Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: OKX against ApeX Omni+0.076%100s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as 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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.076%, 7d avg −0.007%

Together, before fees+0.133%+$13 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: OKX is 0.084% dearer against ApeX Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 100 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	116.60	0.0100	pay 0.0013% / 1h	27m 48s	$1.2M	$6.6M	50x
Short	OKX SOL-USDT-SWAP	116.69	0.0100	get 0.0100% / 8h	4h 27m	$369.5M	$1.68B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → −0.007%: $8.36
Slippage, 4 orders: −$1.71
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.35
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; OKX: live order book, 1 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	0.43 bp	5.4 bp −$5	8.0 bp −$80	59.8 bp −$5,979	doesn't fit
Sell OKX live order book, 1 min ago	0.43 bp	5.4 bp −$5	6.4 bp −$64	11.7 bp −$1,171	23.9 bp −$11.9K

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
Hibachi SOL/USDT-P	−0.0112%	1h	116.88	+0.243%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.67	+0.060%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.88	+0.239%	$914	$8K	25x	as long as short
Derive SOL-PERP	−0.0014%	1h	116.52	−0.070%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	+0.018%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.76	+0.136%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.71	+0.093%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.71	+0.093%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.62	+0.014%	$7.5M	$404.7M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.61	+0.007%	$31.0M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.64	+0.033%	$26.3M	$25.4M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.61	+0.007%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.60	+0.002%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	−0.007%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.59	−0.009%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.66	+0.051%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.79	+0.158%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.71	+0.098%	$5.4M	$39.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.75	+0.128%	$704.8M	$396.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.61	+0.010%	$174.8M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	+0.107%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.66	+0.051%	$968.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.59	−0.010%	$783.2M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	116.69	+0.076%	$369.5M	$1.68B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	+0.042%	$231K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.71	+0.095%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.130%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.67	+0.059%	$842.5M	$661.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.66	+0.051%	$391.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	+0.046%	$127.3M	$218.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.66	+0.052%	$479.5M	$441.3M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.62	+0.019%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.60	−0.001%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.77	+0.149%	$24.4M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.76	+0.133%	$93.7M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.89	+0.244%	$47.8M	$29.9M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	116.60	long leg	$1.2M	$6.6M	50x
StandX SOL-USD	+0.0100%	1h	116.92	+0.274%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.68	+0.068%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.051%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.015%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.59	−0.008%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.001%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.60	−0.001%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.63	+0.025%	$45.6M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	+0.006%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.69	+0.073%	—	$231.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.035%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.94	+0.291%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.67	+0.062%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.97	+0.316%	$51.9M	$71.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0236% / S −0.0180%	1h	116.63	+0.026%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.72	+0.104%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0528%	1h	116.74	+0.120%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.76	+0.136%	$1.9M	$4.9M	20x	as long as short