Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Hyperliquid against ApeX Omni−0.114%85s7-day average +0.034% · you buy dearer than you sell

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

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

costs, in and out, $10k−$220.217% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.114%, 7d avg +0.034%

Together, before fees+0.382%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 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: Hyperliquid is 0.148% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 85 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	116.97	0.0100	pay 0.0013% / 1h	34m 06s	$1.2M	$6.7M	50x
Short	Hyperliquid SOL	116.84	0.0100	get 0.0013% / 1h	34m 06s	$705.3M	$394.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → +0.034%: −$14.82
Slippage, 4 orders: −$2.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$36.47
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Hyperliquid: live order book, 10 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	0.86 bp	5.9 bp −$6	9.2 bp −$92	69.8 bp −$6,983	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.43 bp	4.9 bp −$5	6.2 bp −$62	9.7 bp −$968	doesn't fit

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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.73	−0.207%	$31.0M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.83	−0.122%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0087%	1h	116.74	−0.195%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.91	−0.051%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.77	−0.178%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.87	−0.089%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0007%	1h	116.87	−0.088%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0011%	1h	116.68	−0.254%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	+0.0040%	8h	116.67	−0.262%	$763.8M	$1.38B	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.76	−0.183%	$7.6M	$404.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	116.79	−0.156%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.75	−0.191%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.73	−0.207%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.72	−0.213%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	−0.185%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.77	−0.174%	$61K	$893K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.84	−0.111%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.78	−0.166%	$5.5M	$40.2M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	116.84	−0.114%	$705.3M	$394.5M	20x
Aster SOLUSDT	+0.0100%	8h	116.77	−0.175%	$174.9M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.87	−0.092%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.72	−0.216%	$974.4M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.73	−0.208%	$366.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.88	−0.080%	$229K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.83	−0.122%	$922K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.065%	$134.1M	$22.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.74	−0.199%	$852.6M	$661.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.71	−0.225%	$366.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.74	−0.201%	$129.1M	$223.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.70	−0.231%	$481.7M	$445.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.71	−0.228%	—	$366.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.73	−0.208%	$23.1M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	−0.204%	$24.5M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.91	−0.058%	$93.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.75	−0.191%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	116.97	long leg	$1.2M	$6.7M	50x
StandX SOL-USD	+0.0100%	1h	116.88	−0.080%	$1.3M	$12.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.75	−0.191%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	−0.191%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.76	−0.183%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.81	−0.137%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.73	−0.208%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.74	−0.197%	$226.3M	$48.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.76	−0.182%	$45.8M	$103.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.68	−0.252%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.015%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.88	−0.076%	—	$231.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0137%	1h	116.79	−0.160%	$26.3M	$23.3M	50x	as long as short
Phoenix SOL	+0.0151%	1h	117.04	+0.057%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.72	−0.213%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.90	−0.062%	$52.1M	$67.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	−0.185%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.82	−0.128%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0524%	1h	116.88	−0.080%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.86	−0.093%	$1.9M	$4.8M	20x	as long as short