Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%

Price spread now: Bybit against ApeX Omni−0.069%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.069%, 7d avg +0.005%

Together, before fees+0.345%+$34 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: Bybit is 0.074% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	119.38	0.0100	pay 0.0013% / 1h	13m 12s	$1.5M	$6.2M	50x
Short	Bybit SOLUSDT	119.30	0.0100	get 0.0100% / 8h	2h 13m	$825.0M	$1.27B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.005%: −$7.37
Slippage, 4 orders: −$2.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.4
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Bybit: live order book, 6 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, 1 min ago	0.42 bp	5.4 bp −$5	7.8 bp −$78	64.9 bp −$6,489	doesn't fit
Sell Bybit live order book, 6 min ago	0.42 bp	5.9 bp −$6	6.9 bp −$69	11.8 bp −$1,179	23.7 bp −$11.8K

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.196%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	+0.089%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.33	−0.046%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.21	−0.143%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.50	+0.099%	$5.0M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.32	−0.054%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.32	−0.052%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.31	−0.059%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.35	−0.029%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0035%	1h	119.56	+0.144%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0051%	8h	119.22	−0.138%	$232.2M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.32	−0.055%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.57	+0.159%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.40	+0.013%	$105K	$151K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.30	−0.070%	—	$373.8M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.30	−0.070%	$870.8M	$688.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.32	−0.054%	$13.6M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.32	−0.054%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.27	−0.092%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.41	+0.019%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.40	+0.013%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.38	−0.003%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.42	+0.033%	$721.2M	$414.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.37	−0.015%	$179.7M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.47	+0.071%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.31	−0.062%	$976.8M	$3.78B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.30	−0.069%	$825.0M	$1.27B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.27	−0.095%	$371.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.39	+0.005%	$235K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.49	+0.091%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.229%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.32	−0.054%	$426.9M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.36	−0.023%	$140.8M	$197.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.30	−0.070%	$497.9M	$452.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.57	+0.156%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.47	+0.072%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.43	+0.040%	$95.9M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.56	+0.145%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	119.38	long leg	$1.5M	$6.2M	50x
StandX SOL-USD	+0.0100%	1h	119.51	+0.106%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.32	−0.054%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.30	−0.069%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.32	−0.055%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.42	+0.027%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.32	−0.054%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.35	−0.028%	$46.6M	$101.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.26	−0.100%	$8.7M	$36.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.38	0.000%	$8.2M	$416.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.57	+0.157%	—	$221.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.58	+0.164%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.32	−0.054%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.41	+0.026%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.31	−0.062%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.32	−0.054%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.37	−0.012%	$35.5M	$91.2M	100x	as long as short