Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Variational Omni−0.063%7-day average −0.034% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.063%, 7d avg −0.034%

Together, before fees+0.053%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$5 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: edgeX is 0.030% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	118.85	0.0100	pay 0.0100% / 8h	2h 40m	$27.6M	$127.2M	—
Short	edgeX SOLUSDC	118.77	0.0100	get 0.0050% / 4h	2h 40m	$95.4M	$397.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.034%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.95
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; edgeX: 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	1.22 bp	doesn't fit	1.6 bp −$16	8.6 bp −$855	doesn't fit
Sell edgeX live order book, 3 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$711	10.4 bp −$5,178

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	118.89	+0.037%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.69	−0.128%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.70	−0.127%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.81	−0.030%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0037%	1h	118.83	−0.012%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.78	−0.056%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.77	−0.059%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.74	−0.088%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.68	−0.142%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	−0.089%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	118.83	−0.011%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	−0.057%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0070%	8h	118.66	−0.160%	$231.2M	$43.7M	75x	as long as short
BingX SOL-USDT	+0.0070%	8h	118.75	−0.085%	—	$371.5M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.78	−0.055%	$104K	$152K	20x	as long as short
Gate SOL_USDT	+0.0080%	8h	118.73	−0.097%	$857.2M	$678.0M	100x	as long as short
KuCoin SOLUSDTM	+0.0095%	8h	118.75	−0.080%	$143.7M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.77	−0.062%	$13.4M	$53.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.76	−0.070%	$2.0M	$16.7M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.83	−0.012%	$123K	$606K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.74	−0.088%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.70	−0.121%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.72	−0.106%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	−0.108%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.83	−0.011%	$716.4M	$425.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.73	−0.096%	$178.8M	$174.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.72	−0.107%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.74	−0.088%	$970.8M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.77	−0.064%	$820.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.73	−0.097%	$369.6M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.165%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.78	−0.051%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.75	−0.080%	$466.4M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	−0.077%	$495.7M	$448.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.78	−0.055%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	118.85	long leg	$27.6M	$127.2M	—
edgeX SOLUSDCshort	+0.0100%	4h	118.77	−0.063%	$95.4M	$397.6M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.158%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.81	−0.030%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.74	−0.089%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.74	−0.085%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.73	−0.095%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	−0.094%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.77	−0.064%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	−0.080%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.114%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	−0.091%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.82	−0.020%	$8.1M	$413.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.75	−0.083%	—	$217.5M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.063%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	−0.058%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.78	−0.053%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.73	−0.094%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	−0.080%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.80	−0.037%	$36.1M	$89.7M	100x	as long as short