Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.057%

Price spread now: ApeX Omni against BloFin+0.026%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.495%−$49 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.026%, 7d avg −0.011%

Together, before fees−0.411%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.037% dearer against BloFin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.011%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	116.65	0.0220	pay 0.0220% / 8h	4h 15m	$51.9M	$67.6M	125x
Short	ApeX Omni SOLUSDT	116.68	0.0100	get 0.0013% / 1h	15m 17s	$1.2M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: −$25.2
Price spread: +0.026% → −0.011%: $3.68
Slippage, 4 orders: −$1.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$45.24
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 4 min ago.

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 BloFin live order book, 4 min ago	0.43 bp	6.4 bp −$6	7.1 bp −$71	8.6 bp −$860	16.3 bp −$8,164
Sell ApeX Omni live order book, 4 min ago	0.43 bp	5.4 bp −$5	9.3 bp −$93	63.7 bp −$6,372	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	−0.0144%	1h	116.62	−0.025%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.59	−0.055%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.57	−0.069%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.016%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.60	−0.042%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.60	−0.043%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.60	−0.042%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.71	+0.051%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.67	+0.013%	$7.4M	$404.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.66	+0.006%	$31.0M	$100.0M	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	116.67	+0.019%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.65	+0.003%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.64	−0.008%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.66	+0.009%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.61	−0.034%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.62	−0.025%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	−0.043%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.103%	$705.0M	$395.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.63	−0.020%	$174.8M	$182.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.65	−0.004%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.64	−0.009%	$970.0M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.59	−0.051%	$782.2M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	−0.009%	$369.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.53	−0.103%	$231K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.68	+0.026%	$926K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.64	−0.009%	$841.6M	$664.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.64	−0.009%	$383.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.62	−0.024%	$128.6M	$220.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.60	−0.046%	$479.0M	$441.1M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.61	−0.033%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.55	−0.086%	$23.4M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.52	−0.107%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.60	−0.047%	$93.6M	$399.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.043%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.68	+0.026%	$1.2M	$6.7M	50x
StandX SOL-USD	+0.0100%	1h	116.62	−0.026%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.65	0.000%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.64	−0.009%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.65	+0.003%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.64	−0.008%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.65	0.000%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.028%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.67	+0.017%	$45.7M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.043%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	−0.033%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.65	+0.001%	—	$231.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	116.72	+0.060%	$26.3M	$24.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.069%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.017%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.60	−0.040%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	116.65	long leg	$51.9M	$67.6M	125x
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.66	+0.011%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.66	+0.004%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0528%	1h	116.70	+0.040%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.74	+0.078%	$1.9M	$4.9M	20x	as long as short