Funding arb · Price arb /

SOL

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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: Bitget against Variational Omni+0.236%7-day average −0.016% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

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 7 days−0.227%−$23 · spread now +0.236%, 7d avg −0.016%

Together, before fees−0.227%+ Points / potential airdropVariational Omni: Active · farm board−$23 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: Bitget is 0.253% dearer against Variational Omni than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	118.48	0.0100	pay 0.0100% / 8h	3m 15s	$27.0M	$128.9M	—
Short	Bitget SOLUSDT	118.76	0.0100	get 0.0100% / 8h	3m 15s	$492.8M	$458.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.236%Rate

Funding earned: $0
Price spread: +0.236% → −0.016%: $25.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $13.26
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bitget: live order book, 6 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 Variational Omni RFQ quote, 1 min ago	1.18 bp	doesn't fit	2.5 bp −$25	11.2 bp −$1,120	doesn't fit
Sell Bitget live order book, 6 min ago	0.04 bp	8.1 bp −$8	8.5 bp −$85	13.3 bp −$1,329	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	−0.0100%	1h	118.69	+0.177%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.76	+0.235%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.71	+0.197%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.76	+0.240%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.79	+0.262%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.65	+0.144%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.77	+0.247%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0002%	1h	118.55	+0.060%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	118.82	+0.288%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.76	+0.237%	$860.1M	$689.6M	100x	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	+0.0077%	8h	118.78	+0.255%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0079%	8h	118.69	+0.176%	$231.0M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.78	+0.254%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.79	+0.264%	—	$369.4M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.79	+0.266%	$122K	$642K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.75	+0.227%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	+0.224%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.79	+0.261%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.80	+0.271%	$8.1M	$416.5M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.76	+0.238%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.74	+0.220%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.75	+0.229%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.88	+0.338%	$718.9M	$407.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.77	+0.246%	$178.4M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.79	+0.263%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.77	+0.247%	$979.9M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.79	+0.263%	$823.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.75	+0.229%	$370.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.033%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.79	+0.262%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	+0.142%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.79	+0.262%	$426.9M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.79	+0.260%	$137.5M	$206.8M	75x	as long as short
Bitget SOLUSDTshort	+0.0100%	8h	118.76	+0.236%	$492.8M	$458.7M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	+0.279%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	118.48	long leg	$27.0M	$128.9M	—
edgeX SOLUSDC	+0.0100%	4h	118.60	+0.101%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.57	+0.074%	$48.6M	$30.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.79	+0.262%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.78	+0.254%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.77	+0.244%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.77	+0.249%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.74	+0.217%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.76	+0.237%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	+0.229%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	+0.136%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	+0.220%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.77	+0.245%	$32.6M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0117%	1h	118.67	+0.162%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	+0.251%	—	$225.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.78	+0.252%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.153%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.77	+0.246%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.59	+0.094%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.76	+0.238%	$1.8M	$4.8M	20x	as long as short