Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: ApeX Omni against Hyperliquid−0.595%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 7 days+0.604%+$60 · spread now −0.595%, 7d avg −0.036%

Together, before fees+0.323%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 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 0.559% cheaper against Hyperliquid than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	116.70	0.0100	pay 0.0013% / 1h	23m 13s	$700.9M	$387.2M	20x
Short	ApeX Omni SOLUSDT	116.01	0.0100	get 0.0013% / 1h	23m 13s	$1.1M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.595%Rate

Funding earned: $0
Price spread: −0.595% → −0.036%: −$55.86
Slippage, 4 orders: −$6.8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$81.66
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; ApeX Omni: live order book, 1 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 Hyperliquid live order book, 11 min ago	0.43 bp	5.7 bp −$6	6.2 bp −$62	8.7 bp −$873	doesn't fit
Sell ApeX Omni live order book, 1 min ago	2.57 bp	7.6 bp −$8	11.6 bp −$116	72.0 bp −$7,199	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
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.141%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.750%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.74	+0.033%	$32.4M	$103.8M	100x	as long as short
Bybit SOLUSDT	−0.0024%	8h	116.64	−0.051%	$729.9M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	−0.051%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.66	−0.033%	$1.4M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.64	−0.048%	$100K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0004%	1h	116.50	−0.173%	—	$640K	20x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.24	−0.396%	$7.5M	$24.4M	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.64	−0.051%	$481.7M	$439.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.72	+0.021%	$7.8M	$389.8M	50x	as long as short
Aster SOLUSDT	+0.0051%	8h	116.64	−0.049%	$177.0M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.66	−0.034%	$1.0M	$5.7M	100x	as long as short
Phemex SOLUSDT	+0.0069%	8h	116.65	−0.043%	$45.3M	$102.9M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	116.55	−0.129%	$843.9M	$617.2M	100x	as long as short
SoDEX SOL-USD	+0.0087%	1h	116.69	−0.009%	$6.0M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.67	−0.024%	$13.1M	$56.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.65	−0.045%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.64	−0.055%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.52	−0.152%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.49	−0.180%	$59K	$905K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	−0.150%	$5.4M	$40.9M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	116.70	long leg	$700.9M	$387.2M	20x
Pacifica SOL	+0.0100%	1h	116.57	−0.110%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.66	−0.035%	$962.0M	$3.79B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.67	−0.026%	$366.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.197%	$217K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.55	−0.125%	$947K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.64	−0.051%	$409.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	−0.039%	$130.1M	$236.8M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.65	−0.045%	—	$368.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	−0.026%	$22.9M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.98	−0.615%	$24.7M	$104.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.15	−0.475%	$93.3M	$405.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.18	−0.442%	$47.6M	$27.7M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.01	−0.595%	$1.1M	$6.6M	50x
StandX SOL-USD	+0.0100%	1h	116.31	−0.334%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	−0.086%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	−0.037%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.51	−0.160%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	−0.057%	$225.8M	$50.2M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.76	−0.809%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	−0.075%	$8.1M	$35.6M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.57	−0.111%	$100K	$185K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	−0.124%	—	$227.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.08	−0.531%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.75	+0.044%	$26.2M	$21.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	116.40	−0.253%	$104K	$677K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.308%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.58	−0.101%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.034%	$52.3M	$62.3M	125x	as long as short
Bluefin SOL-PERP	+0.0229%	1h	116.64	−0.048%	$27K	$36K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	−0.037%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0403%	1h	116.24	−0.394%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.57	−0.113%	$2.2M	$4.8M	20x	as long as short