Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0307%/8h= +33.7% APRpaid last 24h −0.023%

Price spread now: Aster against Hibachi−0.018%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$240.237% of the position

Long on Hibachi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.417%−$42 · spread now −0.018%, 7d avg −0.031%

Together, before fees−0.380%+ Points / potential airdropHibachi: Active · Aster: Stage 5 · farm board−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.37	−0.0264	get 0.0033% / 1h	56m 38s	$100K	$647K	20x
Short	Aster SOLUSDT	117.35	0.0043	get 0.0043% / 8h	5h 56m	$178.0M	$155.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hibachi. 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 HibachibpFee AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: $64.54
Price spread: −0.018% → −0.031%: $1.29
Slippage, 4 orders: −$6.7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $42.13
Costs to cover: 0.237%
Break-even: 2.4 days

Slippage from Hibachi: live order book, 55 min ago; Aster: live order book, 6 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 Hibachi live order book, 55 min ago	0.94 bp	7.6 bp −$8	23.8 bp −$238	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.43 bp	4.4 bp −$4	4.4 bp −$44	7.0 bp −$696	42.4 bp −$21.2K

SOL on 54 exchanges

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-Plong	−0.0264%	1h	117.37	long leg	$100K	$647K	20x
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.058%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0052%	8h	117.33	−0.034%	$735.4M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0008%	1h	117.34	−0.023%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	−0.015%	$41K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.35	−0.015%	$9.3M	$17.9M	20x	as long as short
Perpl SOL	0.0000%	43m	117.35	−0.012%	$99K	$2.9M	8.3x	as long as short
Vest SOL-PERP	+0.0008%	1h	117.32	−0.043%	—	$272K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0016%	1h	117.40	+0.024%	$26.4M	$18.6M	50x	as long as short
Bitget SOLUSDT	+0.0029%	8h	117.31	−0.047%	$483.0M	$398.2M	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.38	+0.008%	$8.4M	$370.2M	50x	as long as short
Aster SOLUSDTshort	+0.0043%	8h	117.35	−0.018%	$178.0M	$155.5M	100x
Orderly PERP_SOL_USDC	+0.0051%	8h	117.34	−0.022%	$997K	$5.2M	100x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.34	−0.023%	$101K	$181K	20x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.28	−0.077%	$348K	$258K	20x	as long as short
Binance SOLUSDT	+0.0082%	8h	117.34	−0.021%	$972.0M	$3.43B	100x	as long as short
MEXC SOL_USDT	+0.0082%	8h	117.32	−0.040%	$430.0M	$910.4M	300x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.38	+0.009%	$32.6M	$92.2M	100x	as long as short
Gate SOL_USDT	+0.0092%	8h	117.33	−0.032%	$843.5M	$584.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.38	+0.013%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.37	+0.002%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.36	−0.004%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.057%	$45K	$879K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	−0.053%	$5.7M	$39.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.41	+0.034%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.31	−0.049%	$362.1M	$1.56B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.27	−0.083%	$223K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.39	+0.018%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	−0.016%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.37	+0.002%	$134.6M	$228.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.33	−0.027%	—	$333.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.015%	$23.3M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.25	−0.102%	$25.1M	$100.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.24	−0.110%	$94.1M	$381.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	−0.015%	$48.0M	$25.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.37	+0.001%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	−0.066%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.32	−0.040%	$324K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.36	−0.010%	$285K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.32	−0.041%	$27K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.30	−0.061%	$190K	$1.5M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.36	−0.009%	$227.0M	$41.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.35	−0.015%	$45.6M	$99.4M	50x	as long as short
Kalshi KXSOLPERP	+0.0100%	8h	117.36	−0.005%	$1.3M	$15.8M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.27	−0.084%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.33	−0.034%	—	$210.5M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.51	+0.122%	$6.6M	$11.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.29	−0.070%	$1.1M	$93K	25x	as long as short
BloFin SOL-USDT	+0.0203%	8h	117.33	−0.032%	$51.6M	$57.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.441%	$4K	$117	12x	as long as short
Hyperliquid SOL	+0.0217%	1h	117.47	+0.088%	$723.8M	$366.4M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.35	−0.013%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.35	−0.016%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0385%	1h	117.38	+0.015%	$25K	$52K	20x	as long as short