Funding arb · Price arb /

SOL

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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 +0.001%

Price spread now: Variational Omni against MEXC+0.410%7-day average +0.008% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.432%−$43 · spread now +0.410%, 7d avg +0.008%

Together, before fees−0.432%+ Points / potential airdropVariational Omni: Active · farm board−$43 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 0.402% dearer against MEXC than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	118.84	0.0100	pay 0.0100% / 8h	2h 58m	$469.8M	$1.07B	300x
Short	Variational Omni SOL	119.33	0.0100	get 0.0100% / 8h	2h 58m	$27.8M	$126.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.410%Rate

Funding earned: $0
Price spread: +0.410% → +0.008%: $40.18
Slippage, 4 orders: no order book: not counted
Fee MEXC: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $38.18
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 MEXC live order book, 1 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$270	5.3 bp −$2,638
Sell Variational Omni RFQ quote, 1 min ago	1.22 bp	doesn't fit	2.6 bp −$26	10.4 bp −$1,045	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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.135%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.94	+0.084%	—	$731K	20x	as long as short
Aftermath Perps SOLUSD	−0.0083%	1h	119.05	+0.178%	$24K	$48K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.05	+0.173%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.83	−0.011%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.94	+0.084%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.04	+0.169%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	119.01	+0.142%	$191K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	118.95	+0.091%	$26.7M	$27.9M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	118.98	+0.118%	$104K	$154K	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	+0.0055%	8h	118.92	+0.063%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0065%	8h	118.86	+0.019%	$231.6M	$43.8M	75x	as long as short
SoDEX SOL-USD	+0.0067%	1h	118.87	+0.025%	$6.2M	$10.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0076%	1h	119.13	+0.243%	$1.5M	$6.3M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	118.89	+0.042%	$858.0M	$672.4M	100x	as long as short
KuCoin SOLUSDTM	+0.0083%	8h	118.88	+0.036%	$144.5M	$196.5M	75x	as long as short
Bullet SOL-USD	+0.0087%	1h	118.90	+0.051%	$199K	$1.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	118.88	+0.032%	$13.4M	$52.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.86	+0.017%	$2.0M	$16.5M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	118.86	+0.018%	$495.9M	$452.4M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	+0.027%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.98	+0.116%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.00	+0.135%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.05	+0.177%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.97	+0.109%	$718.2M	$443.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.88	+0.034%	$179.8M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.06	+0.185%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.89	+0.042%	$976.2M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.92	+0.069%	$822.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.90	+0.050%	$367.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.16	+0.269%	$234K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.03	+0.160%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.208%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	118.84	long leg	$469.8M	$1.07B	300x
BingX SOL-USDT	+0.0100%	8h	118.86	+0.019%	—	$372.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	+0.034%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.33	+0.410%	$27.8M	$126.3M	—
edgeX SOLUSDC	+0.0100%	4h	119.09	+0.206%	$95.6M	$395.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.08	+0.198%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	+0.219%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	+0.101%	$361K	$2.4M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.92	+0.068%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.86	+0.019%	$193K	$1.9M	30x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.85	+0.008%	$46.4M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.87	+0.027%	$8.7M	$37.4M	50x	as long as short
Kalshi KXSOLPERP	+0.0111%	8h	119.05	+0.181%	$1.2M	$21.0M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.92	+0.064%	$8.0M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.07	+0.198%	—	$218.3M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	119.10	+0.220%	$123K	$608K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.28	+0.370%	$7.3M	$11.2M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.00	+0.136%	$1.6M	$6.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.94	+0.081%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.07	+0.194%	$51.7M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.89	+0.042%	$36.1M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0178%	1h	118.94	+0.081%	$3.5M	—	200x	as long as short