Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h −0.052%

Price spread now: Variational Omni against Aftermath Perps+0.104%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.104% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SOLUSD	117.86	0.0402	pay 0.0050% / 1h	18m 42s	$25K	$51K	20x
Short	Variational Omni SOL	117.98	0.0100	get 0.0100% / 8h	5h 18m	$24.4M	$115.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.104%Rate

Funding earned: −$63.48
Price spread: +0.104% → 0.000%: $10.44
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$62.03
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, just now. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	1.19 bp	doesn't fit	1.4 bp −$14	7.3 bp −$729	doesn't fit

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 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	−0.0160%	1h	117.96	+0.087%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.00	+0.123%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0066%	1h	117.93	+0.062%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.97	+0.096%	$31.6M	$98.6M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.90	+0.031%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.00	+0.119%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.98	+0.099%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	117.99	+0.110%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.01	+0.127%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.98	+0.101%	$8.0M	$404.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	117.98	+0.104%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.97	+0.089%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.93	+0.058%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.95	+0.073%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.99	+0.110%	$54K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.98	+0.100%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.98	+0.102%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.97	+0.093%	$177.7M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.98	+0.102%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.92	+0.052%	$971.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.95	+0.074%	$831.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.93	+0.059%	$367.6M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.95	+0.076%	$239K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.94	+0.072%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.231%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.96	+0.085%	$859.9M	$652.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.91	+0.042%	$424.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	+0.063%	$130.2M	$212.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.93	+0.056%	$488.5M	$431.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.90	+0.036%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.96	+0.085%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	117.98	+0.104%	$24.4M	$115.1M	—
edgeX SOLUSDC	+0.0100%	4h	117.98	+0.104%	$94.8M	$393.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.86	+0.001%	$48.3M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.02	+0.133%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.05	+0.161%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.00	+0.119%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.00	+0.116%	$201K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.00	+0.119%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	+0.085%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.94	+0.064%	$229.1M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.01	+0.127%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0100%	8h	118.03	+0.142%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.89	+0.025%	$8.2M	$36.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0112%	1h	118.02	+0.132%	$26.5M	$24.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.95	+0.081%	—	$215.7M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.187%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.01	+0.129%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0178%	1h	118.09	+0.196%	$722.4M	$389.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.97	+0.091%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.314%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.96	+0.085%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	118.01	+0.125%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	118.00	+0.120%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSDlong	+0.0402%	1h	117.86	long leg	$25K	$51K	20x