Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.001%

Price spread now: Aster against Kraken Futures−0.020%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.020%, 7d avg +0.015%

Together, before fees+0.058%+ Points / potential airdropAster: 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 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	118.63	0.0105	pay 0.0013% / 1h	10m 07s	$32.5M	$97.1M	100x
Short	Aster SOLUSDT	118.60	0.0100	get 0.0100% / 8h	10m 07s	$178.3M	$177.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$1.15
Price spread: −0.020% → +0.015%: −$3.45
Slippage, 4 orders: −$6.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.63
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Aster: live order book, 4 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 Kraken Futures live order book, 4 min ago	1.26 bp	8.1 bp −$8	10.0 bp −$100	13.8 bp −$1,385	29.0 bp −$14.5K
Sell Aster live order book, 4 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	8.3 bp −$826	27.7 bp −$13.8K

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
Derive SOL-PERP	−0.0100%	1h	118.54	−0.076%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.111%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.55	−0.062%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0021%	1h	118.58	−0.039%	$4.8M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	−0.082%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.61	−0.014%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.59	−0.028%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.62	−0.006%	$174K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.68	+0.044%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0071%	8h	118.58	−0.039%	$865.2M	$687.0M	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	+0.0076%	8h	118.63	+0.007%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.55	−0.065%	$230.8M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.054%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.61	−0.012%	—	$373.4M	—	as long as short
Lighter SOL	+0.0096%	1h	118.60	−0.020%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.59	−0.029%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.54	−0.073%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.61	−0.014%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.61	−0.018%	$8.1M	$416.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.64	+0.010%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	−0.005%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.068%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.73	+0.088%	$717.9M	$411.1M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	118.60	−0.020%	$178.3M	$177.4M	100x
Pacifica SOL	+0.0100%	1h	118.65	+0.020%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.62	−0.005%	$978.1M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.63	+0.004%	$822.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.62	−0.005%	$370.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	−0.039%	$229K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.68	+0.043%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.085%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.62	−0.005%	$425.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.62	−0.007%	$137.7M	$206.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.61	−0.012%	$492.0M	$459.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	+0.020%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.125%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	−0.071%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.53	−0.083%	$48.6M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.52	−0.089%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.62	−0.005%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.58	−0.037%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.62	−0.007%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	+0.008%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.61	−0.013%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.60	−0.022%	$46.4M	$102.6M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.054%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.60	−0.024%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0105%	1h	118.63	long leg	$32.5M	$97.1M	100x
Aftermath Perps SOLUSD	+0.0112%	1h	118.62	−0.004%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.043%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0070%	1h	118.59	−0.028%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.240%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.57	−0.043%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.123%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.028%	$1.8M	$4.9M	20x	as long as short