Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.056%7-day average −0.060% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.056%, 7d avg −0.060%

Together, before fees−0.066%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$7 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: Extended is 0.116% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	117.49	0.0100	pay 0.0100% / 8h	6h 11m	$24.3M	$121.0M	—
Short	Extended SOL-USD	117.56	0.0104	get 0.0013% / 1h	11m 08s	$8.1M	$36.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0.84
Price spread: +0.056% → −0.060%: $11.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $7.45
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Extended: 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	1.19 bp	doesn't fit	1.5 bp −$15	10.0 bp −$1,003	doesn't fit
Sell Extended live order book, 3 min ago	0.43 bp	2.9 bp −$3	3.2 bp −$32	6.5 bp −$646	doesn't fit

SOL on 54 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	117.59	+0.086%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.48	−0.013%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	−0.005%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.59	+0.081%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	+0.071%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.61	+0.099%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.52	+0.020%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.49	0.000%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.63	+0.112%	$100K	$691K	20x	as long as short
Gate SOL_USDT	+0.0042%	8h	117.59	+0.081%	$849.4M	$665.3M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.59	+0.083%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.50	+0.008%	$228.3M	$45.5M	75x	as long as short
ApeX Omni SOLUSDT	+0.0065%	1h	117.57	+0.066%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.61	+0.103%	$8.0M	$408.4M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.53	+0.035%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.57	+0.066%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.59	+0.081%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.58	+0.071%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.52	+0.022%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.56	+0.054%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.53	+0.028%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.47	−0.021%	$67K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.48	−0.012%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.57	+0.063%	$176.5M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	+0.053%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.52	+0.021%	$968.6M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.53	+0.032%	$819.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.51	+0.013%	$366.3M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	+0.013%	$238K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.50	+0.005%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.026%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.59	+0.081%	$425.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	+0.074%	$130.5M	$211.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.49	−0.002%	$486.8M	$440.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.58	+0.073%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	117.49	long leg	$24.3M	$121.0M	—
edgeX SOLUSDC	+0.0100%	4h	117.50	+0.006%	$94.4M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	+0.101%	$48.2M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.60	+0.090%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	−0.004%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.50	+0.008%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.56	+0.052%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.46	−0.026%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.59	+0.081%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	+0.090%	$45.8M	$101.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.66	+0.141%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USDshort	+0.0104%	1h	117.56	+0.056%	$8.1M	$36.2M	50x
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.50	+0.002%	—	$225.3M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	117.69	+0.167%	$719.7M	$401.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.48	−0.015%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.320%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.50	+0.002%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.64	+0.124%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.52	+0.025%	$128K	$3.9M	8.3x	as long as short