Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: Bulk against ApeX Omni+0.136%55s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.289% of the position

Long on ApeX Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.155%+$15 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.136%, 7d avg +0.009%

Together, before fees+0.002%$0 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: Bulk is 0.127% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	117.29	0.0100	pay 0.0013% / 1h	44m 11s	$1.5M	$5.9M	50x
Short	Bulk SOL-USD	117.45	0.0100	get 0.0013% / 1h	44m 11s	$134.7M	$15.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against ApeX Omni. 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 ApeX OmnibpFee BulkbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.009%: $12.72
Slippage, 4 orders: −$11.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$16.22
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Bulk: live order book, 5 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 ApeX Omni live order book, 5 min ago	1.28 bp	7.1 bp −$7	9.8 bp −$98	65.3 bp −$6,531	doesn't fit
Sell Bulk live order book, 5 min ago	4.26 bp	7.8 bp −$8	7.8 bp −$78	12.6 bp −$1,256	15.5 bp −$7,768

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
Hotstuff SOL-PERP	−0.0080%	1h	117.42	+0.108%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.34	+0.043%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.34	+0.047%	$31.5M	$98.1M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.27	−0.014%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.32	+0.026%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.41	+0.101%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	+0.117%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDT	+0.0047%	8h	117.27	−0.019%	$227.8M	$45.6M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0056%	1h	117.39	+0.082%	$26.4M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.39	+0.085%	$100K	$163K	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	117.37	+0.068%	$8.0M	$402.5M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.49	+0.170%	$100K	$691K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.33	+0.032%	—	$363.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.37	+0.067%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.35	+0.052%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.33	+0.038%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.34	+0.046%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.35	+0.051%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.43	+0.120%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.39	+0.084%	$5.7M	$39.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.38	+0.073%	$176.2M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.44	+0.132%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.34	+0.043%	$966.4M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.41	+0.101%	$820.1M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.42	+0.111%	$365.3M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.21	−0.068%	$237K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.41	+0.099%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	117.45	+0.136%	$134.7M	$15.8M	20x
Gate SOL_USDT	+0.0100%	8h	117.39	+0.085%	$857.7M	$646.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	+0.094%	$423.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.37	+0.071%	$130.1M	$212.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.33	+0.035%	$485.9M	$433.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.50	+0.179%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	+0.063%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.27	−0.020%	$94.2M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.27	−0.021%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	117.29	long leg	$1.5M	$5.9M	50x
StandX SOL-USD	+0.0100%	1h	117.36	+0.060%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.36	+0.060%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.32	+0.025%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.33	+0.037%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.35	+0.050%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.35	+0.051%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.37	+0.068%	$45.7M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.32	+0.025%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.48	+0.159%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.230%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.47	+0.153%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0157%	1h	117.49	+0.171%	$717.4M	$393.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.34	+0.040%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.077%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.47	+0.153%	—	$70.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.31	+0.020%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0381%	1h	117.40	+0.095%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.40	+0.095%	$128K	$3.8M	8.3x	as long as short