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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.4% APRnext payment $0.07 per $10,000 · paid last 24h −0.031%
Price spread now: ApeX Omni against Coinbase International+0.012%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$240.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.316%−$32 on $10k
Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.012%, 7d avg −0.039%
Together, before fees−0.416%−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.051% dearer against Coinbase International than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.316% in total) that is about 27 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOL-PERP-INTX118.980.0096pay 0.0012% / 1h30m 57s$8.1M$416.6M50x
ShortApeX Omni SOLUSDT118.990.0038get 0.0005% / 1h30m 57s$1.5M$6.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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
−$12.28
Price spread: +0.012% → −0.039%
$5.06
Slippage, 4 orders
−$4.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$31.25
Costs to cover
0.240%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 3 min ago; ApeX Omni: live order book, 3 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 Coinbase International live order book, 3 min ago0.04 bp5.1 bp −$58.1 bp −$8117.9 bp −$1,790doesn't fit
Sell ApeX Omni live order book, 3 min ago0.84 bp5.8 bp −$67.8 bp −$7859.2 bp −$5,923doesn'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
Hotstuff SOL-PERP−0.0080%1h118.98+0.008%$844$8K25xas long as short
Vest SOL-PERP−0.0075%1h118.95−0.020%$723K20xas long as short
Derive SOL-PERP−0.0073%1h118.91−0.053%$2.0M$2.8M13xas long as short
dYdX SOL-USD−0.0016%1h119.03+0.047%$4.9M$28.0M20xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.03+0.045%$112K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.99+0.010%$1.3M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.02+0.034%$177K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL+0.0033%1h119.01+0.031%$26.6M$26.0M50xas long as short
ApeX Omni SOLUSDTshort+0.0038%1h118.99+0.012%$1.5M$6.2M50x
Orderly PERP_SOL_USDC+0.0075%8h119.00+0.024%$1.0M$5.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0080%1h119.04+0.054%$104K$158K20xas long as short
BingX SOL-USDT+0.0080%8h118.93−0.037%$372.1Mas long as short
HTX SOL-USDT+0.0087%8h118.93−0.041%$231.5M$45.0M75xas long as short
Gate SOL_USDT+0.0090%8h118.93−0.039%$863.4M$679.5M100xas long as short
Lighter SOL+0.0096%1h118.95−0.019%$13.6M$55.8M25xas long as short
Lighter RH SOL+0.0096%1h118.95−0.023%$2.2M$16.9M25xas long as short
Hibachi SOL/USDT-P+0.0096%1h119.04+0.050%$121K$627K20xas long as short
Aevo SOL-PERP+0.0096%1h118.94−0.027%$352K$748K20xas long as short
Coinbase International SOL-PERP-INTXlong+0.0096%1h118.98long leg$8.1M$416.6M50x
Paradex SOL-USD-PERP+0.0099%8h118.96−0.011%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.98+0.003%$45K$797K20xas long as short
Nado SOL-PERP+0.0100%1h118.99+0.016%$6.1M$40.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.05+0.059%$720.6M$412.0M20xas long as short
Aster SOLUSDT+0.0100%8h118.93−0.039%$178.1M$176.4M100xas long as short
Pacifica SOL+0.0100%1h119.03+0.043%$12.3M$120.7M20xas long as short
Binance SOLUSDT+0.0100%8h118.94−0.030%$983.0M$3.82B100xas long as short
Bybit SOLUSDT+0.0100%8h118.95−0.020%$825.3M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.91−0.055%$372.1M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.93−0.039%$233K$873K10xas long as short
Arcus SOL-USD+0.0100%1h119.04+0.050%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.35+0.314%$134.1M$6.0M20xas long as short
MEXC SOL_USDT+0.0100%8h118.93−0.039%$434.9M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.97−0.004%$138.7M$205.0M75xas long as short
Bitget SOLUSDT+0.0100%8h118.91−0.053%$493.1M$460.1M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.97−0.005%$24.3M$38.5M50xas long as short
Variational Omni SOL+0.0100%8h119.01+0.030%$27.2M$129.0Mas long as short
edgeX SOLUSDC+0.0100%4h118.97−0.009%$95.6M$403.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.98−0.001%$48.7M$31.3M20xas long as short
StandX SOL-USD+0.0100%1h119.04+0.054%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.00+0.020%$366K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.00+0.022%$202K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h119.00+0.024%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h118.980.000%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.96−0.013%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.98+0.003%$46.5M$102.8M50xas long as short
Phoenix SOL+0.0100%1h119.08+0.087%$6.6M$13.7M25xas long as short
Aftermath Perps SOLUSD+0.0104%1h119.14+0.139%$24K$47K20xas long as short
Extended SOL-USD+0.0104%1h118.90−0.064%$8.7M$36.0M50xas long as short
Kraken Futures PF_SOLUSD+0.0105%1h118.98+0.001%$32.6M$97.1M100xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.99+0.015%$225.3M500xas long as short
GMX SOL/USD [SOL-USDC]L +0.0168% / S −0.0068%1h119.02+0.037%$3.8M200xas long as short
Injective SOL/USDC PERP+0.0170%1h119.60+0.524%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0183%1h118.98+0.005%$1.1M$538K25xas long as short
BloFin SOL-USDT+0.0220%8h118.95−0.022%$52.2M$81.7M125xas long as short
RISEx SOL/USDC+0.0226%1h119.05+0.063%$1.7M$5.2M20xas long as short