−0.044%	$177.5M	$180.9M	100x
Pacifica SOL	+0.0100%	1h	118.05	−0.016%	$12.9M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.97	−0.078%	$976.6M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.97	−0.083%	$821.1M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.93	−0.115%	$366.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.10	+0.029%	$255K	$909K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.08	+0.010%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.071%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.01	−0.047%	$422.5M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.00	−0.058%	$133.7M	$207.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.90	−0.138%	$489.4M	$445.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.03	−0.030%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.389%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.021%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.64	−0.363%	$48.2M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	−0.174%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.04	−0.022%	$353K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.98	−0.073%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.96	−0.091%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.95	−0.094%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.98	−0.073%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.00	−0.056%	$45.9M	$101.2M	50x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.02	−0.039%	$717.3M	$401.0M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.72	−0.293%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.98	−0.073%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.06	−0.004%	—	$228.6M	500x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.00	−0.053%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.98	−0.073%	$52.3M	$74.2M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.215%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.98	−0.075%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0290%	1h	118.04	−0.021%	$25K	$51K	20x	as long as short