Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Variational Omni against Aevo+0.127%7-day average +0.014% · you sell dearer than you buy

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now +0.127%, 7d avg +0.014%

Together, before fees+0.149%+ Points / potential airdropVariational Omni: Active · farm board+$15 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: Variational Omni is 0.113% dearer against Aevo than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	119.18	0.0096	pay 0.0012% / 1h	59m 41s	$354K	$749K	20x
Short	Variational Omni SOL	119.33	0.0100	get 0.0100% / 8h	2h 59m	$27.8M	$126.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now +0.127%Rate

Funding earned: $0.84
Price spread: +0.127% → +0.014%: $11.33
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.83
Costs to cover: 0.160%
Break-even: 39.0 days

Slippage unknown: Aevo: live order book, 29 min ago; Variational Omni: RFQ quote, 5 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 Aevo live order book, 29 min ago	9.60 bp	28.5 bp −$29	35.5 bp −$355	49.3 bp −$4,929	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	1.18 bp	doesn't fit	2.2 bp −$22	9.1 bp −$907	doesn't fit

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
Vest SOL-PERP	−0.0083%	1h	119.12	−0.046%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.14	−0.026%	$845	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0074%	1h	119.04	−0.113%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	119.13	−0.037%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0010%	1h	119.21	+0.030%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.22	+0.041%	$50K	—	150x	as long as short
Perpl SOL	0.0000%	43m	119.14	−0.034%	$191K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	119.20	+0.021%	$104K	$154K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	119.20	+0.023%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0064%	8h	119.14	−0.034%	$232.1M	$43.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0076%	1h	119.13	−0.039%	$1.5M	$6.3M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	119.20	+0.021%	$860.6M	$686.4M	100x	as long as short
KuCoin SOLUSDTM	+0.0082%	8h	119.16	−0.009%	$144.2M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.007%	$13.5M	$53.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.013%	$2.0M	$17.3M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	119.16	−0.011%	$497.1M	$452.0M	100x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	119.18	long leg	$354K	$749K	20x
Paradex SOL-USD-PERP	+0.0098%	8h	119.07	−0.088%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.13	−0.038%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.15	−0.019%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.27	+0.080%	$719.5M	$442.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.20	+0.021%	$180.3M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.18	+0.005%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.15	−0.021%	$978.3M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.15	−0.021%	$823.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.07	−0.088%	$368.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.16	−0.013%	$234K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	−0.001%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	−0.074%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.10	−0.063%	$470.3M	$1.06B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	119.19	+0.016%	—	$372.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.23	+0.046%	$24.2M	$38.3M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.33	+0.127%	$27.8M	$126.3M	—
edgeX SOLUSDC	+0.0100%	4h	119.09	−0.075%	$95.6M	$395.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.08	−0.083%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.15	−0.021%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.20	+0.021%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.20	+0.023%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.20	+0.024%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	+0.007%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.19	+0.013%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.19	+0.013%	$46.5M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.17	0.000%	$8.7M	$37.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.25	+0.064%	$8.1M	$415.6M	50x	as long as short
Kalshi KXSOLPERP	+0.0108%	8h	119.18	+0.006%	$1.2M	$21.0M	3.1x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.19	+0.011%	—	$218.2M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	119.21	+0.026%	$123K	$607K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0128%	1h	119.28	+0.085%	$26.8M	$27.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	119.23	+0.048%	$36.2M	$90.6M	100x	as long as short
Phoenix SOL	+0.0149%	1h	119.28	+0.088%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.19	+0.011%	$1.6M	$6.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.19	+0.009%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.13	−0.038%	$51.8M	$90.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0178%	1h	119.22	+0.040%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.68	−0.415%	$4K	$2K	12x	as long as short