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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: ApeX Omni against Pacifica−0.206%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days+0.233%+$23 · spread now −0.206%, 7d avg −0.016%

Together, before fees−0.019%+ Points / potential airdropPacifica: Active · farm board−$2 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 0.190% cheaper against Pacifica than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	116.84	0.0100	pay 0.0013% / 1h	30m 52s	$15.7M	$130.4M	20x
Short	ApeX Omni SOLUSDT	116.60	0.0100	get 0.0013% / 1h	30m 52s	$1.2M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.016%: −$19.01
Slippage, 4 orders: −$3.84
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.86
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Pacifica: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 3 min ago	0.43 bp	4.4 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	1.29 bp	6.3 bp −$6	10.3 bp −$103	72.4 bp −$7,241	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
Vest SOL-PERP	−0.0096%	1h	116.75	−0.076%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.63	−0.182%	$103K	$701K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	−0.114%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.75	−0.083%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.84	−0.002%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.83	−0.006%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.79	−0.047%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.86	+0.015%	$100K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.86	+0.011%	$7.5M	$405.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.84	+0.001%	$31.1M	$100.3M	100x	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	+0.0091%	8h	116.84	−0.003%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.82	−0.016%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.84	0.000%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.82	−0.019%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.75	−0.079%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.84	+0.001%	$989K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.83	−0.008%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.92	+0.067%	$705.9M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.88	+0.032%	$175.2M	$182.6M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	116.84	long leg	$15.7M	$130.4M	20x
Binance SOLUSDT	+0.0100%	8h	116.89	+0.040%	$967.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.86	+0.016%	$786.7M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.91	+0.058%	$369.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.147%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	−0.003%	$928K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.336%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.86	+0.015%	$844.3M	$660.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.89	+0.041%	$404.4M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.88	+0.032%	$126.7M	$218.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.87	+0.024%	$480.5M	$441.7M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.88	+0.028%	—	$365.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	−0.010%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.77	−0.058%	$24.4M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.356%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.339%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.60	−0.206%	$1.2M	$6.6M	50x
StandX SOL-USD	+0.0100%	1h	116.68	−0.139%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.84	−0.002%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.82	−0.018%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.81	−0.025%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.80	−0.036%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.84	−0.002%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.75	−0.081%	$226.5M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.81	−0.028%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.83	−0.009%	$8.1M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.83	−0.014%	—	$230.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.241%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.80	−0.036%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	116.89	+0.039%	$26.4M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.81	−0.024%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.86	+0.015%	$51.8M	$72.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.83	−0.010%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.83	−0.010%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.64	−0.170%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.89	+0.043%	$1.9M	$4.9M	20x	as long as short