Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Pacifica−0.060%7-day average −0.002% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.060%, 7d avg −0.002%

Together, before fees+0.035%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$3 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 0.058% cheaper against Pacifica than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	119.89	0.0100	pay 0.0013% / 1h	19m 27s	$12.5M	$115.5M	20x
Short	Variational Omni SOL	119.82	0.0100	get 0.0100% / 8h	2h 19m	$27.5M	$127.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.002%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.8
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Pacifica live order book, 5 min ago	0.42 bp	4.4 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	1.21 bp	doesn't fit	1.2 bp −$12	5.6 bp −$556	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	119.15	−0.617%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.85	−0.033%	$850	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.76	−0.110%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0045%	1h	119.64	−0.210%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.88	−0.011%	$5.1M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.68	−0.178%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.88	−0.012%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.81	−0.071%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0023%	1h	119.61	−0.234%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0050%	1h	119.94	+0.039%	$26.9M	$27.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0055%	8h	119.74	−0.124%	$233.2M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.86	−0.023%	$120K	$622K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.74	−0.128%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.88	−0.008%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.67	−0.181%	—	$372.8M	—	as long as short
Gate SOL_USDT	+0.0090%	8h	119.77	−0.100%	$874.5M	$687.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.87	−0.019%	$13.7M	$54.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.84	−0.043%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.72	−0.142%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.91	+0.013%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.87	−0.017%	$49K	$788K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.84	−0.041%	$6.4M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.87	−0.017%	$723.7M	$413.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.84	−0.042%	$180.4M	$175.7M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	119.89	long leg	$12.5M	$115.5M	20x
Binance SOLUSDT	+0.0100%	8h	119.72	−0.145%	$981.4M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.70	−0.158%	$828.0M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.68	−0.175%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.91	+0.017%	$235K	$879K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.90	+0.006%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.194%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.78	−0.092%	$440.0M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.84	−0.043%	$141.7M	$197.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.70	−0.154%	$500.3M	$452.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.95	+0.050%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.82	−0.060%	$27.5M	$127.6M	—
edgeX SOLUSDC	+0.0100%	4h	119.73	−0.134%	$96.2M	$400.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.259%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	−0.121%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.82	−0.058%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.78	−0.092%	$373K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.74	−0.125%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.72	−0.143%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.83	−0.054%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.90	+0.008%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.86	−0.025%	$46.8M	$101.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.81	−0.068%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.95	+0.053%	$8.3M	$418.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.70	−0.162%	—	$220.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	−0.117%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.88	−0.007%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.76	−0.104%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.77	−0.100%	$51.6M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.94	+0.040%	$35.8M	$91.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0172%	1h	119.70	−0.161%	$3.6M	—	200x	as long as short