Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.001%

Price spread now: Variational Omni against 01 Exchange+0.102%7-day average +0.003% · you sell dearer than you buy

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

Long on 01 Exchange Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.441%+$44 · spread now +0.102%, 7d avg +0.003%

Together, before fees+0.404%+ Points / potential airdropVariational Omni: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.098% dearer against 01 Exchange than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.29	0.0088	pay 0.0011% / 1h	31m 15s	$104K	$153K	20x
Short	Variational Omni SOL	119.41	0.0100	get 0.0100% / 8h	1h 31m	$27.9M	$128.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now +0.102%Rate

Funding earned: $2.52
Price spread: +0.102% → +0.003%: $9.85
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.37
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: live order book, 53 min ago; Variational Omni: RFQ quote, 3 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 01 Exchange live order book, 53 min ago	0.83 bp	8.4 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	1.22 bp	doesn't fit	1.6 bp −$16	9.2 bp −$918	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
Bluefin SOL-PERP	−0.0162%	1h	119.17	−0.100%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.09	−0.167%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	−0.005%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.22	−0.056%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.28	−0.005%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.25	−0.032%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.26	−0.023%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.24	−0.043%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.29	+0.002%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.059%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0066%	1h	119.23	−0.051%	$26.7M	$27.6M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.19	−0.083%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0075%	1h	119.41	+0.103%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.24	−0.040%	—	$374.2M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.24	−0.042%	$869.9M	$682.4M	100x	as long as short
HTX SOL-USDT	+0.0083%	8h	119.11	−0.149%	$232.0M	$44.8M	75x	as long as short
01 Exchange SOLUSDlong	+0.0088%	1h	119.29	long leg	$104K	$153K	20x
Lighter SOL	+0.0096%	1h	119.17	−0.101%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.112%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.19	−0.083%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.18	−0.089%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.034%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	−0.041%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	+0.059%	$718.7M	$416.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.23	−0.051%	$178.5M	$176.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	−0.009%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.17	−0.101%	$985.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.18	−0.092%	$823.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	−0.126%	$371.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.025%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.018%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.26	−0.025%	$451.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.27	−0.017%	$140.9M	$200.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.16	−0.109%	$495.0M	$455.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.25	−0.034%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	119.41	+0.102%	$27.9M	$128.1M	—
edgeX SOLUSDC	+0.0100%	4h	119.40	+0.094%	$95.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.088%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.40	+0.090%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.27	−0.017%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	−0.025%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.24	−0.038%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	−0.095%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.18	−0.092%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.19	−0.084%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.384%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.15	−0.120%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.21	−0.070%	$8.2M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.30	+0.011%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.101%	$32.6M	$95.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.24	−0.039%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.23	−0.048%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.31	+0.015%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.134%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.17	−0.101%	$52.2M	$82.7M	125x	as long as short