Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended−0.170%7-day average +0.061% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days+0.183%+$18 · spread now −0.170%, 7d avg +0.061%

Together, before fees+0.179%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$18 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 0.231% cheaper against Extended than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	119.39	0.0104	pay 0.0013% / 1h	9m 29s	$8.6M	$34.9M	50x
Short	Variational Omni SOL	119.19	0.0100	get 0.0100% / 8h	7h 09m	$24.9M	$130.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.170%Rate

Funding earned: −$0.84
Price spread: −0.170% → +0.061%: −$23.13
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.97
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Extended live order book, 5 min ago	0.42 bp	6.2 bp −$6	6.9 bp −$69	11.3 bp −$1,126	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	1.22 bp	doesn't fit	3.4 bp −$34	9.3 bp −$927	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
Derive SOL-PERP	−0.0082%	1h	119.26	−0.111%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.36	−0.020%	$933	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.33	−0.052%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	119.41	+0.016%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0027%	8h	119.19	−0.170%	$231.9M	$43.9M	75x	as long as short
dYdX SOL-USD	−0.0018%	1h	119.40	+0.010%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.25	−0.116%	$32.4M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.40	+0.012%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.40	+0.007%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.45	+0.055%	$125K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	119.28	−0.089%	$26.7M	$24.8M	50x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	119.41	+0.018%	$104K	$160K	20x	as long as short
Gate SOL_USDT	+0.0074%	8h	119.37	−0.016%	$856.8M	$673.0M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.37	−0.017%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.40	+0.007%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.29	−0.081%	$8.1M	$410.3M	50x	as long as short
ApeX Omni SOLUSDT	+0.0090%	1h	119.16	−0.191%	$1.5M	$6.0M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.36	−0.026%	$13.7M	$57.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.34	−0.037%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.30	−0.073%	$350K	$253K	20x	as long as short
Bluefin SOL-PERP	+0.0097%	1h	119.39	−0.002%	$37K	$17K	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.40	+0.011%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.37	−0.016%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	−0.021%	$6.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.49	+0.085%	$731.8M	$394.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.42	+0.023%	$180.5M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.40	+0.010%	$12.3M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.39	+0.001%	$983.1M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.43	+0.035%	$830.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.37	−0.016%	$373.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.007%	$234K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.30	−0.073%	$2.1M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.528%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.38	−0.007%	$434.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.41	+0.015%	$139.3M	$203.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.37	−0.013%	$495.4M	$438.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.32	−0.057%	$24.1M	$36.7M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.19	−0.170%	$24.9M	$130.2M	—
edgeX SOLUSDC	+0.0100%	4h	119.20	−0.162%	$95.7M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	−0.213%	$48.8M	$29.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.20	−0.158%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.39	+0.001%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.40	+0.007%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.36	−0.022%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.24	−0.124%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.32	−0.057%	$46.7M	$99.4M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	119.39	long leg	$8.6M	$34.9M	50x
Phoenix SOL	+0.0114%	1h	119.28	−0.091%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.32	−0.059%	—	$225.6M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.41	+0.018%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.317%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.37	−0.017%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.15	−0.200%	$51.9M	$74.3M	125x	as long as short
Aftermath Perps SOLUSD	+0.0224%	1h	119.28	−0.089%	$25K	$51K	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.40	+0.008%	$3.7M	—	200x	as long as short