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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0268%/8h= −29.3% APRnext payment $0.33 per $10,000 · paid last 24h +0.073%
Price spread now: Hibachi against ApeX Omni−0.125%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.241%+$24 on $10k
Price spread, last 4 days (all we have)+0.534%+$53 · spread now −0.125%, 7d avg +0.051%
Together, before fees+0.775%+ Points / potential airdropHibachi: Active · farm board+$77 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hibachi is 0.175% cheaper against ApeX Omni than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.241%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SOLUSDT116.730.0100pay 0.0013% / 1h55m 10s$1.2M$6.7M50x
ShortHibachi SOL/USDT-P116.59−0.0168pay 0.0021% / 1h55m 10s$103K$698K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
−$56.28
Price spread: −0.125% → +0.051%
−$17.55
Slippage, 4 orders
−$4.65
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$97.47
Costs to cover
0.236%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Hibachi: live order book, 64 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 ago0.86 bp5.9 bp −$67.8 bp −$7866.7 bp −$6,672doesn't fit
Sell Hibachi live order book, 64 min ago1.03 bp5.5 bp −$627.6 bp −$276doesn't fitdoesn't fit

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
Kraken Futures PF_SOLUSD−0.0193%1h116.96+0.192%$31.1M$100.4M100xas long as short
Hibachi SOL/USDT-Pshort−0.0168%1h116.59−0.125%$103K$698K20x
Vest SOL-PERP−0.0096%1h116.80+0.059%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.85+0.101%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.93+0.170%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.74+0.004%$1.4M$19.1M3.1xas long as short
dYdX SOL-USD+0.0010%1h116.88+0.127%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0030%1h116.87+0.121%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.97+0.201%$7.4M$405.2M50xas long as short
Orderly PERP_SOL_USDC+0.0093%8h116.95+0.188%$1.0M$5.8M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SOL+0.0096%1h116.94+0.178%$13.1M$59.7M25xas long as short
Lighter RH SOL+0.0096%1h116.94+0.174%$2.2M$16.7M25xas long as short
01 Exchange SOLUSD+0.0096%1h116.91+0.152%$100K$173K20xas long as short
Aevo SOL-PERP+0.0096%1h116.86+0.106%$348K$244K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.80+0.058%$50K$882K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.84+0.096%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h116.89+0.132%$5.5M$40.1M40xas long as short
Hyperliquid SOL+0.0100%1h117.06+0.281%$706.9M$395.5M20xas long as short
Aster SOLUSDT+0.0100%8h116.93+0.170%$175.1M$182.9M100xas long as short
Pacifica SOL+0.0100%1h116.89+0.137%$15.8M$130.2M20xas long as short
Binance SOLUSDT+0.0100%8h116.97+0.205%$974.5M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h116.90+0.144%$776.1M$1.36B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.98+0.212%$368.3M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.87+0.118%$231K$838K10xas long as short
Arcus SOL-USD+0.0100%1h116.88+0.125%$928K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.70−0.030%$134.0M$22.5M20xas long as short
Gate SOL_USDT+0.0100%8h116.91+0.152%$846.5M$654.7M100xas long as short
MEXC SOL_USDT+0.0100%8h116.97+0.204%$368.2M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.92+0.158%$129.4M$222.0M75xas long as short
Bitget SOLUSDT+0.0100%8h116.95+0.188%$480.3M$442.0M100xas long as short
BingX SOL-USDC+0.0100%8h116.95+0.185%$10.6Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.96+0.195%$23.2M$39.1M50xas long as short
Variational Omni SOL+0.0100%8h116.63−0.083%$24.5M$113.9Mas long as short
edgeX SOLUSDC+0.0100%4h116.68−0.042%$93.7M$398.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.61−0.105%$47.7M$30.1M20xas long as short
ApeX Omni SOLUSDTlong+0.0100%1h116.73long leg$1.2M$6.7M50x
StandX SOL-USD+0.0100%1h116.58−0.130%$1.3M$12.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.90+0.144%$322K$2.6M20xas long as short
Bullet SOL-USD+0.0100%1h116.91+0.152%$149K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.91+0.152%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.93+0.167%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.95+0.187%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.92+0.158%$226.7M$47.8M75xas long as short
Phemex SOLUSDT+0.0100%8h116.94+0.178%$45.7M$102.5M50xas long as short
Extended SOL-USD+0.0104%1h116.86+0.109%$8.3M$37.4M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.72−0.010%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.75+0.014%$231.5M500xas long as short
Phoenix SOL+0.0137%1h116.80+0.058%$6.5M$13.8M25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0142%1h116.98+0.215%$26.4M$23.3M50xas long as short
Reya SOLRUSDPERP+0.0191%1h116.89+0.135%$1.1M$541K25xas long as short
BloFin SOL-USDT+0.0220%8h116.94+0.178%$52.1M$67.7M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.93+0.167%$3.6M200xas long as short
Perpl SOL+0.0447%43m116.90+0.146%$139K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0531%1h116.81+0.068%$25K$50K20xas long as short
RISEx SOL/USDC+0.0561%1h116.92+0.163%$1.9M$4.8M20xas long as short