Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.036%

Price spread now: RISEx against Variational Omni+0.083%7-day average −0.014% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.083%, 7d avg −0.014%

Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.096% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	118.86	0.0100	pay 0.0100% / 8h	2h 46m	$28.3M	$126.8M	—
Short	RISEx SOL/USDC	118.95	0.0175	get 0.0022% / 1h	46m 58s	$1.6M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.083%Rate

Funding earned: $15.79
Price spread: +0.083% → −0.014%: $9.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $19.43
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; RISEx: live order book, 2 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, 2 min ago	1.22 bp	doesn't fit	2.0 bp −$20	7.1 bp −$711	doesn't fit
Sell RISEx live order book, 2 min ago	0.04 bp	3.0 bp −$3	7.5 bp −$75	doesn't fit	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.029%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.76	−0.080%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.069%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0081%	1h	118.83	−0.025%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.92	+0.055%	$843	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0056%	1h	118.93	+0.059%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.86	−0.001%	$48K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.98	+0.105%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.96	+0.090%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.93	+0.066%	$180K	$4.1M	8.3x	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	0.0000%	1h	118.88	+0.020%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0058%	8h	118.86	0.000%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.90	+0.037%	$105K	$152K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.78	−0.067%	$231.5M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.81	−0.038%	$857.7M	$676.2M	100x	as long as short
KuCoin SOLUSDTM	+0.0092%	8h	118.90	+0.034%	$144.1M	$197.3M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.81	−0.040%	$13.4M	$53.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.80	−0.051%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	−0.016%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.89	+0.027%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.95	+0.079%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.90	+0.038%	$5.5M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.91	+0.046%	$717.1M	$424.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	−0.005%	$179.3M	$173.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.96	+0.088%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.86	+0.004%	$971.6M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.89	+0.025%	$822.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.87	+0.012%	$370.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	+0.054%	$233K	$865K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.95	+0.082%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.022%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.90	+0.037%	$466.2M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.88	+0.017%	$496.2M	$448.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.86	0.000%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.84	−0.013%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	118.86	long leg	$28.3M	$126.8M	—
edgeX SOLUSDC	+0.0100%	4h	118.79	−0.053%	$95.4M	$396.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.77	−0.073%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.96	+0.088%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	+0.004%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.82	−0.029%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.85	−0.007%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.90	+0.033%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.80	−0.047%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.78	−0.064%	$46.3M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.88	+0.017%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.81	−0.042%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.92	+0.054%	—	$218.6M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.86	+0.005%	$8.1M	$413.7M	50x	as long as short
Phoenix SOL	+0.0154%	1h	118.99	+0.113%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.84	−0.012%	$3.6M	—	200x	as long as short
RISEx SOL/USDCshort	+0.0175%	1h	118.95	+0.083%	$1.6M	$6.1M	20x
Reya SOLRUSDPERP	+0.0180%	1h	118.86	+0.003%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.038%	$51.7M	$87.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.81	−0.040%	$36.1M	$90.1M	100x	as long as short