Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: Aevo against Katana Perps−0.266%7-day average −0.010% · you buy dearer than you sell

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

Long on Katana Perps Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.266%, 7d avg −0.010%

Together, before fees+0.196%+$20 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: Aevo is 0.256% cheaper against Katana Perps than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	117.61	0.0100	pay 0.0100% / 8h	5h 56m	$67K	$840K	20x
Short	Aevo SOL-PERP	117.30	0.0096	get 0.0012% / 1h	56m 39s	$344K	$225K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Katana Perps. 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 Katana PerpsbpFee AevobpOrdersPrice spread, now −0.266%Rate

Funding earned: −$0.8
Price spread: −0.266% → −0.010%: −$25.62
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$46.21
Costs to cover: 0.198%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; Aevo: live order book, 7 min ago. 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Aevo live order book, 7 min ago	1.79 bp	16.7 bp −$17	30.3 bp −$303	doesn't fit	doesn't fit

Katana Perps: 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 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	117.67	+0.049%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.25	−0.304%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.30	−0.265%	$31.5M	$98.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.30	−0.260%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.56	−0.043%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.34	−0.232%	$1.4M	$20.1M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.22	−0.333%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0033%	8h	117.23	−0.325%	$227.8M	$45.5M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	117.33	−0.236%	$26.3M	$25.3M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.63	+0.017%	$100K	$162K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.31	−0.252%	$8.0M	$402.1M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.44	−0.142%	$100K	$690K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.67	+0.055%	—	$363.2M	—	as long as short
Gate SOL_USDT	+0.0086%	8h	117.59	−0.017%	$850.4M	$641.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.30	−0.260%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.57	−0.031%	$13.1M	$58.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.53	−0.068%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERPshort	+0.0096%	1h	117.30	−0.266%	$344K	$225K	20x
Katana Perps SOL-USDlong	+0.0100%	8h	117.61	long leg	$67K	$840K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	117.65	+0.035%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.27	−0.289%	$5.8M	$40.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.47	−0.122%	$176.3M	$177.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.63	+0.017%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.63	+0.016%	$969.8M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.67	+0.051%	$822.1M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.65	+0.034%	$366.2M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	0.000%	$237K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.66	+0.043%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.64	+0.026%	$424.0M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.65	+0.033%	$130.7M	$211.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.67	+0.049%	$487.8M	$433.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.221%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	−0.132%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	−0.148%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.55	−0.055%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.56	−0.043%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	−0.102%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.26	−0.298%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.31	−0.256%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.27	−0.289%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.28	−0.281%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.29	−0.272%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.33	−0.238%	$45.7M	$100.3M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.131%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	−0.068%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.65	+0.032%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.43	−0.152%	—	$221.2M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.70	+0.073%	$1.9M	$4.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.25	−0.308%	$1.1M	$523K	25x	as long as short
Hyperliquid SOL	+0.0196%	1h	117.65	+0.034%	$718.0M	$395.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	−0.136%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.30	−0.263%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0363%	1h	117.48	−0.113%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.34	−0.233%	$128K	$3.8M	8.3x	as long as short