Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.035%

Price spread now: Reya against Aster+0.007%7-day average −0.012% · you sell dearer than you buy

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

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.127%+$13 on $10k

Price spread, last 3 days (all we have)+0.416%+$42 · spread now +0.007%, 7d avg −0.012%

Together, before fees+0.543%+ Points / potential airdropAster: Stage 5 · Reya: Active · farm board+$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	119.83	0.0100	pay 0.0100% / 8h	2h 20m	$180.4M	$175.6M	100x
Short	Reya SOLRUSDPERP	119.84	0.0179	get 0.0022% / 1h	20m 24s	$1.1M	$562K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.007%Rate

Funding earned: $16.68
Price spread: +0.007% → −0.012%: $1.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.55
Costs to cover: 0.140%
Break-even: 5.1 days

Slippage unknown: Aster: live order book, 4 min ago; Reya: no order-book sample. 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 Aster live order book, 4 min ago	0.42 bp	4.4 bp −$4	4.9 bp −$49	7.2 bp −$721	24.2 bp −$12.1K
Sell Reya no order-book sample	—	—	—	—	—

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.567%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.81	−0.018%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.77	−0.050%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.117%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	−0.010%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.85	+0.013%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	−0.095%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.83	−0.002%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0019%	1h	119.55	−0.231%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	119.85	+0.018%	$26.9M	$27.7M	50x	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	+0.0055%	8h	119.71	−0.098%	$233.0M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0061%	8h	119.78	−0.045%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.77	−0.052%	$121K	$611K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.88	+0.042%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.82	−0.007%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0088%	8h	119.84	+0.008%	$875.5M	$686.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.77	−0.047%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.77	−0.049%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.78	−0.045%	$356K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.76	−0.056%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.83	0.000%	$49K	$788K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.84	+0.007%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.94	+0.092%	$724.3M	$411.6M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	119.83	long leg	$180.4M	$175.6M	100x
Pacifica SOL	+0.0100%	1h	119.81	−0.014%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.83	+0.003%	$982.4M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.88	+0.042%	$832.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.82	−0.008%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.70	−0.108%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.85	+0.019%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.144%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.85	+0.017%	$437.4M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.82	−0.005%	$141.7M	$197.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.84	+0.009%	$500.9M	$452.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.84	+0.008%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.275%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	−0.191%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.209%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	−0.199%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	−0.150%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.84	+0.008%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.83	−0.003%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.77	−0.050%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.74	−0.079%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.80	−0.025%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.78	−0.042%	$46.8M	$101.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.76	−0.057%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.85	+0.019%	$8.2M	$418.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.84	+0.007%	—	$219.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	−0.067%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.84	+0.011%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERPshort	+0.0179%	1h	119.84	+0.007%	$1.1M	$562K	25x
BloFin SOL-USDT	+0.0220%	8h	119.77	−0.050%	$51.6M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.84	+0.006%	$35.9M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.84	+0.007%	$3.6M	—	200x	as long as short