Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against Phemex−0.076%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

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

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.386%+$39 · spread now −0.076%, 7d avg +0.009%

Together, before fees+0.402%+ Points / potential airdropAster: Stage 5 · farm board+$40 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 0.085% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	119.58	0.0100	pay 0.0100% / 8h	2h 16m	$46.7M	$101.4M	50x
Short	Aster SOLUSDT	119.49	0.0100	get 0.0100% / 8h	2h 16m	$179.9M	$175.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.009%: −$8.54
Slippage, 4 orders: −$4.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.58
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 3 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 Phemex live order book, 3 min ago	1.25 bp	7.9 bp −$8	8.5 bp −$85	15.2 bp −$1,521	doesn't fit
Sell Aster live order book, 3 min ago	0.42 bp	4.4 bp −$4	4.4 bp −$44	8.2 bp −$817	31.1 bp −$15.5K

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.360%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.073%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	119.45	−0.109%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.53	−0.043%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.57	−0.006%	$5.0M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.63	+0.042%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	+0.119%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.47	−0.089%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.65	+0.057%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0025%	1h	119.65	+0.058%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.57	−0.009%	$232.9M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.63	+0.038%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.66	+0.070%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.52	−0.050%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.50	−0.064%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.48	−0.084%	$872.4M	$687.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.51	−0.059%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.51	−0.060%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.60	+0.016%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.48	−0.087%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	−0.059%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.52	−0.050%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.55	−0.025%	$721.7M	$414.2M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	119.49	−0.076%	$179.9M	$175.8M	100x
Pacifica SOL	+0.0100%	1h	119.54	−0.036%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.48	−0.084%	$979.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.47	−0.096%	$826.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.44	−0.117%	$372.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	−0.084%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	−0.018%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.065%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.50	−0.067%	$435.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.51	−0.055%	$141.1M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.44	−0.120%	$499.1M	$452.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.56	−0.017%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.199%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.86	+0.234%	$96.3M	$401.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.72	+0.119%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.138%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.80	+0.184%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.46	−0.100%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.62	+0.030%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.61	+0.027%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.58	−0.004%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.57	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	119.58	long leg	$46.7M	$101.4M	50x
Extended SOL-USD	+0.0104%	1h	119.46	−0.100%	$8.8M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.63	+0.043%	$8.2M	$417.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.62	+0.034%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.142%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0092%	1h	119.63	+0.044%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.53	−0.044%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.44	−0.120%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	−0.008%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.58	−0.001%	$35.6M	$91.2M	100x	as long as short