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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0131%/8h= −14.4% APRnext payment $0.16 per $10,000 · paid last 24h −0.045%
Price spread now: ApeX Omni against GMX−0.021%7-day average −0.047% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.276%−$28 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.021%, 7d avg −0.047%
Together, before fees−0.366%−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.026% dearer against GMX than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.047%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.276% in total) that is about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX SOL/USD [SOL-USDC]116.72L +0.0231% / S −0.0169%pay 0.0029% / 1h44m 51s$3.5M200x
ShortApeX Omni SOLUSDT116.700.0100get 0.0013% / 1h44m 51s$1.2M$6.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
−$27.6
Price spread: −0.021% → −0.047%
$2.62
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$46.98
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 4 min ago0.43 bp5.4 bp −$59.3 bp −$9367.2 bp −$6,720doesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hibachi SOL/USDT-P−0.0168%1h116.76+0.031%$96K$681K20xas long as short
Kraken Futures PF_SOLUSD−0.0153%1h116.74+0.019%$32.3M$106.1M100xas long as short
Bybit SOLUSDT−0.0110%8h116.73+0.007%$737.5M$1.43B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.68−0.033%$1K$8K25xas long as short
Derive SOL-PERP−0.0080%1h116.68−0.032%$1.9M$3.0M13xas long as short
Injective SOL/USDC PERP−0.0055%1h116.85+0.110%$4K$2K12xas long as short
Vest SOL-PERP−0.0046%1h116.68−0.038%$631K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.71−0.013%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.73+0.004%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m116.70−0.017%$106K$3.5M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0008%1h116.70−0.019%$4.3M$23.6M20xas long as short
Lighter RH SOL+0.0016%1h116.70−0.022%$2.2M$16.7M25xas long as short
Bitget SOLUSDT+0.0028%8h116.69−0.029%$481.5M$457.8M100xas long as short
SoDEX SOL-USD+0.0035%1h116.69−0.027%$6.1M$11.0M20xas long as short
01 Exchange SOLUSD+0.0048%1h116.72−0.002%$99K$177K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.75+0.023%$8.0M$402.0M50xas long as short
Aster SOLUSDT+0.0063%8h116.73+0.007%$177.2M$168.6M100xas long as short
Orderly PERP_SOL_USDC+0.0077%8h116.68−0.039%$1.0M$5.9M100xas long as short
Paradex SOL-USD-PERP+0.0094%8h116.69−0.026%$1.0M$554K50xas long as short
Lighter SOL+0.0096%1h116.71−0.010%$13.2M$60.4M25xas long as short
Aevo SOL-PERP+0.0096%1h116.69−0.023%$352K$256K20xas long as short
Katana Perps SOL-USD+0.0100%8h116.67−0.044%$66K$909K20xas long as short
Nado SOL-PERP+0.0100%1h116.68−0.037%$5.3M$41.5M40xas long as short
Hyperliquid SOL+0.0100%1h116.85+0.110%$704.5M$408.1M20xas long as short
Pacifica SOL+0.0100%1h116.74+0.013%$15.7M$130.4M20xas long as short
Binance SOLUSDT+0.0100%8h116.74+0.015%$966.4M$3.87B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.75+0.024%$368.8M$1.77B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.65−0.061%$217K$832K10xas long as short
Arcus SOL-USD+0.0100%1h116.71−0.008%$900K$8.5M20xas long as short
Bulk SOL-USD+0.0100%1h116.55−0.146%$125.5M$25.2M20xas long as short
Gate SOL_USDT+0.0100%8h116.73+0.007%$850.5M$659.4M100xas long as short
MEXC SOL_USDT+0.0100%8h116.74+0.016%$368.1M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.74+0.012%$132.5M$233.6M75xas long as short
BingX SOL-USDT+0.0100%8h116.74+0.017%$373.8Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.73+0.007%$23.1M$35.9M50xas long as short
Variational Omni SOL+0.0100%8h116.71−0.008%$25.0M$108.8Mas long as short
edgeX SOLUSDC+0.0100%4h116.73+0.003%$93.7M$406.9M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.70−0.019%$47.8M$29.4M20xas long as short
ApeX Omni SOLUSDTshort+0.0100%1h116.70−0.021%$1.2M$6.8M50x
StandX SOL-USD+0.0100%1h116.74+0.016%$1.3M$11.7M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.69−0.027%$313K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h116.70−0.022%$242K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.70−0.019%$27K$36K25xas long as short
SunX SOL-USDT+0.0100%8h116.68−0.033%$190K$1.7M30xas long as short
HTX SOL-USDT+0.0100%8h116.64−0.069%$225.8M$50.6M75xas long as short
Phemex SOLUSDT+0.0100%8h116.71−0.010%$45.4M$104.5M50xas long as short
Extended SOL-USD+0.0104%1h116.69−0.025%$8.2M$38.1M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0107%1h116.76+0.035%$26.5M$22.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.71−0.008%$233.7M500xas long as short
Phoenix SOL+0.0130%1h116.80+0.067%$6.5M$13.6M25xas long as short
Reya SOLRUSDPERP+0.0195%1h116.66−0.053%$1.1M$545K25xas long as short
BloFin SOL-USDT+0.0220%8h116.67−0.044%$52.1M$66.1M125xas long as short
GMX SOL/USD [SOL-USDC]longL +0.0231% / S −0.0169%1h116.72long leg$3.5M200x
RISEx SOL/USDC+0.0485%1h116.77+0.038%$2.1M$4.8M20xas long as short
Aftermath Perps SOLUSD+0.0487%1h116.73+0.003%$25K$57K20xas long as short