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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.013%
Price spread now: ApeX Omni against Derive+0.097%48s7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.277%−$28 on $10k
Price spread, last 3 days (all we have)−0.163%−$16 · spread now +0.097%, 7d avg +0.021%
Together, before fees−0.440%−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.076% dearer against Derive than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.277%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive SOL-PERP117.330.0021pay 0.0003% / 1h59m 24s$2.0M$2.8M13x
ShortApeX Omni SOLUSDT117.440.0100get 0.0013% / 1h59m 24s$1.5M$6.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Derive. 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
$16.61
Price spread: +0.097% → +0.021%
$7.59
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$8.21
Costs to cover
0.160%
Break-even
3.5 days
Slippage unknown: Derive: no order-book sample; ApeX Omni: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell ApeX Omni live order book, 5 min ago0.43 bp7.3 bp −$710.4 bp −$10471.3 bp −$7,126doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 54 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%1h117.59+0.229%$920$8K25xas long as short
Vest SOL-PERP−0.0058%1h117.47+0.122%$605K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.54+0.184%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.57+0.207%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.47+0.124%$1.4M$20.2M3.1xas long as short
Derive SOL-PERPlong+0.0021%1h117.33long leg$2.0M$2.8M13x
Deribit SOL_USDC-PERPETUAL+0.0024%1h117.43+0.090%$26.4M$25.6M50xas long as short
HTX SOL-USDT+0.0036%8h117.37+0.040%$228.1M$45.4M75xas long as short
01 Exchange SOLUSD+0.0048%1h117.58+0.216%$100K$162K20xas long as short
Kraken Futures PF_SOLUSD+0.0049%1h117.39+0.057%$31.5M$98.3M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi SOL/USDT-P+0.0064%1h117.41+0.074%$100K$690K20xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h117.41+0.070%$8.0M$403.7M50xas long as short
BingX SOL-USDC+0.0080%8h117.54+0.181%$10.6Mas long as short
Gate SOL_USDT+0.0083%8h117.55+0.190%$849.2M$640.7M100xas long as short
Orderly PERP_SOL_USDC+0.0088%8h117.41+0.071%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.58+0.215%$13.1M$58.8M25xas long as short
Lighter RH SOL+0.0096%1h117.56+0.196%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h117.43+0.091%$344K$256K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.56+0.200%$1.0M$518K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.52+0.165%$67K$840K20xas long as short
Nado SOL-PERP+0.0100%1h117.48+0.135%$5.8M$40.2M40xas long as short
Aster SOLUSDT+0.0100%8h117.56+0.199%$176.4M$177.5M100xas long as short
Pacifica SOL+0.0100%1h117.60+0.234%$14.5M$127.0M20xas long as short
Binance SOLUSDT+0.0100%8h117.56+0.197%$969.2M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h117.56+0.196%$820.7M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.54+0.182%$366.5M$1.64B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.37+0.037%$238K$849K10xas long as short
Arcus SOL-USD+0.0100%1h117.59+0.225%$2.0M$9.0M20xas long as short
MEXC SOL_USDT+0.0100%8h117.54+0.182%$423.8M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.58+0.218%$130.6M$211.1M75xas long as short
Bitget SOLUSDT+0.0100%8h117.52+0.163%$487.0M$435.0M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.39+0.054%$23.7M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h117.45+0.109%$24.3M$120.0Mas long as short
edgeX SOLUSDC+0.0100%4h117.44+0.093%$94.3M$405.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.43+0.084%$48.1M$28.7M20xas long as short
ApeX Omni SOLUSDTshort+0.0100%1h117.44+0.097%$1.5M$6.0M50x
StandX SOL-USD+0.0100%1h117.41+0.071%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.53+0.173%$352K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.53+0.172%$201K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.40+0.065%$37K$16K25xas long as short
SunX SOL-USDT+0.0100%8h117.37+0.035%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.40+0.063%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.40+0.063%$45.7M$100.5M50xas long as short
Bulk SOL-USD+0.0100%1h117.46+0.110%$134.5M$14.2M20xas long as short
Phoenix SOL+0.0101%1h117.53+0.173%$6.5M$13.2M25xas long as short
Extended SOL-USD+0.0104%1h117.55+0.188%$8.2M$36.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.46+0.114%$221.8M500xas long as short
RISEx SOL/USDC+0.0136%1h117.60+0.234%$1.9M$4.9M20xas long as short
Hyperliquid SOL+0.0149%1h117.65+0.276%$717.8M$395.3M20xas long as short
Reya SOLRUSDPERP+0.0189%1h117.52+0.166%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0222%1h117.45+0.105%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0174%1h117.39+0.055%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0360%1h117.55+0.191%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.57+0.209%$128K$3.8M8.3xas long as short