Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against SunX−0.012%47s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.403% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.326%−$33 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.012%, 7d avg +0.005%

Together, before fees−0.377%−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	116.65	0.0100	pay 0.0100% / 8h	4h 47m	$190K	$1.4M	30x
Short	ApeX Omni SOLUSDT	116.64	−0.0020	pay 0.0002% / 1h	47m 37s	$997K	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: −$25.12
Price spread: −0.012% → +0.005%: −$1.63
Slippage, 4 orders: −$22.29
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.04
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; ApeX Omni: live order book, 5 min ago.

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 SunX live order book, 11 min ago	3.00 bp	8.4 bp −$8	22.8 bp −$228	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	0.86 bp	5.9 bp −$6	9.5 bp −$95	73.7 bp −$7,367	doesn't fit

SOL on 55 exchanges

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
Hibachi SOL/USDT-P	−0.0184%	1h	116.74	+0.073%	$99K	$646K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.10	+0.379%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0046%	8h	116.80	+0.125%	$726.4M	$1.22B	100x	as long as short
ApeX Omni SOLUSDTshort	−0.0020%	1h	116.64	−0.012%	$997K	$6.6M	50x
Derive SOL-PERP	−0.0008%	1h	116.64	−0.011%	$1.8M	$2.5M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	+0.023%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.64	−0.010%	$1.3M	$15.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	+0.020%	$99K	$2.6M	8.3x	as long as short
Vest SOL-PERP	+0.0015%	1h	116.61	−0.039%	—	$247K	20x	as long as short
Bitget SOLUSDT	+0.0017%	8h	116.77	+0.099%	$479.7M	$390.5M	100x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0024%	1h	116.72	+0.054%	$8.5M	$361.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.85	+0.168%	$4K	$113	12x	as long as short
Orderly PERP_SOL_USDC	+0.0038%	8h	116.69	+0.027%	$965K	$5.0M	100x	as long as short
Aster SOLUSDT	+0.0045%	8h	116.79	+0.119%	$176.2M	$156.3M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.84	+0.160%	$102K	$187K	20x	as long as short
MEXC SOL_USDT	+0.0064%	8h	116.77	+0.100%	$458.1M	$950.1M	300x	as long as short
Aevo SOL-PERP	+0.0064%	1h	116.62	−0.029%	$342K	$261K	20x	as long as short
Binance SOLUSDT	+0.0065%	8h	116.80	+0.125%	$969.1M	$3.38B	100x	as long as short
SoDEX SOL-USD	+0.0067%	1h	116.70	+0.040%	$6.0M	$11.2M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0072%	1h	116.76	+0.094%	$26.3M	$17.6M	50x	as long as short
dYdX SOL-USD	+0.0090%	1h	116.74	+0.074%	$9.1M	$17.9M	20x	as long as short
Gate SOL_USDT	+0.0094%	8h	116.77	+0.100%	$837.9M	$572.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.74	+0.073%	$12.9M	$54.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.72	+0.059%	$2.2M	$12.8M	25x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.76	+0.091%	$24K	$931K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.81	+0.133%	$1.0M	$554K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.59	−0.055%	$5.5M	$38.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.82	+0.143%	$719.3M	$364.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.77	+0.103%	$15.8M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	+0.108%	$358.9M	$1.53B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.69	+0.031%	$219K	$726K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.85	+0.166%	$1.2M	$7.7M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.70	+0.043%	$133.1M	$224.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.78	+0.104%	—	$330.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.73	+0.065%	$23.1M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.53	−0.102%	$24.9M	$94.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.51	−0.125%	$93.6M	$356.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.52	−0.112%	$47.7M	$25.9M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.71	+0.048%	$1.3M	$9.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	−0.029%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.007%	$283K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	+0.026%	$26K	$34K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	116.65	long leg	$190K	$1.4M	30x
HTX SOL-USDT	+0.0100%	8h	116.51	−0.122%	$225.4M	$39.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	+0.040%	$45.3M	$98.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.083%	$127.3M	$9.4M	20x	as long as short
Phoenix SOL	+0.0103%	1h	116.81	+0.134%	$6.7M	$11.6M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	116.74	+0.072%	$8.4M	$32.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.63	−0.021%	—	$210.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0128%	1h	116.73	+0.067%	$33.2M	$91.9M	100x	as long as short
BloFin SOL-USDT	+0.0185%	8h	116.44	−0.183%	$51.7M	$55.6M	125x	as long as short
Reya SOLRUSDPERP	+0.0201%	1h	116.58	−0.062%	$1.1M	$90K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.67	+0.015%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	116.85	+0.166%	$2.2M	$3.7M	20x	as long as short
Aftermath Perps SOLUSD	+0.0427%	1h	116.70	+0.041%	$25K	$45K	20x	as long as short