Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.057%

Price spread now: Hibachi against Aster+0.101%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Aster Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+1.444%+$144 · spread now +0.101%, 7d avg +0.030%

Together, before fees+1.418%+ Points / potential airdropAster: Stage 5 · Hibachi: Active · farm board+$142 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.072% dearer against Aster than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.030%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 7 days (−0.026% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	117.44	0.0100	pay 0.0100% / 8h	6h 02m	$176.3M	$177.9M	100x
Short	Hibachi SOL/USDT-P	117.56	0.0056	get 0.0007% / 1h	2m 40s	$100K	$690K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.101%Rate

Funding earned: −$9.24
Price spread: +0.101% → +0.030%: $7.18
Slippage, 4 orders: −$2.72
Fee Aster: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$21.78
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Hibachi: 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	0.43 bp	4.4 bp −$4	4.7 bp −$47	7.6 bp −$762	43.3 bp −$21.7K
Sell Hibachi live order book, 1 min ago	0.04 bp	6.3 bp −$6	22.7 bp −$227	doesn't fit	doesn't fit

SOL on 54 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	117.56	+0.099%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.47	+0.026%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.51	+0.060%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.47	+0.025%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.62	+0.153%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.53	+0.077%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.47	+0.029%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.47	+0.026%	$228.2M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	+0.095%	$31.5M	$98.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0051%	1h	117.59	+0.129%	$26.4M	$25.4M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-Pshort	+0.0056%	1h	117.56	+0.101%	$100K	$690K	20x
Gate SOL_USDT	+0.0071%	8h	117.45	+0.009%	$847.8M	$668.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.55	+0.097%	$8.0M	$405.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.46	+0.020%	—	$367.7M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	+0.044%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.55	+0.096%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.46	+0.020%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.45	+0.005%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.54	+0.085%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.53	+0.077%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.49	+0.042%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.47	+0.026%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.59	+0.132%	$5.8M	$40.3M	40x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	117.44	long leg	$176.3M	$177.9M	100x
Pacifica SOL	+0.0100%	1h	117.48	+0.035%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.46	+0.017%	$968.3M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.47	+0.026%	$820.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.47	+0.026%	$366.1M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.017%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.48	+0.035%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.47	+0.026%	$423.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.46	+0.020%	$130.4M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.46	+0.019%	$486.9M	$436.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.46	+0.017%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	+0.072%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.48	+0.038%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.006%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.57	+0.111%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	+0.043%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.47	+0.028%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.54	+0.085%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.50	+0.050%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.55	+0.094%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.49	+0.043%	$45.7M	$100.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.013%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.52	+0.068%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.44	−0.003%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.49	+0.039%	—	$222.2M	500x	as long as short
Hyperliquid SOL	+0.0120%	1h	117.59	+0.128%	$717.2M	$395.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.47	+0.023%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	+0.009%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.48	+0.033%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0351%	1h	117.53	+0.073%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.56	+0.100%	$128K	$3.8M	8.3x	as long as short