Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Backpack against Aster+0.083%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Aster Short on Backpack

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−0.766%−$77 · spread now +0.083%, 7d avg +0.077%

Together, before fees−0.696%+ Points / potential airdropAster: Stage 5 · farm board−$70 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	118.74	0.0100	pay 0.0100% / 8h	3h 28m	$179.4M	$173.0M	100x
Short	Backpack SOL_USDC_PERP	118.84	0.0100	get 0.0013% / 1h	28m 21s	$24.4M	$37.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.077%: $0.6
Slippage, 4 orders: −$2.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$20.25
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Backpack: live order book, 1 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 Aster live order book, 6 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	7.0 bp −$699	24.2 bp −$12.1K
Sell Backpack live order book, 1 min ago	0.42 bp	6.6 bp −$7	8.9 bp −$89	11.0 bp −$1,097	doesn't fit

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	−0.0096%	1h	118.77	+0.021%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	+0.004%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0063%	1h	119.09	+0.294%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0018%	1h	118.76	+0.016%	$4.9M	$26.7M	20x	as long as short
Derive SOL-PERP	−0.0001%	1h	118.72	−0.019%	$1.9M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.78	+0.033%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.96	+0.181%	$1.2M	$21.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.79	+0.040%	$195K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0018%	1h	118.86	+0.104%	$26.6M	$27.8M	50x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	118.82	+0.067%	$105K	$148K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0050%	8h	118.72	−0.022%	$231.4M	$43.2M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	118.80	+0.046%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTM	+0.0066%	8h	118.76	+0.013%	$136.4M	$183.1M	75x	as long as short
Gate SOL_USDT	+0.0077%	8h	118.72	−0.018%	$856.1M	$675.4M	100x	as long as short
Bitget SOLUSDT	+0.0080%	8h	118.78	+0.033%	$496.4M	$448.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.78	+0.030%	$13.4M	$51.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.77	+0.024%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.76	+0.015%	$353K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.71	−0.022%	$1.0M	$511K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.80	+0.050%	$48K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.69	−0.041%	$5.6M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.86	+0.100%	$717.7M	$437.6M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	118.74	long leg	$179.4M	$173.0M	100x
Pacifica SOL	+0.0100%	1h	118.75	+0.010%	$13.4M	$109.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	+0.016%	$974.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.79	+0.041%	$818.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	+0.016%	$366.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.051%	$234K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	+0.064%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.26	+0.435%	$133.2M	$15.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.75	+0.008%	$477.6M	$1.05B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.76	+0.019%	—	$367.3M	—	as long as short
Backpack SOL_USDC_PERPshort	+0.0100%	1h	118.84	+0.083%	$24.4M	$37.7M	50x
Variational Omni SOL	+0.0100%	8h	119.18	+0.372%	$27.8M	$120.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.87	+0.107%	$95.5M	$391.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	−0.004%	$48.6M	$33.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.76	+0.016%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.83	+0.075%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.75	+0.008%	$360K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.76	+0.013%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.78	+0.034%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.74	+0.001%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.79	+0.041%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.83	+0.075%	$46.4M	$98.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.75	+0.007%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.86	+0.102%	$8.0M	$408.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.88	+0.115%	—	$216.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.84	+0.081%	$36.3M	$90.5M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	118.86	+0.101%	$122K	$590K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.25	+0.429%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.81	+0.061%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.77	+0.021%	$1.1M	$555K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.89	+0.125%	$51.4M	$89.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	118.78	+0.032%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	119.06	+0.269%	$4K	$2K	12x	as long as short