Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.036%

Price spread now: Variational Omni against RISEx+0.232%7-day average +0.011% · you sell dearer than you buy

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 7 days−0.237%−$24 · spread now +0.232%, 7d avg +0.011%

Together, before fees−0.327%+ Points / potential airdropVariational Omni: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.220% dearer against RISEx than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of +0.011%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 3 days (−0.090% in total) that is about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	117.77	0.0136	pay 0.0017% / 1h	12m 03s	$1.9M	$4.9M	20x
Short	Variational Omni SOL	118.04	0.0100	get 0.0100% / 8h	5h 12m	$24.4M	$114.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now +0.232%Rate

Funding earned: −$7.49
Price spread: +0.232% → +0.011%: $22.03
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.54
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 RISEx live order book, 2 min ago	0.04 bp	3.0 bp −$3	5.0 bp −$50	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.19 bp	doesn't fit	1.2 bp −$12	4.0 bp −$399	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
Bluefin SOL-PERP	−0.0086%	1h	117.66	−0.094%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.73	−0.030%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.65	−0.101%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.65	−0.097%	$31.5M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.58	−0.158%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.67	−0.085%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.74	−0.028%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.85	+0.065%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.71	−0.050%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.67	−0.081%	$7.9M	$403.9M	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	+0.0069%	1h	117.70	−0.058%	$26.4M	$24.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.66	−0.091%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.65	−0.100%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.64	−0.111%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.65	−0.101%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.69	−0.067%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.73	−0.030%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.73	−0.030%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.66	−0.093%	$177.2M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.76	−0.010%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.70	−0.059%	$970.3M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.72	−0.044%	$831.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.68	−0.076%	$365.8M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.80	+0.026%	$239K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.72	−0.038%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.166%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.63	−0.118%	$857.8M	$654.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.69	−0.067%	$425.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.70	−0.058%	$130.7M	$213.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.69	−0.071%	$487.7M	$431.3M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.62	−0.129%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	−0.101%	$23.7M	$37.2M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	118.04	+0.232%	$24.4M	$114.5M	—
edgeX SOLUSDC	+0.0100%	4h	117.86	+0.078%	$94.7M	$394.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.96	+0.162%	$48.3M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	+0.052%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	+0.077%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.67	−0.084%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.68	−0.076%	$199K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.67	−0.084%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.65	−0.101%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.81	+0.032%	$228.8M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.68	−0.076%	$45.9M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0103%	8h	117.72	−0.042%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.66	−0.093%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.70	−0.060%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.103%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDClong	+0.0136%	1h	117.77	long leg	$1.9M	$4.9M	20x
Hyperliquid SOL	+0.0173%	1h	117.77	+0.001%	$720.6M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.64	−0.110%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.237%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.69	−0.067%	$51.8M	$71.5M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.76	−0.009%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.68	−0.072%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0412%	1h	117.85	+0.068%	$25K	$51K	20x	as long as short