Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.002%

Price spread now: Aster against Hyperliquid−0.127%7-day average −0.028% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Hyperliquid Short on Aster

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+0.099%+$10 · spread now −0.127%, 7d avg −0.028%

Together, before fees+0.075%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.099% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	118.01	0.0177	pay 0.0022% / 1h	18m 00s	$721.9M	$389.8M	20x
Short	Aster SOLUSDT	117.86	0.0100	get 0.0100% / 8h	5h 18m	$177.6M	$180.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$16.18
Price spread: −0.127% → −0.028%: −$9.91
Slippage, 4 orders: −$2.53
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.62
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.42 bp	4.9 bp −$5	5.1 bp −$51	8.2 bp −$825	doesn't fit
Sell Aster live order book, 6 min ago	0.43 bp	5.3 bp −$5	5.3 bp −$53	8.3 bp −$832	26.9 bp −$13.5K

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
Bluefin SOL-PERP	−0.0144%	1h	117.85	−0.132%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.00	−0.004%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0066%	1h	117.87	−0.115%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.88	−0.113%	$31.6M	$98.6M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.79	−0.190%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.86	−0.127%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.98	−0.028%	$4.5M	$24.1M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0052%	1h	117.90	−0.093%	$26.5M	$24.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	117.99	−0.017%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.94	−0.059%	$100K	$165K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.89	−0.104%	$7.9M	$404.5M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.87	−0.120%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.89	−0.098%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.88	−0.110%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.85	−0.137%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.95	−0.051%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.98	−0.027%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.90	−0.092%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDTshort	+0.0100%	8h	117.86	−0.127%	$177.6M	$180.2M	100x
Pacifica SOL	+0.0100%	1h	117.98	−0.025%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.89	−0.102%	$971.3M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.91	−0.085%	$831.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.88	−0.110%	$366.9M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.95	−0.051%	$239K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.94	−0.055%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.358%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.89	−0.102%	$859.3M	$652.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.90	−0.093%	$424.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.89	−0.100%	$130.1M	$212.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.87	−0.115%	$488.2M	$431.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.90	−0.093%	—	$362.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.87	−0.119%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.98	−0.023%	$24.4M	$115.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.98	−0.023%	$94.8M	$393.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.86	−0.127%	$48.3M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.02	+0.006%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.94	−0.059%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.90	−0.093%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.87	−0.116%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.85	−0.136%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.86	−0.127%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.91	−0.086%	$229.0M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.89	−0.102%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0101%	8h	117.98	−0.028%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.85	−0.136%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.97	−0.038%	—	$215.7M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.059%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.01	+0.002%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOLlong	+0.0177%	1h	118.01	long leg	$721.9M	$389.8M	20x
Reya SOLRUSDPERP	+0.0190%	1h	117.86	−0.127%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.441%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.96	−0.042%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.99	−0.016%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	117.86	−0.130%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0404%	1h	117.88	−0.107%	$25K	$51K	20x	as long as short