Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: OKX against ApeX Omni−0.265%50s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 7 days+0.224%+$22 · spread now −0.265%, 7d avg −0.008%

Together, before fees+0.462%+$46 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: OKX is 0.258% 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 −0.008%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	116.87	0.0100	pay 0.0013% / 1h	26m 38s	$1.2M	$6.7M	50x
Short	OKX SOL-USDT-SWAP	116.56	0.0100	get 0.0100% / 8h	3h 26m	$366.2M	$1.69B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.265%Rate

Funding earned: $0
Price spread: −0.265% → −0.008%: −$25.76
Slippage, 4 orders: −$1.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.71
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; OKX: 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, 2 min ago	0.43 bp	5.5 bp −$5	8.5 bp −$85	66.5 bp −$6,645	doesn't fit
Sell OKX live order book, 3 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	9.9 bp −$986	20.4 bp −$10.2K

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	116.59	−0.242%	$31.0M	$101.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0176%	1h	116.72	−0.129%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0093%	1h	116.59	−0.242%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.66	−0.182%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0004%	8h	116.46	−0.351%	$756.8M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	−0.216%	$42K	—	150x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.57	−0.259%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.54	−0.286%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	−0.224%	$7.6M	$404.9M	50x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.63	−0.205%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0090%	1h	116.59	−0.238%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.61	−0.223%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.58	−0.252%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.55	−0.274%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.59	−0.237%	$349K	$246K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.58	−0.248%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	−0.244%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.64	−0.198%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.66	−0.180%	$704.3M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	−0.291%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.59	−0.241%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.54	−0.281%	$972.3M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	116.56	−0.265%	$366.2M	$1.69B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	−0.257%	$229K	$839K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	−0.254%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	−0.102%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.53	−0.291%	$851.6M	$663.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.265%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.54	−0.282%	$129.0M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.51	−0.305%	$480.9M	$444.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.50	−0.315%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.282%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.79	−0.065%	$24.6M	$113.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	−0.116%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	−0.163%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	116.87	long leg	$1.2M	$6.7M	50x
StandX SOL-USD	+0.0100%	1h	116.68	−0.163%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	−0.231%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.61	−0.222%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.60	−0.230%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.59	−0.240%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.55	−0.277%	$225.9M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	−0.197%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.50	−0.320%	$8.3M	$37.7M	50x	as long as short
Kalshi KXSOLPERP	+0.0106%	8h	116.62	−0.213%	$1.4M	$19.0M	3.1x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	−0.145%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.68	−0.163%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	−0.086%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	116.66	−0.184%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.58	−0.245%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	−0.240%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.61	−0.224%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.69	−0.155%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.78	−0.077%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.61	−0.219%	$1.9M	$4.8M	20x	as long as short