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 0.000%

Price spread now: SunX against Variational Omni−0.174%7-day average −0.013% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.174%, 7d avg −0.013%

Together, before fees+0.128%+ Points / potential airdropVariational Omni: Active · farm board+$13 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: SunX is 0.160% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	116.95	0.0100	pay 0.0100% / 8h	3h 49m	$24.6M	$113.9M	—
Short	SunX SOL-USDT	116.75	0.0100	get 0.0100% / 8h	3h 49m	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.013%: −$16.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.02
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; SunX: 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, 5 min ago	1.24 bp	doesn't fit	2.0 bp −$20	9.2 bp −$920	doesn't fit
Sell SunX live order book, 6 min ago	3.59 bp	21.2 bp −$21	34.2 bp −$342	doesn't fit	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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.78	−0.145%	$31.2M	$100.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	116.77	−0.156%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0091%	1h	116.70	−0.219%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.81	−0.123%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	−0.167%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.83	−0.107%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0004%	1h	116.74	−0.183%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0044%	1h	116.69	−0.223%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.79	−0.140%	$7.4M	$404.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.77	−0.160%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOL	+0.0096%	1h	116.77	−0.156%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.77	−0.160%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.78	−0.149%	$99K	$174K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	−0.167%	$347K	$244K	20x	as long as short
Bybit SOLUSDT	+0.0096%	8h	116.68	−0.235%	$769.5M	$1.37B	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.70	−0.218%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.78	−0.148%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.70	−0.218%	$5.4M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.82	−0.115%	$705.1M	$393.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.72	−0.199%	$174.7M	$183.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.74	−0.183%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.78	−0.149%	$975.5M	$3.81B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.77	−0.158%	$367.9M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.90	−0.047%	$230K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.75	−0.177%	$920K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.71	−0.209%	$850.5M	$657.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.78	−0.149%	$365.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.77	−0.157%	$129.3M	$222.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.72	−0.204%	$480.4M	$443.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.70	−0.216%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.75	−0.175%	$23.1M	$39.1M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	116.95	long leg	$24.6M	$113.9M	—
edgeX SOLUSDC	+0.0100%	4h	116.88	−0.062%	$93.8M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.05	+0.082%	$47.8M	$30.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.99	+0.034%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.77	−0.158%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.71	−0.209%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.74	−0.180%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	−0.175%	$25K	$31K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.75	−0.174%	$189K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	116.77	−0.158%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.67	−0.243%	$226.2M	$47.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.79	−0.141%	$45.8M	$102.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.90	−0.047%	$134.0M	$22.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.70	−0.216%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	−0.201%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.84	−0.095%	—	$231.4M	500x	as long as short
Phoenix SOL	+0.0151%	1h	117.05	+0.082%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.68	−0.236%	$1.1M	$541K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0196%	1h	116.81	−0.119%	$26.4M	$23.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.78	−0.149%	$51.9M	$67.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.74	−0.179%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.76	−0.164%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0520%	1h	116.85	−0.086%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.80	−0.136%	$1.9M	$4.8M	20x	as long as short