Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Backpack+0.023%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.587%+$59 · spread now +0.023%, 7d avg −0.093%

Together, before fees+0.517%+ Points / potential airdropAster: Stage 5 · farm board+$52 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: Aster is 0.116% dearer against Backpack than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	118.83	0.0100	pay 0.0013% / 1h	41m 02s	$24.2M	$37.2M	50x
Short	Aster SOLUSDT	118.86	0.0100	get 0.0100% / 8h	7h 41m	$178.6M	$176.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.093%: $11.64
Slippage, 4 orders: −$2.33
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.7
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; Aster: live order book, 3 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 Backpack live order book, 3 min ago	0.42 bp	5.5 bp −$6	7.2 bp −$72	9.9 bp −$985	1786.7 bp −$893.4K
Sell Aster live order book, 3 min ago	0.42 bp	4.4 bp −$4	4.4 bp −$44	7.4 bp −$741	32.6 bp −$16.3K

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
Hotstuff SOL-PERP	−0.0080%	1h	118.78	−0.046%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.76	−0.063%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.78	−0.046%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	−0.0014%	8h	118.75	−0.070%	$231.0M	$44.2M	75x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.88	+0.043%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.81	−0.018%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	+0.015%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.83	−0.003%	$1.2M	$20.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.77	−0.052%	$154K	$3.9M	8.3x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	118.79	−0.034%	$104K	$159K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOLUSDT	+0.0068%	8h	118.80	−0.025%	$46.5M	$100.7M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.85	+0.019%	$121K	$632K	20x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.177%	$1.5M	$6.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0080%	8h	118.87	+0.030%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.81	−0.021%	—	$368.1M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.88	+0.039%	$8.1M	$413.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.82	−0.009%	$14.1M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	−0.009%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	+0.033%	$348K	$276K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.76	−0.063%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.77	−0.050%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	−0.058%	$5.9M	$41.0M	40x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	118.86	+0.023%	$178.6M	$176.6M	100x
Pacifica SOL	+0.0100%	1h	118.81	−0.017%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.81	−0.017%	$978.6M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.84	+0.008%	$822.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.85	+0.017%	$371.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.042%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.81	−0.013%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.235%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.80	−0.025%	$858.4M	$662.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.84	+0.008%	$427.1M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.83	−0.003%	$137.9M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.80	−0.029%	$493.0M	$443.4M	100x	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	118.83	long leg	$24.2M	$37.2M	50x
Variational Omni SOL	+0.0100%	8h	118.79	−0.037%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	−0.083%	$95.4M	$403.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.86	+0.021%	$48.7M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.83	0.000%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.80	−0.025%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	−0.002%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	+0.002%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.83	−0.002%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.85	+0.017%	$6.2M	$10.8M	20x	as long as short
Hyperliquid SOL	+0.0102%	1h	118.92	+0.076%	$720.4M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	+0.002%	$8.7M	$35.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	118.91	+0.069%	$26.6M	$24.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.87	+0.034%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.80	−0.023%	—	$221.8M	500x	as long as short
Aftermath Perps SOLUSD	+0.0156%	1h	118.74	−0.073%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.79	−0.032%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0080%	1h	118.84	+0.011%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.143%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.79	−0.031%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.017%	$52.0M	$78.5M	125x	as long as short