Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against edgeX−0.006%74s7-day average +0.031% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.006%, 7d avg +0.031%

Together, before fees+0.041%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$4 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 0.037% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 74 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	edgeX SOLUSDC	117.50	0.0100	pay 0.0050% / 4h	2h 10m	$94.4M	$405.6M	75x
Short	Variational Omni SOL	117.49	0.0100	get 0.0100% / 8h	6h 10m	$24.3M	$121.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.031%: −$3.72
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.72
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: 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 edgeX live order book, 4 min ago	2.12 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$671	10.1 bp −$5,072
Sell Variational Omni RFQ quote, 4 min ago	1.19 bp	doesn't fit	2.4 bp −$24	11.1 bp −$1,106	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.55	+0.044%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.40	−0.089%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.38	−0.102%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.44	−0.053%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	+0.065%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.42	−0.067%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.45	−0.040%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.32	−0.157%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.63	+0.106%	$100K	$691K	20x	as long as short
Gate SOL_USDT	+0.0042%	8h	117.39	−0.095%	$847.5M	$665.5M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.40	−0.090%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.50	+0.002%	$228.3M	$45.5M	75x	as long as short
ApeX Omni SOLUSDT	+0.0065%	1h	117.57	+0.060%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.39	−0.095%	$8.0M	$407.3M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.39	−0.094%	—	$369.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.39	−0.091%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.44	−0.051%	$13.0M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.50	−0.005%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.42	−0.069%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.38	−0.101%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.47	−0.028%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.41	−0.078%	$67K	$856K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.46	−0.031%	$5.8M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.42	−0.073%	$176.2M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.49	−0.014%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.38	−0.099%	$967.5M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.39	−0.095%	$818.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.40	−0.086%	$365.8M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	−0.078%	$238K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.44	−0.052%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.020%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	−0.086%	$424.2M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.42	−0.069%	$130.2M	$211.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.38	−0.101%	$486.4M	$440.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.58	+0.067%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	117.49	−0.006%	$24.3M	$121.0M	—
edgeX SOLUSDClong	+0.0100%	4h	117.50	long leg	$94.4M	$405.6M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	+0.095%	$48.2M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.50	−0.001%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	−0.086%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.40	−0.090%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.39	−0.096%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.39	−0.091%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.39	−0.095%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	+0.084%	$45.8M	$101.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.66	+0.135%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.36	−0.120%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.41	−0.080%	—	$225.3M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	117.51	+0.012%	$718.7M	$401.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.38	−0.107%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.314%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.38	−0.101%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.61	+0.092%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.46	−0.034%	$128K	$3.9M	8.3x	as long as short