Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h 0.000%

Price spread now: Kraken Futures against Aster−0.017%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now −0.017%, 7d avg −0.015%

Together, before fees−0.097%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	119.26	0.0100	pay 0.0100% / 8h	1h 19m	$178.5M	$176.9M	100x
Short	Kraken Futures PF_SOLUSD	119.24	0.0150	get 0.0019% / 1h	19m 14s	$32.6M	$95.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.017%Rate

Funding earned: $10.4
Price spread: −0.017% → −0.015%: −$0.19
Slippage, 4 orders: −$3.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.57
Costs to cover: 0.218%
Break-even: 14.8 days

Slippage from Aster: live order book, 5 min ago; Kraken Futures: 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 Aster live order book, 5 min ago	0.42 bp	4.4 bp −$4	4.5 bp −$45	6.4 bp −$643	21.0 bp −$10.5K
Sell Kraken Futures live order book, 5 min ago	0.42 bp	6.8 bp −$7	8.4 bp −$84	11.9 bp −$1,193	20.2 bp −$10.1K

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
Bluefin SOL-PERP	−0.0404%	1h	119.26	−0.004%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.17	−0.080%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.20	−0.050%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.24	−0.019%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.23	−0.028%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.30	+0.029%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.25	−0.014%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	+0.019%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.39	+0.110%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.081%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0066%	1h	119.31	+0.039%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.27	+0.008%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.32	+0.048%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.27	+0.006%	—	$374.6M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.20	−0.054%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	119.24	−0.019%	$870.3M	$685.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0094%	1h	119.30	+0.032%	$26.7M	$27.7M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.26	−0.004%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.24	−0.019%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.22	−0.035%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.20	−0.051%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.23	−0.028%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.20	−0.049%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.35	+0.073%	$719.0M	$417.1M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	119.26	long leg	$178.5M	$176.9M	100x
Pacifica SOL	+0.0100%	1h	119.27	+0.010%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	+0.006%	$985.3M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.28	+0.019%	$826.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.24	−0.019%	$372.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.20	−0.053%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.30	+0.029%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	+0.016%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.26	−0.002%	$460.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.29	+0.021%	$140.4M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.26	−0.006%	$495.6M	$455.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.27	+0.006%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	+0.065%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	+0.095%	$95.9M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.023%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	+0.083%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.26	−0.002%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	+0.031%	$368K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.28	+0.011%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.24	−0.022%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.24	−0.019%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.26	−0.002%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.21	−0.041%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.27	+0.005%	$8.1M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.25	−0.011%	—	$224.1M	500x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0150%	1h	119.24	−0.017%	$32.6M	$95.9M	100x
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.29	+0.021%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.29	+0.026%	$1.1M	$555K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.30	+0.028%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.098%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.028%	$52.1M	$82.8M	125x	as long as short