Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.027%

Price spread now: ApeX Omni against Variational Omni+0.635%103s7-day average −0.015% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.152%−$15 on $10k

Price spread, last 7 days−0.630%−$63 · spread now +0.635%, 7d avg −0.015%

Together, before fees−0.782%+ Points / potential airdropVariational Omni: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.650% dearer against Variational Omni than usual: you sell high and buy low (spread +0.635% now, against its 7-day average of −0.015%): +$65 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days. At the pace of the last 3 days (−0.152% in total) that is about 14 days. The two prices were read 103 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	Variational Omni SOL	117.61	0.0100	pay 0.0100% / 8h	6h 55m	$24.4M	$130.2M	—
Short	ApeX Omni SOLUSDT	118.35	0.0031	get 0.0004% / 1h	55m 48s	$1.5M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.635%Rate

Funding earned: −$14.52
Price spread: +0.635% → −0.015%: $64.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $40.48
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	1.23 bp	doesn't fit	1.2 bp −$12	6.6 bp −$655	doesn't fit
Sell ApeX Omni live order book, 3 min ago	2.12 bp	7.3 bp −$7	10.5 bp −$105	71.4 bp −$7,143	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
Hotstuff SOL-PERP	−0.0080%	1h	117.96	+0.298%	$922	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	118.00	+0.334%	$95K	$695K	20x	as long as short
Vest SOL-PERP	−0.0080%	1h	117.73	+0.107%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0073%	8h	117.51	−0.080%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERP	−0.0062%	1h	117.54	−0.057%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.63	+0.020%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.031%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.75	+0.122%	$1.6M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.72	+0.097%	$131K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.69	+0.071%	$26.3M	$25.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.67	+0.051%	$1.8M	$4.6M	20x	as long as short
Gate SOL_USDT	+0.0023%	8h	117.55	−0.048%	$842.2M	$646.8M	100x	as long as short
ApeX Omni SOLUSDTshort	+0.0031%	1h	118.35	+0.635%	$1.5M	$6.1M	50x
01 Exchange SOLUSD	+0.0048%	1h	117.76	+0.130%	$102K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.60	−0.003%	$31.6M	$98.4M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.61	+0.003%	$7.8M	$408.6M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.55	−0.048%	—	$369.9M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.63	+0.018%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.51	−0.081%	$13.1M	$57.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.50	−0.095%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.67	+0.051%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.60	−0.006%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.69	+0.071%	$43K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.74	+0.118%	$5.7M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.62	+0.014%	$716.7M	$401.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.58	−0.021%	$177.5M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.037%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.53	−0.065%	$972.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.63	+0.020%	$818.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.60	−0.006%	$364.4M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.64	+0.028%	$255K	$899K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.68	+0.065%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.462%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.57	−0.031%	$421.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.66	+0.048%	$135.9M	$205.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.50	−0.089%	$488.1M	$445.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.60	−0.006%	$23.7M	$36.8M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	117.61	long leg	$24.4M	$130.2M	—
edgeX SOLUSDC	+0.0100%	4h	118.25	+0.550%	$95.0M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.37	+0.645%	$48.5M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.09	+0.411%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.70	+0.079%	$352K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.62	+0.008%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.61	−0.002%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.64	+0.031%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.64	+0.028%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	−0.006%	$45.9M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.029%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.75	+0.120%	—	$227.6M	500x	as long as short
Phoenix SOL	+0.0114%	1h	118.33	+0.615%	$6.5M	$13.3M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.69	+0.067%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	+0.207%	$51.9M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.610%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.63	+0.017%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0274%	1h	118.36	+0.637%	$25K	$51K	20x	as long as short