Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.227%7-day average +0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.213%+$21 · spread now −0.227%, 7d avg +0.009%

Together, before fees+0.221%+ Points / potential airdropVariational Omni: Active · farm board+$22 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: Variational Omni is 0.236% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	119.44	0.0100	pay 0.0100% / 8h	1h 00m	$830.8M	$1.28B	100x
Short	Variational Omni SOL	119.17	0.0100	get 0.0100% / 8h	1h 00m	$27.5M	$128.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.227%Rate

Funding earned: $0
Price spread: −0.227% → +0.009%: −$23.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.63
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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 Bybit live order book, 4 min ago	0.42 bp	5.9 bp −$6	6.9 bp −$69	10.3 bp −$1,029	19.3 bp −$9,674
Sell Variational Omni RFQ quote, 4 min ago	1.17 bp	doesn't fit	2.9 bp −$29	9.5 bp −$948	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
Bluefin SOL-PERP	−0.0169%	1h	119.27	−0.140%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.37	−0.056%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.33	−0.088%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.19	−0.206%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.29	−0.126%	$115K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.42	−0.015%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	−0.118%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.38	−0.053%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.28	−0.134%	$6.6M	$13.6M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.43	−0.008%	$104K	$157K	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	+0.0070%	8h	119.28	−0.136%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.40	−0.034%	—	$372.7M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.23	−0.176%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.37	−0.059%	$871.9M	$690.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	119.29	−0.130%	$118K	$608K	20x	as long as short
Aftermath Perps SOLUSD	+0.0088%	1h	119.23	−0.173%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.38	−0.049%	$13.6M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.36	−0.065%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.10	−0.282%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.35	−0.075%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.39	−0.042%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	−0.065%	$6.1M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.50	+0.051%	$720.8M	$410.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.40	−0.034%	$178.8M	$175.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	−0.027%	$12.4M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.40	−0.029%	$983.5M	$3.81B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	119.44	long leg	$830.8M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.41	−0.025%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.134%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.43	−0.009%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.075%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.42	−0.017%	$453.9M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.42	−0.017%	$139.9M	$202.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.42	−0.021%	$497.2M	$455.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	−0.042%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.17	−0.227%	$27.5M	$128.4M	—
edgeX SOLUSDC	+0.0100%	4h	119.22	−0.187%	$95.8M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.193%	$48.8M	$31.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.17	−0.222%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.29	−0.126%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.40	−0.033%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.42	−0.021%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	−0.163%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.28	−0.134%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.28	−0.134%	$46.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.37	−0.057%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.31	−0.113%	$8.3M	$416.7M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	119.34	−0.086%	$26.7M	$27.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.26	−0.149%	—	$224.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.30	−0.120%	$32.6M	$96.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0071%	1h	119.28	−0.132%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.40	−0.034%	$1.1M	$547K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.45	+0.009%	$1.7M	$5.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.352%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.36	−0.067%	$52.1M	$84.1M	125x	as long as short