Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
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 −0.003%
Price spread now: Phemex against Variational Omni−0.117%56s7-day average +0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.117%, 7d avg +0.006%
Together, before fees+0.148%+ Points / potential airdropVariational Omni: Active · farm board+$15 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: Phemex is 0.124% cheaper against Variational Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SOL115.960.0100pay 0.0100% / 8h2h 39m$25.0M$114.1M
ShortPhemex SOLUSDT115.820.0100get 0.0100% / 8h2h 39m$45.1M$103.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: −0.117% → +0.006%
−$12.36
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$24.36
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 5 min ago1.20 bpdoesn't fit2.3 bp −$239.3 bp −$929doesn't fit
Sell Phemex live order book, 5 min ago0.43 bp10.6 bp −$1111.5 bp −$11517.3 bp −$1,728doesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0241%1h115.79−0.145%$31.7M$103.8M100xas long as short
Hibachi SOL/USDT-P−0.0224%1h116.07+0.097%$104K$705K20xas long as short
Derive SOL-PERP−0.0125%1h115.73−0.197%$1.9M$2.9M13xas long as short
Vest SOL-PERP−0.0120%1h115.75−0.179%$625K20xas long as short
Bybit SOLUSDT−0.0115%8h115.78−0.152%$739.7M$1.41B100xas long as short
Hotstuff SOL-PERP−0.0080%1h115.85−0.095%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.82−0.114%$41K150xas long as short
01 Exchange SOLUSD0.0000%1h115.71−0.212%$98K$177K20xas long as short
Kalshi KXSOLPERP0.0000%8h115.81−0.128%$1.5M$19.2M3.1xas long as short
Perpl SOL0.0000%43m115.71−0.215%$112K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0013%1h115.76−0.172%$4.3M$24.6M20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h115.78−0.156%$7.8M$403.8M50xas long as short
Bullet SOL-USD+0.0057%1h115.79−0.145%$146K$1.6M20xas long as short
Bitget SOLUSDT+0.0071%8h115.78−0.154%$479.6M$454.5M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0090%1h115.86−0.079%$26.2M$22.4M50xas long as short
Orderly PERP_SOL_USDC+0.0095%8h115.83−0.112%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h115.75−0.178%$12.9M$60.8M25xas long as short
Lighter RH SOL+0.0096%1h115.74−0.185%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h115.80−0.135%$348K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h115.66−0.255%$65K$906K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h115.73−0.197%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h115.66−0.255%$5.3M$40.5M40xas long as short
Hyperliquid SOL+0.0100%1h115.82−0.117%$688.5M$397.5M20xas long as short
Aster SOLUSDT+0.0100%8h115.78−0.152%$173.5M$183.5M100xas long as short
Pacifica SOL+0.0100%1h115.79−0.146%$15.5M$130.6M20xas long as short
Binance SOLUSDT+0.0100%8h115.83−0.109%$966.0M$3.87B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h115.82−0.117%$359.9M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h115.67−0.247%$213K$871K10xas long as short
Arcus SOL-USD+0.0100%1h115.76−0.165%$913K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.24+0.243%$130.1M$16.3M20xas long as short
Gate SOL_USDT+0.0100%8h115.73−0.195%$837.8M$663.8M100xas long as short
MEXC SOL_USDT+0.0100%8h115.78−0.152%$357.3M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h115.71−0.211%$123.7M$227.9M75xas long as short
BingX SOL-USDC+0.0100%8h115.78−0.150%$10.6Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h115.83−0.109%$22.8M$40.3M50xas long as short
Variational Omni SOLlong+0.0100%8h115.96long leg$25.0M$114.1M
edgeX SOLUSDC+0.0100%4h116.27+0.272%$93.3M$402.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.81−0.127%$47.4M$30.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.14+0.155%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h115.80−0.134%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h115.71−0.212%$317K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h115.81−0.129%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h115.82−0.114%$188K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h115.78−0.152%$6.0M$10.9M20xas long as short
HTX SOL-USDT+0.0100%8h115.71−0.209%$224.2M$49.9M75xas long as short
Phemex SOLUSDTshort+0.0100%8h115.82−0.117%$45.1M$103.6M50x
Extended SOL-USD+0.0104%1h115.77−0.157%$7.9M$38.9M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h115.73−0.195%$238.8M500xas long as short
Injective SOL/USDC PERP+0.0173%1h116.55+0.512%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h116.27+0.271%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERP+0.0193%1h115.72−0.206%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h115.81−0.126%$51.7M$67.3M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0173%1h115.81−0.128%$3.5M200xas long as short
RISEx SOL/USDC+0.0547%1h115.78−0.155%$1.9M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0603%1h116.16+0.175%$25K$52K20xas long as short