Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.001%

Price spread now: Variational Omni against 01 Exchange−0.518%7-day average −0.002% · you buy dearer than you sell

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

Long on 01 Exchange Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+1.218%+$122 · spread now −0.518%, 7d avg −0.002%

Together, before fees+1.188%+ Points / potential airdropVariational Omni: Active · farm board+$119 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.516% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.518% now, against its 7-day average of −0.002%). If the spread goes back, that is −$52 on $10k: about 29 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	116.86	0.0040	pay 0.0005% / 1h	31m 34s	$100K	$171K	20x
Short	Variational Omni SOL	116.25	0.0100	get 0.0100% / 8h	4h 31m	$24.4M	$114.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now −0.518%Rate

Funding earned: $12.6
Price spread: −0.518% → −0.002%: −$51.64
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$46.04
Costs to cover: 0.070%
Break-even: 32.6 days

Slippage unknown: 01 Exchange: live order book, 28 min ago; Variational Omni: RFQ quote, 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 01 Exchange live order book, 28 min ago	0.86 bp	14.7 bp −$15	21.8 bp −$218	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	1.20 bp	doesn't fit	1.2 bp −$12	9.4 bp −$936	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
Hibachi SOL/USDT-P	−0.0096%	1h	116.63	−0.197%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.62	−0.205%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	−0.129%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.64	−0.188%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.71	−0.128%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	−0.104%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.79	−0.062%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSDlong	+0.0040%	1h	116.86	long leg	$100K	$171K	20x
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.73	−0.111%	$7.5M	$405.2M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.71	−0.125%	$31.1M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.73	−0.112%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	−0.042%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.79	−0.057%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	−0.133%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.75	−0.094%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.84	−0.015%	$989K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.83	−0.023%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.84	−0.017%	$705.6M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.81	−0.043%	$175.1M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	−0.015%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.85	−0.009%	$967.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.82	−0.033%	$786.6M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.86	0.000%	$369.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.163%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	−0.018%	$928K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.351%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.80	−0.051%	$843.2M	$659.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.82	−0.034%	$416.9M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.80	−0.054%	$126.6M	$218.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.79	−0.061%	$480.1M	$441.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.80	−0.050%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.70	−0.137%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	116.25	−0.518%	$24.4M	$114.0M	—
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.371%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.355%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	−0.222%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	−0.154%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.145%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.69	−0.145%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.169%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	−0.153%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.71	−0.128%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.205%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	−0.137%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.77	−0.081%	$8.1M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	−0.133%	—	$230.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.257%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.197%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.77	−0.075%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.66	−0.169%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.171%	$51.7M	$72.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.70	−0.134%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.70	−0.134%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.61	−0.213%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.89	+0.028%	$1.9M	$4.9M	20x	as long as short