Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h +0.022%
Price spread now: GMX against ApeX Omni+0.007%7-day average +0.048% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.221%+$22 on $10k
Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.007%, 7d avg +0.048%
Together, before fees+0.359%+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.041% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.048%). If the spread goes back, that is −$4 on $10k: about 47 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.221% in total) that is about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SOLUSDT116.650.0100pay 0.0013% / 1h4m 48s$1.2M$6.8M50x
ShortGMX SOL/USD [SOL-USDC]116.66L +0.0231% / S −0.0169%get 0.0021% / 1h4m 48s$3.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$14.47
Price spread: +0.007% → +0.048%
−$4.09
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$11.62
Costs to cover
0.220%
Break-even
12.6 days
Slippage unknown: ApeX Omni: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 4 min ago1.29 bp6.4 bp −$68.7 bp −$8772.4 bp −$7,239doesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi SOL/USDT-P−0.0208%1h116.77+0.102%$97K$678K20xas long as short
Bybit SOLUSDT−0.0113%8h116.60−0.043%$738.7M$1.43B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.75+0.089%$1K$8K25xas long as short
Kraken Futures PF_SOLUSD−0.0072%1h116.66+0.009%$32.3M$106.2M100xas long as short
Derive SOL-PERP−0.0068%1h116.70+0.039%$1.9M$3.0M13xas long as short
Vest SOL-PERP−0.0046%1h116.64−0.008%$634K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.66+0.009%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.73+0.068%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m116.68+0.027%$106K$3.5M8.3xas long as short
dYdX SOL-USD+0.0016%1h116.70+0.040%$4.3M$23.6M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SOLUSDT+0.0037%8h116.60−0.042%$480.8M$459.3M100xas long as short
01 Exchange SOLUSD+0.0048%1h116.68+0.026%$99K$178K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.66+0.011%$8.0M$402.7M50xas long as short
Lighter RH SOL+0.0056%1h116.62−0.026%$2.2M$17.0M25xas long as short
SoDEX SOL-USD+0.0075%1h116.63−0.017%$6.1M$11.0M20xas long as short
Aster SOLUSDT+0.0075%8h116.61−0.034%$176.5M$169.6M100xas long as short
Orderly PERP_SOL_USDC+0.0083%8h116.63−0.017%$1.0M$5.9M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0085%1h116.71+0.048%$26.4M$21.7M50xas long as short
Paradex SOL-USD-PERP+0.0093%8h116.63−0.016%$1.0M$554K50xas long as short
Lighter SOL+0.0096%1h116.62−0.024%$13.2M$61.2M25xas long as short
Aevo SOL-PERP+0.0096%1h116.62−0.027%$351K$252K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.61−0.034%$66K$910K20xas long as short
Nado SOL-PERP+0.0100%1h116.63−0.017%$5.6M$41.2M40xas long as short
Hyperliquid SOL+0.0100%1h116.74+0.074%$701.6M$408.4M20xas long as short
Pacifica SOL+0.0100%1h116.69+0.032%$15.7M$130.6M20xas long as short
Binance SOLUSDT+0.0100%8h116.60−0.039%$966.4M$3.87B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.61−0.034%$367.6M$1.77B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.64−0.009%$217K$837K10xas long as short
Arcus SOL-USD+0.0100%1h116.66+0.009%$900K$8.7M20xas long as short
Bulk SOL-USD+0.0100%1h116.55−0.086%$125.4M$26.0M20xas long as short
Gate SOL_USDT+0.0100%8h116.61−0.034%$849.8M$676.3M100xas long as short
MEXC SOL_USDT+0.0100%8h116.61−0.034%$370.5M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.63−0.015%$133.0M$233.1M75xas long as short
BingX SOL-USDC+0.0100%8h116.63−0.021%$10.7Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.64−0.009%$23.1M$36.9M50xas long as short
Variational Omni SOL+0.0100%8h116.69+0.038%$25.1M$110.9Mas long as short
edgeX SOLUSDC+0.0100%4h116.57−0.071%$93.6M$408.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.63−0.018%$47.7M$29.7M20xas long as short
ApeX Omni SOLUSDTlong+0.0100%1h116.65long leg$1.2M$6.8M50x
StandX SOL-USD+0.0100%1h116.66+0.009%$1.3M$11.9M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.64−0.009%$313K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h116.65+0.004%$242K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.65−0.002%$27K$36K25xas long as short
SunX SOL-USDT+0.0100%8h116.64−0.008%$189K$1.8M30xas long as short
HTX SOL-USDT+0.0100%8h116.62−0.027%$225.8M$50.5M75xas long as short
Phemex SOLUSDT+0.0100%8h116.64−0.009%$45.4M$104.9M50xas long as short
Extended SOL-USD+0.0104%1h116.57−0.066%$8.0M$38.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.67+0.019%$233.7M500xas long as short
Injective SOL/USDC PERP+0.0176%1h116.62−0.026%$4K$2K12xas long as short
Phoenix SOL+0.0178%1h116.73+0.069%$6.5M$13.6M25xas long as short
Reya SOLRUSDPERP+0.0195%1h116.61−0.032%$1.1M$545K25xas long as short
BloFin SOL-USDT+0.0220%8h116.63−0.017%$52.1M$66.6M125xas long as short
GMX SOL/USD [SOL-USDC]shortL +0.0231% / S −0.0169%1h116.66+0.007%$3.5M200x
RISEx SOL/USDC+0.0451%1h116.72+0.060%$2.1M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0488%1h116.72+0.057%$25K$57K20xas long as short