Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.028%

Price spread now: Aster against Reya+0.157%7-day average +0.025% · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.157%, 7d avg +0.025%

Together, before fees−0.269%+ Points / potential airdropReya: Active · Aster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.132% dearer against Reya than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.025%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SOLRUSDPERP	116.46	0.0190	pay 0.0024% / 1h	40m 45s	$1.1M	$539K	25x
Short	Aster SOLUSDT	116.64	0.0100	get 0.0100% / 8h	4h 40m	$175.3M	$182.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.157%Rate

Funding earned: −$18.87
Price spread: +0.157% → +0.025%: $13.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.43 bp	5.0 bp −$5	5.3 bp −$53	8.6 bp −$860	54.4 bp −$27.2K

Reya: 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
Vest SOL-PERP	−0.0090%	1h	116.45	−0.004%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.50	+0.036%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	116.59	+0.114%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.47	+0.007%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	+0.071%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.51	+0.042%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	0.0000%	1h	116.46	−0.001%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.54	+0.071%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.55	+0.080%	$7.5M	$404.3M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.56	+0.092%	$31.0M	$100.4M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.55	+0.079%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.57	+0.094%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.55	+0.081%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.56	+0.086%	$342K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.47	+0.011%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.57	+0.097%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.030%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.73	+0.234%	$706.2M	$395.8M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	116.64	+0.157%	$175.3M	$182.1M	100x
Pacifica SOL	+0.0100%	1h	116.54	+0.068%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	+0.182%	$965.8M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.61	+0.131%	$786.1M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.67	+0.182%	$367.5M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.024%	$230K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	+0.022%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.165%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.66	+0.174%	$846.5M	$656.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.67	+0.182%	$417.1M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.64	+0.158%	$126.5M	$217.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.65	+0.164%	$479.3M	$441.8M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.65	+0.165%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.56	+0.088%	$23.5M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.43	−0.021%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.180%	$93.7M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.140%	$47.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.67	+0.186%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.122%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.019%	$322K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	+0.047%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	+0.056%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	+0.053%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.55	+0.079%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.47	+0.008%	$226.0M	$46.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	+0.071%	$45.6M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.62	+0.140%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.52	+0.049%	—	$228.5M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.088%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	+0.054%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0164%	1h	116.61	+0.128%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERPlong	+0.0190%	1h	116.46	long leg	$1.1M	$539K	25x
BloFin SOL-USDT	+0.0220%	8h	116.57	+0.097%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.53	+0.059%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.53	+0.064%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0516%	1h	116.61	+0.133%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.58	+0.106%	$1.9M	$4.9M	20x	as long as short