Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Variational Omni against Aevo+0.115%48s7-day average +0.017% · you sell dearer than you buy

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.115%, 7d avg +0.017%

Together, before fees−0.058%+ Points / potential airdropVariational Omni: Active · farm board−$6 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: Variational Omni is 0.098% dearer against Aevo than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	119.27	0.0096	pay 0.0012% / 1h	31m 42s	$353K	$748K	20x
Short	Variational Omni SOL	119.41	0.0100	get 0.0100% / 8h	1h 31m	$27.9M	$128.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now +0.115%Rate

Funding earned: $0.84
Price spread: +0.115% → +0.017%: $9.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.34
Costs to cover: 0.160%
Break-even: 51.5 days

Slippage unknown: Aevo: live order book, 52 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 Aevo live order book, 52 min ago	4.14 bp	16.0 bp −$16	39.3 bp −$393	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	1.22 bp	doesn't fit	1.6 bp −$16	9.2 bp −$918	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
Bluefin SOL-PERP	−0.0178%	1h	119.25	−0.024%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.18	−0.080%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	+0.008%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.23	−0.036%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.28	+0.009%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.28	+0.005%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.33	+0.045%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	+0.007%	$179K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.39	+0.100%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.38	+0.089%	$6.6M	$13.6M	25x	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	+0.0067%	8h	119.29	+0.012%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0071%	1h	119.32	+0.042%	$26.7M	$27.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0072%	1h	119.45	+0.144%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.23	−0.034%	—	$374.2M	—	as long as short
HTX SOL-USDT	+0.0083%	8h	119.25	−0.021%	$232.3M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.26	−0.012%	$870.0M	$682.3M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	+0.013%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.25	−0.017%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.22	−0.044%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	119.27	long leg	$353K	$748K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	119.18	−0.075%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.020%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.30	+0.022%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.38	+0.089%	$718.9M	$416.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	+0.001%	$178.5M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	+0.005%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.24	−0.025%	$986.3M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.27	−0.005%	$823.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.22	−0.045%	$371.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.012%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.032%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.26	−0.012%	$451.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.25	−0.018%	$140.9M	$200.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.23	−0.040%	$495.3M	$455.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.25	−0.020%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.41	+0.115%	$27.9M	$128.1M	—
edgeX SOLUSDC	+0.0100%	4h	119.38	+0.088%	$95.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.102%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.44	+0.139%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.42	+0.122%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.029%	$364K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.007%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.32	+0.035%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.28	+0.005%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.30	+0.022%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.398%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.21	−0.056%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.34	+0.059%	$8.2M	$415.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.28	+0.003%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.33	+0.045%	$32.6M	$95.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.27	−0.001%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.22	−0.042%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.31	+0.028%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.121%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.32	+0.038%	$52.2M	$82.8M	125x	as long as short