Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Aster against Aevo−0.005%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.005%, 7d avg +0.028%

Together, before fees+0.125%+ Points / potential airdropAster: Stage 5 · farm board+$13 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 0.033% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	119.21	0.0096	pay 0.0012% / 1h	13m 02s	$349K	$253K	20x
Short	Aster SOLUSDT	119.21	0.0100	get 0.0100% / 8h	7h 13m	$180.2M	$176.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0.84
Price spread: −0.005% → +0.028%: −$3.3
Slippage, 4 orders: −$13.28
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.74
Costs to cover: 0.373%
Break-even: 338.2 days

Slippage from Aevo: live order book, 61 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 Aevo live order book, 61 min ago	3.08 bp	14.0 bp −$14	24.0 bp −$240	35.2 bp −$3,515	doesn't fit
Sell Aster live order book, 6 min ago	0.42 bp	4.4 bp −$4	4.6 bp −$46	6.6 bp −$663	31.7 bp −$15.8K

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
Derive SOL-PERP	−0.0082%	1h	119.12	−0.076%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.17	−0.036%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.16	−0.044%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0024%	1h	119.29	+0.061%	$100K	$660K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.27	+0.049%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.18	−0.024%	$32.4M	$97.6M	100x	as long as short
HTX SOL-USDT	−0.0014%	8h	119.12	−0.078%	$231.7M	$44.2M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.25	+0.028%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.26	+0.040%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.21	+0.001%	$136K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	119.19	−0.019%	$104K	$160K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0049%	1h	119.25	+0.036%	$26.7M	$24.8M	50x	as long as short
Bluefin SOL-PERP	+0.0072%	1h	119.23	+0.012%	$37K	$17K	25x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.16	−0.043%	—	$366.8M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.21	−0.001%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.19	−0.020%	$8.1M	$410.4M	50x	as long as short
Gate SOL_USDT	+0.0093%	8h	119.14	−0.061%	$855.2M	$671.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.16	−0.042%	$14.1M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.15	−0.049%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	119.21	long leg	$349K	$253K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	119.19	−0.021%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.16	−0.044%	$46K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.19	−0.019%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.25	+0.032%	$726.8M	$397.5M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	119.21	−0.005%	$180.2M	$176.6M	100x
Pacifica SOL	+0.0100%	1h	119.23	+0.018%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.14	−0.061%	$981.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.19	−0.019%	$827.8M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.15	−0.052%	$372.5M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	+0.057%	$233K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.14	−0.058%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.381%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.20	−0.010%	$433.3M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.20	−0.006%	$139.0M	$203.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.17	−0.040%	$494.3M	$439.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.15	−0.052%	$24.0M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.030%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.20	−0.010%	$95.7M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.28	+0.060%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.26	+0.040%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	+0.057%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.18	−0.027%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.20	−0.008%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.20	−0.008%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.18	−0.027%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.17	−0.036%	$46.7M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.13	−0.066%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	−0.094%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.37	+0.130%	—	$218.7M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.14	−0.059%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.170%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.15	−0.049%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0197%	1h	119.18	−0.028%	$25K	$51K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.17	−0.036%	$51.9M	$74.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	119.22	+0.006%	$3.7M	—	200x	as long as short