Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.002%

Price spread now: 01 Exchange against Variational Omni+0.012%7-day average −0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.712%−$71 · spread now +0.012%, 7d avg −0.004%

Together, before fees−0.677%+ Points / potential airdropVariational Omni: Active · farm board−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	118.76	0.0100	pay 0.0100% / 8h	2h 40m	$27.4M	$127.2M	—
Short	01 Exchange SOLUSD	118.77	0.0072	get 0.0009% / 1h	40m 27s	$104K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$5.88
Price spread: +0.012% → −0.004%: $1.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$11.29
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 01 Exchange: live order book, 48 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, 4 min ago	1.22 bp	doesn't fit	1.6 bp −$16	8.6 bp −$855	doesn't fit
Sell 01 Exchange live order book, 48 min ago	0.42 bp	10.0 bp −$10	22.1 bp −$221	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	+0.113%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.69	−0.052%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.72	−0.032%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	−0.001%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0037%	1h	118.83	+0.064%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.78	+0.020%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.77	+0.016%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.74	−0.012%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.80	+0.037%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	−0.013%	$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	+0.065%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	+0.019%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0070%	8h	118.66	−0.085%	$231.2M	$43.7M	75x	as long as short
01 Exchange SOLUSDshort	+0.0072%	1h	118.77	+0.012%	$104K	$152K	20x
Gate SOL_USDT	+0.0081%	8h	118.75	−0.005%	$857.5M	$678.1M	100x	as long as short
KuCoin SOLUSDTM	+0.0095%	8h	118.77	+0.015%	$143.7M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.77	+0.015%	$13.4M	$53.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.76	+0.004%	$2.0M	$16.7M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.83	+0.064%	$123K	$606K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.74	−0.012%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.74	−0.017%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.73	−0.022%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.009%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.84	+0.071%	$716.5M	$425.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.75	−0.005%	$178.8M	$174.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.80	+0.034%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	+0.004%	$971.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.78	+0.018%	$820.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.75	−0.005%	$369.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.089%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.80	+0.039%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.75	−0.005%	$466.4M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.78	+0.017%	$495.8M	$448.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.74	−0.015%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.78	+0.021%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	118.76	long leg	$27.4M	$127.2M	—
edgeX SOLUSDC	+0.0100%	4h	118.77	+0.013%	$95.4M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.082%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.77	+0.012%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.77	+0.012%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.74	−0.009%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.73	−0.019%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	−0.018%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.77	+0.012%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	−0.005%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.039%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	−0.017%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.82	+0.056%	$8.1M	$413.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.75	−0.008%	—	$217.5M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.138%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	+0.018%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.78	+0.024%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.77	+0.010%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	−0.005%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.80	+0.038%	$36.1M	$89.7M	100x	as long as short