Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: ApeX Omni against Binance+0.201%69s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as 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−$230.225% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 7 days−0.230%−$23 · spread now +0.201%, 7d avg −0.006%

Together, before fees−0.508%−$51 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: ApeX Omni is 0.207% dearer against Binance than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 69 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	Binance SOLUSDT	119.07	0.0100	pay 0.0100% / 8h	1h 50m	$980.9M	$3.79B	100x
Short	ApeX Omni SOLUSDT	119.31	0.0100	get 0.0013% / 1h	50m 24s	$1.5M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → −0.006%: $20.69
Slippage, 4 orders: −$2.54
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1.85
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; ApeX Omni: live order book, 4 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 Binance live order book, 9 min ago	0.42 bp	5.4 bp −$5	6.1 bp −$61	9.4 bp −$938	17.9 bp −$8,963
Sell ApeX Omni live order book, 4 min ago	0.42 bp	6.3 bp −$6	9.3 bp −$93	69.7 bp −$6,971	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
Derive SOL-PERP	−0.0094%	1h	119.01	−0.054%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.16	+0.075%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.07	−0.004%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.15	+0.063%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.09	+0.013%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.22	+0.122%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.11	+0.026%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.16	+0.076%	$120K	$618K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	+0.248%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0055%	1h	119.26	+0.156%	$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
Orderly PERP_SOL_USDC	+0.0065%	8h	119.11	+0.026%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.13	+0.047%	$232.0M	$44.6M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.08	+0.002%	—	$375.3M	—	as long as short
Lighter SOL	+0.0096%	1h	119.15	+0.064%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	+0.070%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.15	+0.064%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.08	+0.008%	$353K	$748K	20x	as long as short
Gate SOL_USDT	+0.0097%	8h	119.08	+0.005%	$866.9M	$676.2M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.13	+0.046%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	+0.039%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.11	+0.032%	$6.3M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.20	+0.106%	$719.0M	$414.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.09	+0.010%	$178.5M	$176.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.20	+0.102%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	119.07	long leg	$980.9M	$3.79B	100x
Bybit SOLUSDT	+0.0100%	8h	119.09	+0.013%	$822.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.09	+0.013%	$371.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.10	+0.022%	$234K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.19	+0.102%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	+0.065%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.10	+0.022%	$436.8M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.10	+0.022%	$140.6M	$199.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.09	+0.012%	$495.1M	$454.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.11	+0.030%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.16	+0.076%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	+0.251%	$95.9M	$397.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.47	+0.335%	$48.9M	$32.6M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	119.31	+0.201%	$1.5M	$6.2M	50x
StandX SOL-USD	+0.0100%	1h	119.17	+0.081%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.09	+0.013%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.09	+0.012%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	+0.019%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.13	+0.045%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.08	+0.005%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.10	+0.022%	$46.5M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.07	−0.007%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.12	+0.041%	$8.2M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.12	+0.037%	—	$222.1M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0134%	1h	119.16	+0.075%	$26.7M	$27.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.10	+0.018%	$32.7M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.10	+0.024%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.09	+0.013%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.17	+0.079%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.282%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.05	−0.020%	$52.0M	$86.9M	125x	as long as short