Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.121%7-day average +0.019% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.121%, 7d avg +0.019%

Together, before fees+0.167%+ Points / potential airdropVariational Omni: Active · farm board+$17 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 0.140% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	119.66	0.0100	pay 0.0100% / 8h	51m 59s	$194K	$1.9M	30x
Short	Variational Omni SOL	119.52	0.0100	get 0.0100% / 8h	51m 59s	$27.4M	$128.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.019%: −$13.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.96
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago	3.18 bp	22.3 bp −$22	34.3 bp −$343	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.17 bp	doesn't fit	1.2 bp −$12	7.7 bp −$768	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
Hotstuff SOL-PERP	−0.0080%	1h	119.77	+0.091%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.65	−0.015%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.53	−0.110%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.63	−0.030%	$113K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.71	+0.039%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.84	+0.150%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.67	+0.003%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	119.69	+0.022%	$26.8M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.153%	$1.5M	$6.2M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.70	+0.031%	$104K	$157K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0071%	8h	119.63	−0.031%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.69	+0.020%	—	$371.6M	—	as long as short
HTX SOL-USDT	+0.0088%	8h	119.54	−0.101%	$232.7M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.66	−0.003%	$872.5M	$673.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.64	−0.015%	$13.7M	$55.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.62	−0.033%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.81	+0.126%	$122K	$639K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.61	−0.048%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.67	+0.006%	$8.3M	$419.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.66	−0.001%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.66	−0.003%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.69	+0.026%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.75	+0.072%	$725.0M	$410.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.67	+0.005%	$179.2M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.71	+0.042%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.65	−0.010%	$986.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.68	+0.014%	$831.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.69	+0.022%	$373.7M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.78	+0.097%	$234K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.70	+0.034%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.262%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.68	+0.014%	$456.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.64	−0.017%	$140.1M	$203.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.70	+0.030%	$498.4M	$456.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.66	−0.003%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.52	−0.121%	$27.4M	$128.6M	—
edgeX SOLUSDC	+0.0100%	4h	119.65	−0.011%	$96.1M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.76	+0.080%	$49.0M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.84	+0.147%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.64	−0.020%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.65	−0.013%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.63	−0.030%	$37K	$17K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	119.66	long leg	$194K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.64	−0.020%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.64	−0.020%	$46.7M	$102.5M	50x	as long as short
Aftermath Perps SOLUSD	+0.0100%	1h	119.60	−0.053%	$24K	$47K	20x	as long as short
Phoenix SOL	+0.0100%	1h	119.58	−0.070%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.68	+0.015%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.66	−0.003%	$32.7M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.66	−0.002%	—	$224.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.538%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.63	−0.027%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.81	+0.122%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.70	+0.030%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0241% / S −0.0186%	1h	119.66	−0.007%	$3.8M	—	200x	as long as short