Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: ApeX Omni against SunX+0.139%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.356%−$36 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.139%, 7d avg 0.000%

Together, before fees−0.475%−$47 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 0.139% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	119.15	0.0100	pay 0.0100% / 8h	1h 50m	$193K	$1.9M	30x
Short	ApeX Omni SOLUSDT	119.31	0.0100	get 0.0013% / 1h	50m 57s	$1.5M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → 0.000%: $13.88
Slippage, 4 orders: −$34.94
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.06
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from SunX: live order book, 5 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 SunX live order book, 5 min ago	3.26 bp	21.0 bp −$21	36.2 bp −$362	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	0.42 bp	6.3 bp −$6	9.3 bp −$93	69.7 bp −$6,971	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
Derive SOL-PERP	−0.0094%	1h	119.06	−0.076%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.22	+0.063%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.12	−0.021%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.22	+0.061%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.16	+0.013%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.22	+0.060%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.18	+0.031%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.29	+0.121%	$120K	$625K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	+0.187%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0057%	1h	119.29	+0.118%	$24K	$47K	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	+0.0065%	8h	119.15	+0.005%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.13	−0.015%	$232.0M	$44.6M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.14	−0.009%	—	$10.5M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0086%	1h	119.18	+0.024%	$26.7M	$27.6M	50x	as long as short
Gate SOL_USDT	+0.0095%	8h	119.14	−0.006%	$867.2M	$676.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.08	−0.052%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.08	−0.057%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.20	+0.044%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.13	−0.014%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.12	−0.024%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.17	+0.019%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.15	+0.003%	$6.2M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.19	+0.036%	$718.9M	$413.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.09	−0.045%	$178.5M	$176.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.21	+0.051%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.16	+0.010%	$981.6M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.17	+0.021%	$822.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	−0.006%	$371.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.245%	$234K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.22	+0.063%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	+0.004%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.10	−0.040%	$437.0M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.13	−0.014%	$140.6M	$199.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.16	+0.011%	$495.4M	$454.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.11	−0.031%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.31	+0.140%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	+0.189%	$95.9M	$397.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.47	+0.273%	$48.9M	$32.6M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	119.31	+0.139%	$1.5M	$6.2M	50x
StandX SOL-USD	+0.0100%	1h	119.34	+0.162%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.14	−0.006%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.13	−0.013%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.15	+0.004%	$38K	$16K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	119.15	long leg	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.12	−0.023%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.10	−0.040%	$46.5M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.07	−0.061%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	+0.001%	$8.2M	$415.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.24	+0.078%	—	$222.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.13	−0.016%	$32.7M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.17	+0.017%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.12	−0.025%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.19	+0.039%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.220%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.05	−0.082%	$52.0M	$86.9M	125x	as long as short