SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against Orderly−0.245%7-day average −0.006% · you buy dearer than you sell

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.283%+$28 · spread now −0.245%, 7d avg −0.006%

Together, before fees+0.296%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.239% cheaper against Orderly than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of −0.006%). If the spread goes back, that is −$24 on $10k: about 20 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.013% in total) that is about 60 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	119.79	0.0061	pay 0.0061% / 8h	2h 21m	$1.1M	$5.9M	100x
Short	Variational Omni SOL	119.50	0.0100	get 0.0100% / 8h	2h 21m	$27.5M	$127.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee Variational OmnibpOrdersPrice spread, now −0.245%Rate

Funding earned: $8.16
Price spread: −0.245% → −0.006%: −$23.87
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.71
Costs to cover: 0.060%
Break-even: 25.6 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	1.21 bp	doesn't fit	1.2 bp −$12	5.6 bp −$556	doesn't fit

Orderly: 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 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.538%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.173%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.65	−0.124%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.083%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	+0.022%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.81	+0.018%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.79	−0.004%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.75	−0.033%	$181K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0015%	1h	119.42	−0.314%	$24K	$47K	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.169%	$120K	$605K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0056%	8h	119.63	−0.136%	$233.0M	$44.5M	75x	as long as short
Orderly PERP_SOL_USDClong	+0.0061%	8h	119.79	long leg	$1.1M	$5.9M	100x
01 Exchange SOLUSD	+0.0072%	1h	119.68	−0.095%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.76	−0.026%	—	$372.0M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.75	−0.037%	$876.1M	$685.8M	100x	as long as short
ApeX Omni SOLUSDT	+0.0091%	1h	119.29	−0.421%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.76	−0.028%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.75	−0.035%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.76	−0.026%	$356K	$747K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0097%	1h	119.82	+0.024%	$26.9M	$27.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	−0.047%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	−0.037%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.64	−0.132%	$6.5M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.86	+0.055%	$723.6M	$410.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.78	−0.009%	$180.4M	$175.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	+0.004%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.77	−0.018%	$978.5M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.78	−0.010%	$831.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.73	−0.053%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.095%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.014%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.114%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.75	−0.037%	$408.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.77	−0.018%	$143.0M	$196.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.76	−0.032%	$500.4M	$451.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.75	−0.037%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.50	−0.245%	$27.5M	$127.2M	—
edgeX SOLUSDC	+0.0100%	4h	119.25	−0.450%	$95.8M	$398.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.36	−0.362%	$48.8M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.56	−0.195%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.75	−0.037%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.78	−0.016%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.79	−0.007%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.77	−0.024%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	−0.045%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.74	−0.045%	$46.7M	$100.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.73	−0.049%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.77	−0.018%	$8.2M	$417.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.78	−0.011%	—	$219.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.53	−0.220%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.004%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.75	−0.036%	$1.1M	$561K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.59	−0.170%	$51.8M	$86.4M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.76	−0.032%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.81	+0.017%	$3.6M	—	200x	as long as short