Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.052%

Price spread now: Aftermath Perps against Katana Perps+0.022%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aftermath Perps is 0.022% dearer against Katana Perps than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps SOL-USD	117.50	0.0100	pay 0.0100% / 8h	6h 03m	$67K	$840K	20x
Short	Aftermath Perps SOLUSD	117.53	0.0351	get 0.0044% / 1h	3m 00s	$25K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: $52.67
Price spread: +0.022% → 0.000%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $42.04
Costs to cover: 0.128%
Break-even: 1.4 days

Slippage unknown: Katana Perps: no order-book sample; Aftermath Perps: 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Katana Perps and Aftermath 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	117.56	+0.048%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.47	−0.025%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.51	+0.009%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.54	+0.031%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.62	+0.102%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.56	+0.050%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.47	−0.022%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.47	−0.026%	$228.2M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	+0.043%	$31.5M	$98.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0051%	1h	117.59	+0.078%	$26.4M	$25.4M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	117.56	+0.050%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0068%	8h	117.53	+0.026%	$848.4M	$667.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.55	+0.046%	$8.0M	$405.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.47	−0.024%	—	$367.6M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	−0.007%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.55	+0.045%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.54	+0.037%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.53	+0.023%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.54	+0.034%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.53	+0.026%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.60	+0.081%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USDlong	+0.0100%	8h	117.50	long leg	$67K	$840K	20x
Nado SOL-PERP	+0.0100%	1h	117.59	+0.081%	$5.8M	$40.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.54	+0.031%	$176.4M	$178.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.58	+0.072%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.42	−0.064%	$968.1M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.45	−0.042%	$820.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.44	−0.051%	$366.1M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.068%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.53	+0.026%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.46	−0.034%	$423.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.46	−0.035%	$130.4M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.42	−0.066%	$486.8M	$436.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.46	−0.034%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	+0.021%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.48	−0.013%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.057%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.57	+0.060%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	−0.009%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.47	−0.023%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.54	+0.034%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.50	−0.001%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.55	+0.043%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.49	−0.009%	$45.7M	$100.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.038%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.52	+0.017%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.51	+0.010%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.49	−0.012%	—	$222.2M	500x	as long as short
Hyperliquid SOL	+0.0120%	1h	117.54	+0.034%	$716.9M	$395.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.47	−0.028%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.043%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.48	−0.018%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSDshort	+0.0351%	1h	117.53	+0.022%	$25K	$51K	20x
Perpl SOL	+0.0447%	43m	117.56	+0.049%	$128K	$3.8M	8.3x	as long as short