Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni−0.053%7-day average −0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.053%, 7d avg −0.005%

Together, before fees+0.058%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: Binance is 0.047% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	117.98	0.0100	pay 0.0100% / 8h	5h 18m	$24.4M	$115.1M	—
Short	Binance SOLUSDT	117.92	0.0100	get 0.0100% / 8h	5h 18m	$971.6M	$3.72B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.005%: −$4.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Binance: live order book, 10 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, just now	1.19 bp	doesn't fit	3.0 bp −$30	9.2 bp −$916	doesn't fit
Sell Binance live order book, 10 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	8.3 bp −$832	19.0 bp −$9,491

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
Bluefin SOL-PERP	−0.0160%	1h	117.96	−0.017%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.00	+0.018%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0066%	1h	117.93	−0.043%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.97	−0.008%	$31.6M	$98.6M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.90	−0.074%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.00	+0.014%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.98	−0.006%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	117.99	+0.005%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.01	+0.023%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.98	−0.004%	$8.0M	$404.8M	50x	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	+0.0090%	8h	117.98	0.000%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.97	−0.015%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.93	−0.047%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.95	−0.031%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.99	+0.006%	$54K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.98	−0.004%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.98	−0.003%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.97	−0.011%	$177.7M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.98	−0.002%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	117.92	−0.053%	$971.6M	$3.72B	100x
Bybit SOLUSDT	+0.0100%	8h	117.95	−0.031%	$831.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.93	−0.045%	$367.6M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.95	−0.028%	$239K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.94	−0.032%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.335%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.96	−0.020%	$859.9M	$652.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.91	−0.062%	$424.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	−0.042%	$130.2M	$212.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.93	−0.048%	$488.5M	$431.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.90	−0.068%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.96	−0.020%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	117.98	long leg	$24.4M	$115.1M	—
edgeX SOLUSDC	+0.0100%	4h	117.98	0.000%	$94.8M	$393.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.86	−0.104%	$48.3M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.02	+0.029%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.05	+0.057%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.00	+0.014%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.00	+0.012%	$201K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.00	+0.014%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.020%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.94	−0.041%	$229.1M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.01	+0.023%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0100%	8h	118.03	+0.038%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.89	−0.079%	$8.2M	$36.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0112%	1h	118.02	+0.027%	$26.5M	$24.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.95	−0.024%	—	$215.7M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.082%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.01	+0.024%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0178%	1h	118.09	+0.092%	$722.4M	$389.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.97	−0.014%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.418%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.96	−0.020%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	118.01	+0.021%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	118.00	+0.016%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0402%	1h	117.86	−0.104%	$25K	$51K	20x	as long as short