Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0459%/8h= −50.3% APRpaid last 24h −0.031%

Price spread now: Aster against RISEx−0.076%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.076%, 7d avg +0.006%

Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.082% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.087% in total (about -8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	116.79	0.0559	pay 0.0070% / 1h	4m 20s	$1.9M	$4.8M	20x
Short	Aster SOLUSDT	116.70	0.0100	get 0.0100% / 8h	4h 04m	$174.7M	$182.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$96.42
Price spread: −0.076% → +0.006%: −$8.25
Slippage, 4 orders: −$2.99
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$121.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Aster: live order book, 5 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 RISEx live order book, 5 min ago	0.04 bp	4.2 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.86 bp	4.9 bp −$5	5.1 bp −$51	9.3 bp −$933	54.0 bp −$27.0K

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	−0.0168%	1h	116.69	−0.087%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0098%	1h	116.66	−0.106%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.098%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	−0.027%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	−0.082%	$1.5M	$18.6M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.69	−0.086%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.70	−0.077%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.75	−0.034%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.84	+0.047%	$7.4M	$404.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.80	+0.014%	$31.0M	$100.0M	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	+0.0092%	8h	116.77	−0.013%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.021%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.80	+0.006%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	−0.026%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.67	−0.102%	$50K	$871K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.64	−0.128%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.65	−0.116%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.86	+0.061%	$705.6M	$394.2M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	116.70	−0.076%	$174.7M	$182.4M	100x
Pacifica SOL	+0.0100%	1h	116.71	−0.068%	$15.7M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.75	−0.034%	$971.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.72	−0.059%	$781.9M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	−0.008%	$369.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	−0.153%	$231K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	−0.057%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.079%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.70	−0.076%	$841.3M	$666.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.75	−0.034%	$374.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.74	−0.040%	$129.1M	$220.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.73	−0.046%	$479.6M	$440.9M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.74	−0.041%	—	$365.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	−0.111%	$23.2M	$38.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.60	−0.158%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	−0.120%	$93.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.66	−0.111%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	−0.072%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.64	−0.128%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.73	−0.051%	$320K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	−0.035%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.74	−0.045%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.70	−0.078%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.77	−0.016%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.74	−0.039%	$226.2M	$47.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.82	+0.026%	$45.7M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.71	−0.069%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.68	−0.097%	—	$231.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.059%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.71	−0.068%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0158%	1h	116.82	+0.026%	$26.4M	$23.7M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.71	−0.064%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.67	−0.102%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	−0.026%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.73	−0.047%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.75	−0.031%	$25K	$50K	20x	as long as short
RISEx SOL/USDClong	+0.0559%	1h	116.79	long leg	$1.9M	$4.8M	20x