Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRnext payment $0.15 per $10,000 · paid last 24h −0.031%
Price spread now: ApeX Omni against Coinbase International−0.180%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$250.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.316%−$32 on $10k
Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.180%, 7d avg −0.039%
Together, before fees−0.225%−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.141% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOL-PERP-INTX118.590.0096pay 0.0012% / 1h23m 03s$8.1M$415.7M50x
ShortApeX Omni SOLUSDT118.38−0.0020pay 0.0003% / 1h23m 03s$1.5M$6.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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

Funding earned
−$24.41
Price spread: −0.180% → −0.039%
−$14.08
Slippage, 4 orders
−$5.42
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$63.91
Costs to cover
0.254%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago0.04 bp5.6 bp −$69.7 bp −$9718.3 bp −$1,825doesn't fit
Sell ApeX Omni live order book, 1 min ago2.11 bp7.1 bp −$78.9 bp −$8966.0 bp −$6,596doesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h118.42−0.144%$840$8K25xas long as short
Vest SOL-PERP−0.0076%1h118.40−0.162%$723K20xas long as short
Derive SOL-PERP−0.0069%1h118.43−0.138%$2.0M$2.8M13xas long as short
ApeX Omni SOLUSDTshort−0.0020%1h118.38−0.180%$1.5M$6.2M50x
dYdX SOL-USD−0.0014%1h118.51−0.067%$4.8M$28.0M20xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h118.51−0.069%$112K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.49−0.081%$1.3M$20.8M3.1xas long as short
Perpl SOL0.0000%43m118.45−0.116%$175K$4.0M8.3xas long as short
Orderly PERP_SOL_USDC+0.0075%8h118.52−0.059%$1.0M$5.9M100xas long as short
Gate SOL_USDT+0.0078%8h118.53−0.051%$862.6M$682.7M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0080%1h118.46−0.110%$103K$157K20xas long as short
BingX SOL-USDT+0.0080%8h118.55−0.034%$372.4Mas long as short
HTX SOL-USDT+0.0081%8h118.43−0.134%$230.5M$45.1M75xas long as short
Deribit SOL_USDC-PERPETUAL+0.0088%1h118.60+0.006%$26.6M$26.1M50xas long as short
Lighter SOL+0.0096%1h118.55−0.035%$13.4M$56.2M25xas long as short
Lighter RH SOL+0.0096%1h118.54−0.042%$2.2M$17.0M25xas long as short
Hibachi SOL/USDT-P+0.0096%1h118.47−0.099%$119K$629K20xas long as short
Aevo SOL-PERP+0.0096%1h118.52−0.056%$351K$748K20xas long as short
Coinbase International SOL-PERP-INTXlong+0.0096%1h118.59long leg$8.1M$415.7M50x
Paradex SOL-USD-PERP+0.0099%8h118.44−0.130%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.38−0.177%$45K$798K20xas long as short
Nado SOL-PERP+0.0100%1h118.51−0.067%$5.7M$40.9M40xas long as short
Hyperliquid SOL+0.0100%1h118.66+0.059%$717.7M$409.8M20xas long as short
Aster SOLUSDT+0.0100%8h118.53−0.051%$177.5M$178.4M100xas long as short
Pacifica SOL+0.0100%1h118.50−0.076%$12.2M$121.2M20xas long as short
Binance SOLUSDT+0.0100%8h118.54−0.042%$978.3M$3.84B100xas long as short
Bybit SOLUSDT+0.0100%8h118.54−0.042%$822.2M$1.29B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.50−0.076%$367.8M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.47−0.101%$232K$868K10xas long as short
Arcus SOL-USD+0.0100%1h118.45−0.116%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.93+0.287%$133.7M$5.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.53−0.051%$425.1M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.53−0.052%$137.4M$205.3M75xas long as short
Bitget SOLUSDT+0.0100%8h118.53−0.054%$491.2M$460.9M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.57−0.017%$24.1M$38.6M50xas long as short
Variational Omni SOL+0.0100%8h118.69+0.085%$27.1M$129.1Mas long as short
edgeX SOLUSDC+0.0100%4h118.51−0.064%$95.2M$402.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.79+0.166%$48.6M$31.3M20xas long as short
StandX SOL-USD+0.0100%1h118.47−0.101%$1.3M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.46−0.110%$361K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.49−0.085%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.52−0.061%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h118.48−0.089%$192K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.53−0.051%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.57−0.017%$46.3M$102.9M50xas long as short
Phoenix SOL+0.0100%1h118.46−0.110%$6.6M$13.7M25xas long as short
Extended SOL-USD+0.0104%1h118.49−0.085%$8.7M$36.1M50xas long as short
Kraken Futures PF_SOLUSD+0.0106%1h118.57−0.019%$32.4M$97.4M100xas long as short
Aftermath Perps SOLUSD+0.0114%1h118.74+0.127%$24K$47K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.39−0.166%$226.6M500xas long as short
GMX SOL/USD [SOL-USDC]L +0.0168% / S −0.0068%1h118.51−0.071%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0170%1h118.91+0.270%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0184%1h118.44−0.126%$1.1M$538K25xas long as short
BloFin SOL-USDT+0.0220%8h118.56−0.025%$52.2M$80.4M125xas long as short
RISEx SOL/USDC+0.0226%1h118.45−0.122%$1.6M$5.2M20xas long as short