Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h +0.021%

Price spread now: Aster against Deribit−0.093%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.093%, 7d avg −0.008%

Together, before fees+0.349%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.085% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	116.42	0.0212	pay 0.0027% / 1h	8m 17s	$26.2M	$23.0M	50x
Short	Aster SOLUSDT	116.31	0.0100	get 0.0100% / 8h	3h 08m	$174.2M	$183.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$23.59
Price spread: −0.093% → −0.008%: −$8.49
Slippage, 4 orders: −$3.86
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.95
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago	0.95 bp	5.5 bp −$6	6.2 bp −$62	19.4 bp −$1,942	doesn't fit
Sell Aster live order book, 6 min ago	0.43 bp	4.4 bp −$4	5.4 bp −$54	9.3 bp −$930	55.6 bp −$27.8K

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
Hibachi SOL/USDT-P	−0.0216%	1h	116.27	−0.131%	$105K	$704K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.37	−0.044%	$31.4M	$102.5M	100x	as long as short
Vest SOL-PERP	−0.0108%	1h	116.26	−0.134%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.29	−0.114%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0072%	8h	116.27	−0.134%	$747.9M	$1.40B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.30	−0.108%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.36	−0.052%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.38	−0.032%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.26	−0.139%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.37	−0.044%	$7.6M	$404.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0063%	1h	116.32	−0.084%	$146K	$1.6M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.31	−0.095%	$99K	$175K	20x	as long as short
Bitget SOLUSDT	+0.0088%	8h	116.32	−0.083%	$480.1M	$447.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.38	−0.038%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.29	−0.113%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.27	−0.131%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.35	−0.059%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.27	−0.129%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.31	−0.094%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.30	−0.103%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.41	−0.009%	$700.6M	$395.3M	20x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	116.31	−0.093%	$174.2M	$183.3M	100x
Pacifica SOL	+0.0100%	1h	116.32	−0.087%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.35	−0.061%	$969.9M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.35	−0.061%	$367.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.26	−0.138%	$224K	$853K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.33	−0.074%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.46	+0.034%	$132.4M	$15.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.32	−0.086%	$853.8M	$669.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.33	−0.078%	$367.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	−0.098%	$128.4M	$226.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.28	−0.125%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.26	−0.138%	$22.9M	$39.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.28	−0.118%	$25.0M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	+0.050%	$93.5M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.47	+0.042%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	+0.099%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	−0.018%	$1.3M	$12.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.29	−0.112%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.33	−0.077%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.35	−0.065%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.36	−0.052%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.29	−0.111%	$225.4M	$48.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.37	−0.044%	$45.3M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.30	−0.104%	$8.3M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.240%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.30	−0.106%	—	$235.8M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.60	+0.154%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.28	−0.117%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0212%	1h	116.42	long leg	$26.2M	$23.0M	50x
BloFin SOL-USDT	+0.0220%	8h	116.26	−0.138%	$51.9M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.34	−0.067%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.34	−0.066%	$122K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.37	−0.040%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0573%	1h	116.46	+0.032%	$25K	$52K	20x	as long as short