Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.054%

Price spread now: Aftermath Perps against Katana Perps+0.069%47s7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aftermath Perps is 0.069% dearer against Katana Perps than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	118.64	0.0100	pay 0.0100% / 8h	21m 43s	$45K	$806K	20x
Short	Aftermath Perps SOLUSD	118.72	0.0115	get 0.0014% / 1h	21m 43s	$24K	$47K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Katana Perps. 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 Katana PerpsbpFee Aftermath PerpsbpOrdersPrice spread, now +0.069%Rate

Funding earned: $3.12
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$2.75
Costs to cover: 0.128%
Break-even: 13.2 days

Slippage unknown: Katana Perps: no order-book sample; Aftermath 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Katana Perps and Aftermath 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
Hotstuff SOL-PERP	−0.0080%	1h	118.52	−0.105%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.56	−0.066%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.59	−0.041%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0020%	1h	118.38	−0.222%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.68	+0.038%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.71	+0.062%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.64	+0.001%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.72	+0.070%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0065%	1h	118.73	+0.073%	$26.6M	$26.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.71	+0.056%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0076%	8h	118.62	−0.017%	$863.4M	$683.1M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.042%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.61	−0.023%	—	$372.7M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.60	−0.032%	$230.9M	$45.1M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.61	−0.022%	$13.4M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.61	−0.022%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.47	−0.141%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.68	+0.030%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.71	+0.056%	$8.1M	$416.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.62	−0.021%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USDlong	+0.0100%	8h	118.64	long leg	$45K	$806K	20x
Nado SOL-PERP	+0.0100%	1h	118.69	+0.042%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.75	+0.093%	$718.3M	$410.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.63	−0.009%	$177.6M	$178.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.66	+0.014%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.61	−0.021%	$978.9M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.63	−0.008%	$822.8M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.61	−0.025%	$369.6M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.143%	$228K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.66	+0.017%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.245%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.62	−0.017%	$425.3M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.62	−0.017%	$137.5M	$205.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.59	−0.039%	$491.8M	$461.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.72	+0.067%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.043%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.51	−0.106%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.123%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.49	−0.126%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.67	+0.025%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.68	+0.036%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.69	+0.040%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	+0.004%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.64	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.67	+0.025%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.152%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.59	−0.044%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.62	−0.016%	$32.4M	$97.4M	100x	as long as short
Aftermath Perps SOLUSDshort	+0.0115%	1h	118.72	+0.069%	$24K	$47K	20x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.56	−0.069%	—	$226.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.70	+0.052%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.228%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.64	−0.003%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.56	−0.067%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.021%	$1.8M	$5.3M	20x	as long as short