Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Variational Omni against ApeX Omni+0.178%7-day average +0.012% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.149%+$15 on $10k

Price spread, last 7 days−0.201%−$20 · spread now +0.178%, 7d avg +0.012%

Together, before fees−0.052%+ Points / potential airdropVariational Omni: Active · farm board−$5 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: Variational Omni is 0.167% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	117.23	0.0100	pay 0.0013% / 1h	35m 27s	$1.5M	$5.9M	50x
Short	Variational Omni SOL	117.44	0.0100	get 0.0100% / 8h	5h 35m	$24.3M	$116.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.012%: $16.66
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 ApeX Omni live order book, 4 min ago	1.71 bp	7.0 bp −$7	9.4 bp −$94	65.3 bp −$6,525	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	1.20 bp	doesn't fit	2.4 bp −$24	11.4 bp −$1,136	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
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.172%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.39	+0.130%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.49	+0.215%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.42	+0.159%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	+0.218%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.43	+0.165%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.39	+0.136%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.44	+0.177%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.32	+0.077%	$102K	$693K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.53	+0.254%	$8.0M	$403.6M	50x	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	+0.0065%	1h	117.52	+0.245%	$26.4M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0073%	8h	117.30	+0.060%	$227.9M	$45.5M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.41	+0.151%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.50	+0.227%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.39	+0.135%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.37	+0.119%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.48	+0.210%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.38	+0.125%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.42	+0.162%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.37	+0.121%	$5.8M	$39.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.44	+0.178%	$176.8M	$178.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.42	+0.160%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.47	+0.203%	$966.3M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.51	+0.233%	$823.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.49	+0.219%	$365.9M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	+0.151%	$237K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.43	+0.165%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	+0.178%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.45	+0.185%	$858.2M	$648.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.48	+0.211%	$426.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.48	+0.212%	$129.8M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.47	+0.201%	$486.8M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.46	+0.194%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	117.44	+0.178%	$24.3M	$116.2M	—
edgeX SOLUSDC	+0.0100%	4h	117.14	−0.078%	$94.1M	$399.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	+0.096%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	117.23	long leg	$1.5M	$5.9M	50x
StandX SOL-USD	+0.0100%	1h	117.38	+0.125%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.47	+0.202%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.48	+0.207%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	+0.181%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	+0.117%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.47	+0.202%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.211%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.38	+0.123%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	+0.192%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.52	+0.245%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.50	+0.230%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0168%	1h	117.59	+0.305%	$718.3M	$392.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.46	+0.193%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.125%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.36	+0.108%	$51.7M	$71.0M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.48	+0.209%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.48	+0.209%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0389%	1h	117.40	+0.140%	$25K	$51K	20x	as long as short