Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:48 UTC−0.0347%/8h= −37.9% APRpaid last 24h −0.002%
Price spread now: ApeX Omni against Perpl+0.057%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.057%, 7d avg +0.019%
Together, before fees−0.049%+ Points / potential airdropPerpl: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.038% dearer against Perpl than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.003% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl SOL116.800.0447pay 0.0040% / 43m25m 49s$138K$3.7M8.3x
ShortApeX Omni SOLUSDT116.870.0100get 0.0013% / 1h28m 49s$1.2M$6.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Perpl. 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

Funding earned
−$72.77
Price spread: +0.057% → +0.019%
$3.83
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$92.74
Costs to cover
0.238%
Break-even
never at this rate
Slippage unknown: Perpl: no order-book sample; ApeX Omni: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Perpl no order-book sample
Sell ApeX Omni live order book, just now0.43 bp5.6 bp −$69.8 bp −$9868.1 bp −$6,807doesn't fit
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0193%1h116.71−0.078%$31.0M$101.0M100xas long as short
Hibachi SOL/USDT-P−0.0168%1h116.82+0.014%$103K$699K20xas long as short
Vest SOL-PERP−0.0091%1h116.70−0.091%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.93+0.105%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.74−0.057%$42K150xas long as short
dYdX SOL-USD+0.0011%1h116.77−0.028%$4.4M$24.2M20xas long as short
Bybit SOLUSDT+0.0013%8h116.58−0.194%$758.5M$1.38B100xas long as short
Derive SOL-PERP+0.0032%1h116.65−0.135%$1.9M$2.9M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.72−0.068%$7.6M$405.2M50xas long as short
01 Exchange SOLUSD+0.0072%1h116.75−0.045%$99K$174K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0093%8h116.72−0.072%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.71−0.082%$13.1M$60.1M25xas long as short
Lighter RH SOL+0.0096%1h116.70−0.088%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h116.71−0.078%$350K$246K20xas long as short
Bullet SOL-USD+0.0098%1h116.71−0.076%$147K$1.6M20xas long as short
Katana Perps SOL-USD+0.0099%8h116.69−0.097%$61K$895K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.76−0.038%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.74−0.053%$5.5M$40.2M40xas long as short
Hyperliquid SOL+0.0100%1h116.80−0.003%$705.1M$394.7M20xas long as short
Aster SOLUSDT+0.0100%8h116.68−0.108%$174.8M$183.2M100xas long as short
Pacifica SOL+0.0100%1h116.79−0.010%$15.8M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h116.69−0.096%$974.1M$3.82B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.70−0.088%$366.8M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.79−0.011%$229K$842K10xas long as short
Arcus SOL-USD+0.0100%1h116.76−0.037%$922K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.75−0.045%$133.5M$19.9M20xas long as short
Gate SOL_USDT+0.0100%8h116.67−0.114%$852.6M$663.0M100xas long as short
MEXC SOL_USDT+0.0100%8h116.69−0.097%$367.1M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.67−0.113%$129.2M$223.2M75xas long as short
Bitget SOLUSDT+0.0100%8h116.67−0.110%$481.5M$444.5M100xas long as short
BingX SOL-USDT+0.0100%8h116.67−0.116%$365.7Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.67−0.114%$23.0M$39.8M50xas long as short
Variational Omni SOL+0.0100%8h116.79−0.007%$24.6M$113.4Mas long as short
edgeX SOLUSDC+0.0100%4h116.77−0.029%$93.7M$400.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.90+0.083%$47.8M$30.8M20xas long as short
ApeX Omni SOLUSDTshort+0.0100%1h116.87+0.057%$1.2M$6.7M50x
StandX SOL-USD+0.0100%1h116.80−0.003%$1.3M$12.7M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.71−0.080%$321K$2.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.71−0.079%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.70−0.087%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.72−0.071%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.68−0.108%$226.1M$48.0M75xas long as short
Phemex SOLUSDT+0.0100%8h116.74−0.054%$45.7M$103.1M50xas long as short
Extended SOL-USD+0.0104%1h116.63−0.147%$8.3M$37.6M50xas long as short
Kalshi KXSOLPERP+0.0105%8h116.75−0.044%$1.5M$19.0M3.1xas long as short
Injective SOL/USDC PERP+0.0107%1h116.99+0.160%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.78−0.024%$231.6M500xas long as short
Phoenix SOL+0.0151%1h116.89+0.074%$6.5M$13.8M25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0162%1h116.76−0.033%$26.3M$23.3M50xas long as short
Reya SOLRUSDPERP+0.0191%1h116.69−0.093%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h116.71−0.080%$52.0M$67.2M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.73−0.067%$3.6M200xas long as short
Perpl SOLlong+0.0447%43m116.80long leg$138K$3.7M8.3x
Aftermath Perps SOLUSD+0.0541%1h116.86+0.052%$25K$51K20xas long as short
RISEx SOL/USDC+0.0561%1h116.82+0.011%$1.9M$4.8M20xas long as short