Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: ApeX Omni against Bybit+0.249%109s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as 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−$240.237% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 7 days−0.224%−$22 · spread now +0.249%, 7d avg −0.005%

Together, before fees−0.449%−$45 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: ApeX Omni is 0.254% dearer against Bybit than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 109 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	Bybit SOLUSDT	116.52	0.0100	pay 0.0100% / 8h	4h 21m	$781.8M	$1.35B	100x
Short	ApeX Omni SOLUSDT	116.81	0.0100	get 0.0013% / 1h	21m 45s	$1.3M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.249%Rate

Funding earned: $0
Price spread: +0.249% → −0.005%: $25.38
Slippage, 4 orders: −$2.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $1.73
Costs to cover: 0.237%
Break-even: from the start

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 2 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 Bybit live order book, 2 min ago	0.43 bp	5.9 bp −$6	6.7 bp −$67	10.8 bp −$1,080	21.1 bp −$10.5K
Sell ApeX Omni live order book, 2 min ago	0.86 bp	5.9 bp −$6	9.0 bp −$90	doesn't fit	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
Hibachi SOL/USDT-P	−0.0128%	1h	116.68	+0.137%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.67	+0.128%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.68	+0.136%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	+0.146%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	+0.187%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	+0.094%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.65	+0.110%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.79	+0.232%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.69	+0.150%	$7.4M	$404.8M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.68	+0.140%	$31.1M	$100.2M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.72	+0.170%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	+0.061%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	+0.058%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.70	+0.159%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.70	+0.154%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.63	+0.095%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	+0.135%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.70	+0.155%	$704.4M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.60	+0.071%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	+0.090%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.59	+0.060%	$969.2M	$3.79B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	116.52	long leg	$781.8M	$1.35B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	+0.051%	$369.2M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	+0.189%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.77	+0.212%	$929K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.61	+0.077%	$841.8M	$662.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.59	+0.060%	$387.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.58	+0.051%	$127.9M	$219.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.57	+0.043%	$479.0M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.60	+0.070%	—	$365.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.61	+0.077%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.61	+0.080%	$24.3M	$113.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.72	+0.172%	$93.7M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.73	+0.177%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.81	+0.249%	$1.3M	$6.7M	50x
StandX SOL-USD	+0.0100%	1h	116.69	+0.146%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	+0.189%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	+0.133%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.69	+0.149%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.73	+0.183%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.69	+0.146%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.61	+0.080%	$226.4M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.66	+0.120%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.154%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.57	+0.046%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.75	+0.194%	—	$231.0M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0127%	1h	116.74	+0.188%	$26.4M	$25.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.180%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.83	+0.266%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.69	+0.149%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.69	+0.146%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.69	+0.143%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.73	+0.182%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.76	+0.208%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.82	+0.258%	$1.9M	$4.9M	20x	as long as short