Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.040%
Price spread now: Coinbase International against ApeX Omni+0.074%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.235% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.328%+$33 on $10k
Price spread, last 3 days (all we have)−0.406%−$41 · spread now +0.074%, 7d avg +0.036%
Together, before fees−0.078%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.038% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SOLUSDT118.990.0100pay 0.0013% / 1h55m 25s$1.5M$6.2M50x
ShortCoinbase International SOL-PERP-INTX119.080.0112get 0.0014% / 1h55m 25s$8.1M$414.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$2.52
Price spread: +0.074% → +0.036%
$3.8
Slippage, 4 orders
−$3.55
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$17.23
Costs to cover
0.235%
Break-even
54.9 days
Slippage from ApeX Omni: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 4 min ago1.26 bp7.0 bp −$79.6 bp −$9666.8 bp −$6,676doesn't fit
Sell Coinbase International live order book, 4 min ago0.04 bp5.3 bp −$58.3 bp −$8315.0 bp −$1,503170.7 bp −$85.3K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SOL/USDC PERP−0.0151%1h118.68−0.261%$4K$2K12xas long as short
Aftermath Perps SOLUSD−0.0084%1h119.05+0.048%$24K$47K20xas long as short
Vest SOL-PERP−0.0083%1h119.05+0.052%$726K20xas long as short
Hotstuff SOL-PERP−0.0080%1h119.04+0.042%$844$8K25xas long as short
Derive SOL-PERP−0.0065%1h118.94−0.045%$2.0M$3.2M13xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.19+0.165%$50K150xas long as short
dYdX SOL-USD0.0000%1h119.07+0.066%$4.9M$26.8M20xas long as short
Perpl SOL0.0000%43m119.11+0.097%$191K$4.1M8.3xas long as short
Orderly PERP_SOL_USDC+0.0056%8h119.19+0.170%$1.1M$5.9M100xas long as short
01 Exchange SOLUSD+0.0056%1h119.14+0.126%$104K$152K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SOL-USDT+0.0068%8h118.91−0.063%$231.7M$43.7M75xas long as short
Gate SOL_USDT+0.0082%8h119.13+0.118%$859.4M$673.2M100xas long as short
KuCoin SOLUSDTM+0.0086%8h119.17+0.150%$145.5M$197.3M75xas long as short
Deribit SOL_USDC-PERPETUAL+0.0088%1h119.12+0.107%$26.7M$27.9M50xas long as short
Lighter SOL+0.0096%1h119.06+0.056%$13.5M$52.8M25xas long as short
Lighter RH SOL+0.0096%1h119.05+0.050%$2.0M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h119.17+0.151%$354K$746K20xas long as short
Bitget SOLUSDT+0.0097%8h119.16+0.140%$497.2M$451.0M100xas long as short
Paradex SOL-USD-PERP+0.0098%8h119.05+0.054%$1.0M$524K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.12+0.109%$47K$781K20xas long as short
Nado SOL-PERP+0.0100%1h119.07+0.064%$5.6M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h119.23+0.202%$719.6M$444.3M20xas long as short
Aster SOLUSDT+0.0100%8h119.10+0.093%$179.8M$174.2M100xas long as short
Pacifica SOL+0.0100%1h119.09+0.084%$12.4M$113.1M20xas long as short
Binance SOLUSDT+0.0100%8h119.16+0.139%$978.4M$3.75B100xas long as short
Bybit SOLUSDT+0.0100%8h119.21+0.185%$824.4M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.16+0.143%$368.5M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.97−0.017%$233K$868K10xas long as short
Arcus SOL-USD+0.0100%1h119.12+0.112%$1.9M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h119.09+0.082%$133.4M$13.4M20xas long as short
MEXC SOL_USDT+0.0100%8h119.15+0.134%$473.2M$1.07B300xas long as short
BingX SOL-USDT+0.0100%8h119.16+0.146%$372.9Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.07+0.067%$24.2M$38.1M50xas long as short
Variational Omni SOL+0.0100%8h119.07+0.071%$27.7M$126.2Mas long as short
edgeX SOLUSDC+0.0100%4h118.93−0.050%$95.5M$395.2M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.07+0.069%$48.7M$33.6M20xas long as short
ApeX Omni SOLUSDTlong+0.0100%1h118.99long leg$1.5M$6.2M50x
StandX SOL-USD+0.0100%1h119.06+0.059%$1.4M$13.1M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.15+0.134%$362K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.15+0.133%$201K$1.8M20xas long as short
Bluefin SOL-PERP+0.0100%1h119.18+0.161%$37K$15K25xas long as short
SunX SOL-USDT+0.0100%8h119.02+0.028%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.03+0.034%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.02+0.025%$46.4M$100.2M50xas long as short
Extended SOL-USD+0.0104%1h119.05+0.052%$8.7M$37.3M50xas long as short
Kalshi KXSOLPERP+0.0108%8h119.11+0.102%$1.2M$20.9M3.1xas long as short
Coinbase International SOL-PERP-INTXshort+0.0112%1h119.08+0.074%$8.1M$414.7M50x
Hibachi SOL/USDT-P+0.0120%1h119.02+0.028%$123K$621K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.07+0.064%$217.6M500xas long as short
Phoenix SOL+0.0149%1h119.15+0.134%$6.7M$12.5M25xas long as short
RISEx SOL/USDC+0.0175%1h119.12+0.111%$1.6M$6.2M20xas long as short
Reya SOLRUSDPERP+0.0180%1h119.15+0.133%$1.1M$557K25xas long as short
BloFin SOL-USDT+0.0220%8h118.990.000%$51.9M$91.1M125xas long as short
Kraken Futures PF_SOLUSD+0.0223%1h119.08+0.072%$36.1M$90.0M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0237% / S −0.0174%1h119.18+0.160%$3.6M200xas long as short