Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Katana Perps against Aevo−0.104%7-day average +0.010% · you buy dearer than you sell

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

Long on Aevo Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.104%, 7d avg +0.010%

Together, before fees+0.174%+$17 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: Katana Perps is 0.114% cheaper against Aevo than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	117.99	0.0096	pay 0.0012% / 1h	45m 26s	$346K	$264K	20x
Short	Katana Perps SOL-USD	117.87	0.0100	get 0.0100% / 8h	6h 45m	$43K	$829K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Aevo. 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 AevobpFee Katana PerpsbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0.8
Price spread: −0.104% → +0.010%: −$11.38
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$30.39
Costs to cover: 0.198%
Break-even: 274.2 days

Slippage unknown: Aevo: live order book, 24 min ago; Katana Perps: no order-book sample. 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 Aevo live order book, 24 min ago	10.53 bp	19.1 bp −$19	25.5 bp −$255	39.0 bp −$3,897	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	−0.0171%	1h	118.09	+0.083%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.00	+0.002%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.92	−0.062%	$922	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	117.87	−0.102%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0035%	8h	117.91	−0.071%	$229.3M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.91	−0.073%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0010%	8h	117.91	−0.070%	$852.3M	$653.5M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.90	−0.079%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.92	−0.060%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.03	+0.028%	$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	117.94	−0.045%	$128K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.91	−0.072%	$1.8M	$4.6M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0038%	1h	118.02	+0.025%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.95	−0.038%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.99	0.000%	$8.0M	$411.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.92	−0.066%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	117.89	−0.089%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	117.93	−0.053%	$102K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.89	−0.088%	$13.4M	$58.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.87	−0.103%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	117.99	long leg	$346K	$264K	20x
Paradex SOL-USD-PERP	+0.0099%	8h	117.89	−0.085%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USDshort	+0.0100%	8h	117.87	−0.104%	$43K	$829K	20x
Nado SOL-PERP	+0.0100%	1h	117.90	−0.078%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.90	−0.078%	$177.1M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.93	−0.054%	$14.0M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.89	−0.085%	$976.3M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.91	−0.071%	$823.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.89	−0.087%	$369.4M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.96	−0.028%	$239K	$896K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.95	−0.038%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.90	−0.078%	$422.6M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	−0.050%	$133.8M	$208.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.89	−0.085%	$489.3M	$446.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.95	−0.036%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	+0.012%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.059%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.141%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.01	+0.015%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.90	−0.078%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.89	−0.085%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.98	−0.013%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.97	−0.022%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.028%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.96	−0.028%	$45.9M	$101.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.066%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.193%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.88	−0.092%	$8.3M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0111%	1h	118.00	+0.006%	$719.1M	$402.6M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.89	−0.083%	—	$228.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.89	−0.084%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.040%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.176%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.97	−0.018%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0309%	1h	118.03	+0.034%	$25K	$51K	20x	as long as short