Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Bybit against ApeX Omni−0.255%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 7 days+0.280%+$28 · spread now −0.255%, 7d avg +0.005%

Together, before fees+0.523%+$52 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: Bybit is 0.260% cheaper against ApeX Omni than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	119.40	0.0100	pay 0.0013% / 1h	31m 05s	$1.5M	$6.2M	50x
Short	Bybit SOLUSDT	119.09	0.0100	get 0.0100% / 8h	1h 31m	$822.7M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.255%Rate

Funding earned: $0
Price spread: −0.255% → +0.005%: −$26.02
Slippage, 4 orders: −$2.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.61
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Bybit: live order book, 3 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 ApeX Omni live order book, 3 min ago	0.84 bp	5.8 bp −$6	8.7 bp −$87	66.4 bp −$6,636	doesn't fit
Sell Bybit live order book, 3 min ago	0.42 bp	5.9 bp −$6	6.8 bp −$68	9.1 bp −$912	16.4 bp −$8,187

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	−0.189%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.09	−0.257%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	−0.095%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.22	−0.145%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.28	−0.094%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.25	−0.121%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.26	−0.112%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.24	−0.132%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.29	−0.088%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	−0.031%	$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	−0.140%	$26.7M	$27.6M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.19	−0.173%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0075%	1h	119.41	+0.014%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.18	−0.185%	—	$374.2M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.16	−0.198%	$869.0M	$682.6M	100x	as long as short
HTX SOL-USDT	+0.0083%	8h	119.11	−0.238%	$232.0M	$44.8M	75x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	−0.090%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.191%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.202%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.19	−0.173%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.18	−0.178%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.123%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	−0.131%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.26	−0.115%	$718.1M	$416.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	−0.205%	$178.3M	$176.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	−0.098%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.09	−0.257%	$985.0M	$3.80B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.09	−0.255%	$822.7M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.09	−0.257%	$370.9M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.115%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	−0.071%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.17	−0.190%	$450.9M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.16	−0.196%	$141.0M	$200.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.18	−0.183%	$495.0M	$455.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.18	−0.182%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.012%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.40	+0.004%	$95.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	−0.001%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	119.40	long leg	$1.5M	$6.2M	50x
StandX SOL-USD	+0.0100%	1h	119.27	−0.106%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	−0.115%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.24	−0.128%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	−0.185%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.18	−0.182%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.19	−0.173%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.294%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.15	−0.210%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.21	−0.160%	$8.2M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.30	−0.078%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.190%	$32.6M	$95.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.24	−0.129%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.23	−0.138%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.31	−0.075%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.224%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.17	−0.190%	$52.2M	$82.7M	125x	as long as short