Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Aster+0.034%7-day average −0.003% · you sell dearer than you buy

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.176%−$18 · spread now +0.034%, 7d avg −0.003%

Together, before fees−0.109%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$11 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: Ondo Perps is 0.037% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	116.26	0.0100	pay 0.0100% / 8h	3h 02m	$174.2M	$183.3M	100x
Short	Ondo Perps SOL-USD.P	116.30	0.0100	get 0.0013% / 1h	2m 20s	$218K	$860K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.003%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.3
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Ondo 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 Aster live order book, 2 min ago	0.86 bp	4.9 bp −$5	5.1 bp −$51	7.8 bp −$780	42.0 bp −$21.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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
Hibachi SOL/USDT-P	−0.0224%	1h	116.50	+0.204%	$105K	$704K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.30	+0.034%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0113%	1h	116.26	−0.001%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0092%	8h	116.20	−0.052%	$746.4M	$1.40B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.28	+0.017%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.21	−0.045%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.27	+0.012%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.35	+0.079%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.31	+0.042%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.29	+0.027%	$7.6M	$404.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.31	+0.043%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0069%	1h	116.27	+0.009%	$146K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0085%	8h	116.25	−0.005%	$480.5M	$448.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.28	+0.020%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.29	+0.026%	$13.1M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.27	+0.009%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.29	+0.027%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.24	−0.017%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.35	+0.079%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.28	+0.021%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.39	+0.112%	$700.4M	$395.7M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	116.26	long leg	$174.2M	$183.3M	100x
Pacifica SOL	+0.0100%	1h	116.35	+0.080%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.28	+0.020%	$969.7M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.27	+0.009%	$366.6M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	116.30	+0.034%	$218K	$860K	10x
Arcus SOL-USD	+0.0100%	1h	116.34	+0.071%	$923K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.27	+0.005%	$131.6M	$15.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.27	+0.009%	$857.5M	$672.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.30	+0.034%	$373.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.30	+0.033%	$122.9M	$226.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.25	−0.010%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.26	0.000%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	+0.081%	$25.1M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	+0.148%	$93.5M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.43	+0.146%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.50	+0.209%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.48	+0.189%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.28	+0.017%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.27	+0.008%	$25K	$32K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.29	+0.022%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.28	+0.017%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.30	+0.034%	$225.4M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.30	+0.034%	$45.3M	$103.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.23	−0.023%	$8.3M	$37.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.50	+0.206%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.35	+0.077%	—	$236.0M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.57	+0.267%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0152%	1h	116.35	+0.075%	$26.2M	$23.1M	50x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.27	+0.006%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	−0.017%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.28	+0.015%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.29	+0.025%	$116K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.37	+0.095%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0564%	1h	116.43	+0.143%	$25K	$52K	20x	as long as short