Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0148%/8hnext payment −$0.19 per $10,000 · paid last 24h −0.103%

Price spread now: ApeX Omni against Hibachi−0.396%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Hibachi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 3 days (all we have)−0.565%−$56 · spread now −0.396%, 7d avg −0.055%

Together, before fees−0.831%+ Points / potential airdropHibachi: Active · farm board−$83 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.342% cheaper against Hibachi than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	118.28	0.0200	pay 0.0025% / 1h	24m 48s	$115K	$555K	20x
Short	ApeX Omni SOLUSDT	117.81	0.0052	get 0.0006% / 1h	24m 48s	$1.5M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hibachi. 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 HibachibpFee ApeX OmnibpOrdersPrice spread, now −0.396%Rate

Funding earned: −$31.16
Price spread: −0.396% → −0.055%: −$34.17
Slippage, 4 orders: −$5.21
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$89.55
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Hibachi: live order book, 8 min ago; ApeX Omni: live order book, 4 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 Hibachi live order book, 8 min ago	0.55 bp	5.1 bp −$5	19.3 bp −$193	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	1.70 bp	6.7 bp −$7	9.1 bp −$91	65.9 bp −$6,591	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
Injective SOL/USDC PERP	−0.0627%	1h	117.99	−0.247%	$4K	$41K	12x	as long as short
dYdX SOL-USD	−0.0174%	1h	118.19	−0.078%	$5.2M	$24.4M	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	118.15	−0.109%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.16	−0.100%	$838	$8K	25x	as long as short
Derive SOL-PERP	−0.0040%	1h	118.25	−0.025%	$1.9M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.31	+0.026%	$58K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.31	+0.026%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.26	−0.019%	$172K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0003%	1h	117.97	−0.263%	$24K	$47K	20x	as long as short
HTX SOL-USDT	+0.0017%	8h	118.30	+0.015%	$230.7M	$41.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	+0.0027%	1h	118.31	+0.028%	$37K	$13K	25x	as long as short
KuCoin SOLUSDTM	+0.0050%	8h	118.40	+0.097%	$141.7M	$171.8M	75x	as long as short
ApeX Omni SOLUSDTshort	+0.0052%	1h	117.81	−0.396%	$1.5M	$6.3M	50x
Orderly PERP_SOL_USDC	+0.0053%	8h	118.32	+0.034%	$1.1M	$5.6M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	118.38	+0.084%	$34.2M	$84.2M	100x	as long as short
Bitget SOLUSDT	+0.0064%	8h	118.40	+0.100%	$496.9M	$438.0M	100x	as long as short
OKX SOL-USDT-SWAP	+0.0076%	8h	118.40	+0.100%	$366.4M	$1.67B	100x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.40	+0.100%	$858.8M	$660.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.39	+0.092%	$13.4M	$49.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.40	+0.099%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.27	−0.010%	$114K	$132K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.33	+0.040%	$350K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.13	−0.128%	$1.0M	$438K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.25	−0.027%	$43K	$727K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.21	−0.062%	$5.5M	$39.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.52	+0.201%	$714.2M	$425.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.42	+0.121%	$178.4M	$171.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.20	−0.070%	$13.3M	$105.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.40	+0.103%	$965.5M	$3.63B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.43	+0.125%	$818.4M	$1.23B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.16	−0.103%	$233K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.25	−0.025%	$1.8M	$8.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.40	+0.100%	$468.8M	$1.05B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.40	+0.100%	—	$363.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.41	+0.108%	$24.2M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.06	−0.184%	$27.9M	$117.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.99	−0.245%	$94.8M	$381.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.79	−0.417%	$48.2M	$32.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.17	−0.094%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.26	−0.018%	$390K	$2.2M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.27	−0.007%	$199K	$1.8M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.27	−0.012%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.32	+0.032%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.39	+0.092%	$46.1M	$96.3M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.75	−0.450%	$129.4M	$16.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.38	+0.079%	$8.7M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.38	+0.080%	$7.7M	$397.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.14	−0.122%	—	$207.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	118.41	+0.109%	$26.6M	$27.1M	50x	as long as short
Phoenix SOL	+0.0149%	1h	118.02	−0.221%	$7.4M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0173% / S −0.0075%	1h	118.32	+0.029%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	118.23	−0.043%	$1.1M	$531K	25x	as long as short
RISEx SOL/USDC	+0.0185%	1h	118.24	−0.035%	$1.6M	$6.5M	20x	as long as short
Hibachi SOL/USDT-Plong	+0.0200%	1h	118.28	long leg	$115K	$555K	20x
BloFin SOL-USDT	+0.0220%	8h	118.42	+0.117%	$51.8M	$91.6M	125x	as long as short