Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: ApeX Omni against Bulk−0.205%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Bulk Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.156%−$16 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.205%, 7d avg −0.008%

Together, before fees+0.095%+$9 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: ApeX Omni is 0.197% cheaper against Bulk than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	116.24	0.0100	pay 0.0013% / 1h	35m 29s	$130.1M	$16.3M	20x
Short	ApeX Omni SOLUSDT	116.00	0.0100	get 0.0013% / 1h	35m 29s	$1.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bulk. 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 BulkbpFee ApeX OmnibpOrdersPrice spread, now −0.205%Rate

Funding earned: $0
Price spread: −0.205% → −0.008%: −$19.73
Slippage, 4 orders: −$11.85
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$48.59
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Bulk: 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 Bulk live order book, 4 min ago	4.32 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$782	13.5 bp −$6,728
Sell ApeX Omni live order book, 4 min ago	1.29 bp	6.3 bp −$6	9.6 bp −$96	68.2 bp −$6,816	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
Kraken Futures PF_SOLUSD	−0.0241%	1h	116.09	−0.124%	$31.8M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0216%	1h	116.01	−0.197%	$104K	$706K	20x	as long as short
Derive SOL-PERP	−0.0132%	1h	115.96	−0.237%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.14	−0.084%	$742.0M	$1.41B	100x	as long as short
BingX SOL-USDT	−0.0115%	8h	116.17	−0.062%	—	$368.5M	—	as long as short
Vest SOL-PERP	−0.0109%	1h	116.12	−0.097%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.37	+0.111%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.17	−0.055%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.13	−0.097%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.18	−0.052%	$113K	$3.7M	8.3x	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	+0.0008%	1h	116.16	−0.067%	$99K	$177K	20x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.13	−0.091%	$4.3M	$24.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.12	−0.098%	$7.8M	$405.0M	50x	as long as short
Bitget SOLUSDT	+0.0070%	8h	116.14	−0.079%	$481.0M	$454.9M	100x	as long as short
Bullet SOL-USD	+0.0078%	1h	116.17	−0.062%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.07	−0.141%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.14	−0.085%	$13.0M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.13	−0.095%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.07	−0.146%	$349K	$247K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0097%	1h	116.12	−0.104%	$26.3M	$22.0M	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.10	−0.118%	$65K	$906K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.21	−0.027%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.13	−0.095%	$5.3M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.23	−0.006%	$688.8M	$398.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.16	−0.070%	$174.3M	$184.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.19	−0.043%	$15.6M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.18	−0.046%	$964.8M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.15	−0.075%	$361.6M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.144%	$216K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.19	−0.045%	$917K	$8.8M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	116.24	long leg	$130.1M	$16.3M	20x
Gate SOL_USDT	+0.0100%	8h	116.16	−0.067%	$840.4M	$665.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.19	−0.041%	$358.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.13	−0.093%	$123.9M	$229.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.10	−0.118%	$22.9M	$40.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	−0.207%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.94	−0.254%	$93.1M	$405.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	−0.213%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.00	−0.205%	$1.1M	$6.8M	50x
StandX SOL-USD	+0.0100%	1h	115.96	−0.239%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.14	−0.084%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.06	−0.151%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.05	−0.161%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.07	−0.144%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.03	−0.178%	$224.8M	$49.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.14	−0.084%	$45.2M	$104.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.13	−0.097%	$7.9M	$38.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.16	−0.071%	—	$239.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.269%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.11	−0.110%	$6.4M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.14	−0.085%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.96	−0.239%	$51.9M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.17	−0.058%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.21	−0.026%	$2.0M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0600%	1h	116.15	−0.076%	$25K	$52K	20x	as long as short