Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+0.188%7-day average +0.003% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.201%−$20 · spread now +0.188%, 7d avg +0.003%

Together, before fees−0.201%+ Points / potential airdropVariational Omni: Active · farm board−$20 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 0.185% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	115.78	0.0100	pay 0.0100% / 8h	2h 33m	$123.6M	$229.0M	75x
Short	Variational Omni SOL	116.00	0.0100	get 0.0100% / 8h	2h 33m	$24.8M	$114.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.188%Rate

Funding earned: $0
Price spread: +0.188% → +0.003%: $18.51
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.51
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 11 min ago; Variational Omni: RFQ quote, 1 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 KuCoin live order book, 11 min ago	0.56 bp	8.4 bp −$8	10.1 bp −$101	17.5 bp −$1,748	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	1.21 bp	doesn't fit	2.8 bp −$28	10.9 bp −$1,088	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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.81	+0.030%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	+0.068%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.70	−0.066%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.74	−0.034%	$740.1M	$1.42B	100x	as long as short
BingX SOL-USDC	−0.0115%	8h	115.74	−0.036%	—	$10.6M	—	as long as short
Vest SOL-PERP	−0.0103%	1h	115.80	+0.021%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.06	+0.245%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.79	+0.010%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.83	+0.042%	$1.5M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.81	+0.029%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0008%	1h	115.80	+0.018%	$99K	$176K	20x	as long as short
dYdX SOL-USD	+0.0015%	1h	115.80	+0.018%	$4.3M	$24.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.81	+0.024%	$7.8M	$403.7M	50x	as long as short
Bitget SOLUSDT	+0.0069%	8h	115.76	−0.018%	$479.3M	$454.7M	100x	as long as short
Bullet SOL-USD	+0.0083%	1h	115.77	−0.004%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	115.80	+0.016%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.78	+0.005%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.77	−0.006%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	+0.019%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.81	+0.027%	$64K	$907K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.76	−0.014%	$173.7M	$184.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.79	+0.009%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.76	−0.014%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.86	+0.070%	$686.4M	$399.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.80	+0.020%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.84	+0.053%	$962.0M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.78	+0.001%	$361.0M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	+0.061%	$216K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.87	+0.077%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.396%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.77	−0.008%	$838.6M	$666.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.78	+0.001%	$356.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	115.78	long leg	$123.6M	$229.0M	75x
Backpack SOL_USDC_PERP	+0.0100%	1h	115.82	+0.035%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	116.00	+0.188%	$24.8M	$114.4M	—
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.301%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	+0.182%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	+0.353%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.95	+0.148%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.76	−0.016%	$318K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.77	−0.004%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.79	+0.006%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.79	+0.010%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.77	−0.005%	$224.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.84	+0.053%	$45.1M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.74	−0.035%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.79	+0.007%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	115.85	+0.065%	$26.2M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.666%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.11	+0.286%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.75	−0.028%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	+0.027%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.78	+0.001%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.91	+0.110%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0604%	1h	116.02	+0.211%	$25K	$53K	20x	as long as short