Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Variational Omni against Paradex+0.029%7-day average +0.030% · you sell dearer than you buy

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.481%+$48 · spread now +0.029%, 7d avg +0.030%

Together, before fees+0.484%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board+$48 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.49	0.0100	pay 0.0100% / 8h	6h 02m	$1.0M	$518K	50x
Short	Variational Omni SOL	117.52	0.0100	get 0.0100% / 8h	6h 02m	$24.3M	$120.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now +0.029%Rate

Funding earned: $0.05
Price spread: +0.029% → +0.030%: −$0.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.97
Costs to cover: 0.040%
Break-even: 570.9 days

Slippage unknown: Paradex: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Paradex live order book, 2 min ago	1.62 bp	3.6 bp −$4	9.3 bp −$93	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.23 bp	doesn't fit	1.2 bp −$12	7.7 bp −$770	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.56	+0.056%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0059%	1h	117.45	−0.036%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.53	+0.037%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.47	−0.018%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.55	+0.050%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.53	+0.034%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.44	−0.044%	$2.0M	$2.8M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0034%	1h	117.53	+0.038%	$26.4M	$25.4M	50x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.40	−0.075%	$228.1M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.50	+0.010%	$31.5M	$98.5M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	117.56	+0.059%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0071%	8h	117.49	0.000%	$848.3M	$668.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.52	+0.025%	$7.9M	$404.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.50	+0.010%	—	$367.8M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	+0.002%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.52	+0.024%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.51	+0.016%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.50	+0.005%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.51	+0.017%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.51	+0.013%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.49	long leg	$1.0M	$518K	50x
Katana Perps SOL-USD	+0.0100%	8h	117.47	−0.017%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.44	−0.038%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.51	+0.016%	$176.4M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.48	−0.008%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.52	+0.026%	$968.8M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.51	+0.017%	$820.3M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.51	+0.017%	$366.3M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.059%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.48	−0.008%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.52	+0.026%	$423.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.50	+0.011%	$130.5M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.48	−0.009%	$487.0M	$436.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.51	+0.017%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	117.52	+0.029%	$24.3M	$120.3M	—
edgeX SOLUSDC	+0.0100%	4h	117.48	−0.005%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.049%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.57	+0.068%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	0.000%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.52	+0.028%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.51	+0.014%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.54	+0.044%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.51	+0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.52	+0.026%	$45.7M	$100.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.029%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.52	+0.026%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.47	−0.016%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.53	+0.031%	—	$222.0M	500x	as long as short
Hyperliquid SOL	+0.0122%	1h	117.61	+0.102%	$717.3M	$395.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.49	+0.002%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.034%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.52	+0.028%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0358%	1h	117.56	+0.064%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.50	+0.007%	$128K	$3.8M	8.3x	as long as short