Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: ApeX Omni against Phemex+0.026%77s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.255% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.026%, 7d avg −0.022%

Together, before fees−0.216%−$22 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 0.048% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	116.84	0.0100	pay 0.0100% / 8h	3h 59m	$45.7M	$102.2M	50x
Short	ApeX Omni SOLUSDT	116.87	0.0100	get 0.0013% / 1h	59m 54s	$1.2M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.022%: $4.75
Slippage, 4 orders: −$3.55
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.79
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Phemex live order book, 4 min ago	0.43 bp	6.4 bp −$6	6.5 bp −$65	15.2 bp −$1,517	doesn't fit
Sell ApeX Omni live order book, 4 min ago	0.86 bp	6.2 bp −$6	8.7 bp −$87	58.8 bp −$5,876	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
Hibachi SOL/USDT-P	−0.0176%	1h	116.98	+0.120%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0099%	1h	116.88	+0.037%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.85	+0.011%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.95	+0.094%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.97	+0.107%	$1.4M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.96	+0.102%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0016%	1h	116.88	+0.035%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.95	+0.094%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.90	+0.051%	$7.5M	$404.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.89	+0.041%	$31.0M	$99.9M	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	+0.0093%	8h	116.96	+0.104%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.95	+0.094%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.88	+0.031%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.95	+0.092%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.94	+0.086%	$51K	$872K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.98	+0.119%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.92	+0.068%	$5.5M	$39.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.86	+0.017%	$705.7M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.78	−0.051%	$174.8M	$182.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.99	+0.125%	$15.8M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.80	−0.030%	$973.1M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.73	−0.097%	$781.0M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.76	−0.068%	$369.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.88	+0.034%	$231K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.96	+0.102%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.122%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.73	−0.094%	$843.8M	$667.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.82	−0.017%	$369.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.79	−0.044%	$129.2M	$221.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.72	−0.104%	$479.4M	$441.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.78	−0.056%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.82	−0.017%	$23.2M	$39.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	+0.064%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.78	−0.051%	$93.8M	$397.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	0.000%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.87	+0.026%	$1.2M	$6.7M	50x
StandX SOL-USD	+0.0100%	1h	116.79	−0.043%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.93	+0.077%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.93	+0.076%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.94	+0.083%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.87	+0.023%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.88	+0.034%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.94	+0.090%	$226.8M	$47.4M	75x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	116.84	long leg	$45.7M	$102.2M	50x
Extended SOL-USD	+0.0104%	1h	116.72	−0.105%	$8.3M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.93	+0.075%	—	$231.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.103%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	+0.128%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0164%	1h	117.01	+0.143%	$26.4M	$23.5M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.90	+0.054%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.95	+0.094%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.94	+0.090%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.94	+0.088%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0518%	1h	116.87	+0.026%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	117.01	+0.142%	$1.9M	$4.8M	20x	as long as short