Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Arcus−0.074%7-day average −0.018% · you buy dearer than you sell

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.074%, 7d avg −0.018%

Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 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 0.056% cheaper against Arcus than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	118.88	0.0100	pay 0.0013% / 1h	57m 16s	$1.9M	$9.1M	20x
Short	Variational Omni SOL	118.79	0.0100	get 0.0100% / 8h	7h 57m	$27.0M	$128.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. 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 ArcusbpFee Variational OmnibpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.018%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.11
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 2 min ago; Variational Omni: RFQ quote, 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 Arcus live order book, 2 min ago	0.13 bp	3.9 bp −$4	4.9 bp −$49	11.4 bp −$1,142	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.18 bp	doesn't fit	1.6 bp −$16	9.9 bp −$993	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
Hotstuff SOL-PERP	−0.0080%	1h	118.83	−0.035%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.80	−0.067%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.80	−0.061%	$2.0M	$2.8M	13x	as long as short
Bluefin SOL-PERP	−0.0049%	1h	118.88	+0.006%	$37K	$17K	25x	as long as short
dYdX SOL-USD	−0.0046%	1h	118.79	−0.073%	$4.9M	$28.0M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.87	−0.003%	$32.6M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.92	+0.036%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	−0.012%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.84	−0.029%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0029%	1h	118.78	−0.081%	$1.5M	$6.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	118.87	−0.006%	$103K	$159K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.88	+0.003%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.84	−0.034%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	118.87	−0.007%	$121K	$642K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.88	+0.001%	$8.1M	$416.5M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.86	−0.011%	$13.5M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.83	−0.038%	$2.1M	$16.5M	25x	as long as short
Gate SOL_USDT	+0.0096%	8h	118.82	−0.048%	$861.1M	$657.5M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	−0.009%	$352K	$570K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.85	−0.023%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.83	−0.040%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.060%	$5.8M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.97	+0.078%	$720.2M	$408.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.88	+0.003%	$178.6M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.82	−0.045%	$12.2M	$122.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.85	−0.021%	$979.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.87	−0.008%	$823.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.83	−0.040%	$371.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.70	−0.149%	$231K	$877K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	118.88	long leg	$1.9M	$9.1M	20x
Bulk SOL-USD	+0.0100%	1h	118.81	−0.053%	$133.9M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.85	−0.023%	$429.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.87	−0.006%	$138.2M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.84	−0.034%	$492.9M	$457.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	+0.003%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	118.79	−0.074%	$27.0M	$128.8M	—
edgeX SOLUSDC	+0.0100%	4h	118.86	−0.016%	$95.5M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.90	+0.019%	$48.7M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.84	−0.031%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.85	−0.023%	$356K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.89	+0.012%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.84	−0.033%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.87	−0.006%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.72	−0.134%	$231.0M	$45.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.89	+0.011%	$46.6M	$102.4M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	−0.023%	$6.6M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.85	−0.025%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0120%	1h	118.81	−0.055%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.83	−0.042%	—	$225.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	118.94	+0.050%	$26.6M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.85	−0.021%	$1.8M	$4.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0084%	1h	118.91	+0.024%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.183%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.83	−0.039%	$1.1M	$533K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.84	−0.031%	$51.8M	$80.2M	125x	as long as short