Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Hyperliquid against Aster+0.113%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.113%, 7d avg +0.027%

Together, before fees−0.057%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$6 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: Hyperliquid is 0.086% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	117.59	0.0100	pay 0.0100% / 8h	6h 55m	$177.5M	$180.1M	100x
Short	Hyperliquid SOL	117.72	0.0100	get 0.0013% / 1h	55m 51s	$717.5M	$401.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.027%: $8.61
Slippage, 4 orders: −$2.26
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.65
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Hyperliquid: live order book, 8 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, 3 min ago	0.42 bp	4.4 bp −$4	4.4 bp −$44	6.5 bp −$648	23.7 bp −$11.9K
Sell Hyperliquid live order book, 8 min ago	0.42 bp	4.9 bp −$5	5.4 bp −$54	8.3 bp −$826	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
Hotstuff SOL-PERP	−0.0080%	1h	117.96	+0.314%	$922	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	118.00	+0.350%	$95K	$695K	20x	as long as short
Vest SOL-PERP	−0.0080%	1h	117.73	+0.124%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0073%	8h	117.51	−0.063%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERP	−0.0062%	1h	117.54	−0.040%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.63	+0.036%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.69	+0.087%	$4.6M	$25.7M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.75	+0.138%	$1.6M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.72	+0.114%	$131K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.69	+0.088%	$26.3M	$25.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.67	+0.068%	$1.8M	$4.6M	20x	as long as short
Gate SOL_USDT	+0.0023%	8h	117.55	−0.032%	$842.2M	$646.8M	100x	as long as short
Lighter RH SOL	+0.0024%	1h	117.59	+0.001%	$2.2M	$16.5M	25x	as long as short
ApeX Omni SOLUSDT	+0.0031%	1h	118.35	+0.652%	$1.5M	$6.1M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.76	+0.147%	$102K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.60	+0.013%	$31.6M	$98.4M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.61	+0.019%	$7.8M	$408.6M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.55	−0.028%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.63	+0.034%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.64	+0.044%	$13.1M	$57.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.67	+0.067%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.70	+0.096%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.69	+0.087%	$43K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.74	+0.134%	$5.7M	$41.3M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	117.72	+0.113%	$717.5M	$401.2M	20x
Aster SOLUSDTlong	+0.0100%	8h	117.59	long leg	$177.5M	$180.1M	100x
Pacifica SOL	+0.0100%	1h	117.75	+0.136%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.56	−0.023%	$973.2M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.54	−0.040%	$817.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.51	−0.066%	$366.2M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.64	+0.045%	$255K	$899K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.68	+0.081%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.478%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.56	−0.023%	$422.3M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.66	+0.064%	$135.9M	$205.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.61	+0.020%	$488.6M	$444.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.60	+0.011%	$23.7M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	+0.016%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.25	+0.567%	$95.0M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.37	+0.661%	$48.5M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.09	+0.427%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.70	+0.096%	$352K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.62	+0.024%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.61	+0.015%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.64	+0.047%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.64	+0.045%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	+0.011%	$45.9M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.012%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.75	+0.137%	—	$227.6M	500x	as long as short
Phoenix SOL	+0.0114%	1h	118.33	+0.631%	$6.5M	$13.3M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.69	+0.084%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	+0.223%	$51.9M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.626%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.63	+0.033%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0274%	1h	118.36	+0.654%	$25K	$51K	20x	as long as short