Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%

Price spread now: Perpl against Aster−0.025%7-day average −0.026% · you buy dearer than you sell

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

Long on Aster Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.025%, 7d avg −0.026%

Together, before fees−0.214%+ Points / potential airdropAster: Stage 5 · Perpl: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$3 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	116.46	0.0100	pay 0.0100% / 8h	2h 19m	$176.1M	$176.9M	100x
Short	Perpl SOL	116.43	0	get 0.0000% / 43m	42m 24s	$113K	$3.7M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$21
Price spread: −0.025% → −0.026%: $0.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$42.77
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Perpl: 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, 5 min ago	0.43 bp	4.4 bp −$4	4.4 bp −$44	7.1 bp −$713	33.7 bp −$16.8K
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.43	−0.021%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0136%	1h	116.29	−0.139%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0112%	8h	116.45	−0.001%	—	$369.6M	—	as long as short
Bybit SOLUSDT	−0.0108%	8h	116.42	−0.032%	$742.9M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	−0.025%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0059%	1h	116.38	−0.066%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0015%	1h	116.37	−0.077%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.46	0.000%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.07	−0.335%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	116.43	−0.025%	$113K	$3.7M	8.3x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0010%	1h	116.43	−0.023%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	116.43	−0.022%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.43	−0.025%	$7.8M	$405.0M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.41	−0.041%	$479.5M	$458.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.45	0.000%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.39	−0.056%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.39	−0.056%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.44	−0.014%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.35	−0.091%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.42	−0.027%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.37	−0.073%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.52	+0.055%	$692.5M	$403.9M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	116.46	long leg	$176.1M	$176.9M	100x
Pacifica SOL	+0.0100%	1h	116.42	−0.026%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.46	+0.006%	$970.6M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.44	−0.013%	$364.2M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.36	−0.082%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.44	−0.018%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.519%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.45	−0.005%	$842.3M	$671.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.47	+0.012%	$355.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.45	0.000%	$126.7M	$230.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.35	−0.091%	$22.9M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.396%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.335%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.528%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.603%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	−0.194%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.43	−0.022%	$320K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.45	−0.006%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.44	−0.010%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.45	−0.008%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.44	−0.013%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.25	−0.178%	$225.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	−0.108%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.39	−0.056%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	+0.004%	—	$239.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.49	+0.033%	$26.3M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.683%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.073%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.40	−0.050%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.10	−0.305%	$51.8M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.45	−0.007%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.48	+0.021%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0569%	1h	116.03	−0.367%	$25K	$55K	20x	as long as short