Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against Variational Omni−0.043%7-day average −0.007% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.043%, 7d avg −0.007%

Together, before fees+0.067%+ Points / potential airdropVariational Omni: Active · farm board+$7 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: Binance is 0.036% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	119.00	0.0100	pay 0.0100% / 8h	2h 33m	$27.4M	$127.2M	—
Short	Binance SOLUSDT	118.95	0.0100	get 0.0100% / 8h	2h 33m	$971.6M	$3.74B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.007%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.55
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Binance: live order book, 11 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 Variational Omni RFQ quote, 1 min ago	1.22 bp	doesn't fit	2.2 bp −$22	5.8 bp −$575	doesn't fit
Sell Binance live order book, 11 min ago	0.42 bp	5.4 bp −$5	5.6 bp −$56	7.7 bp −$771	17.5 bp −$8,767

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	−0.0151%	1h	118.89	−0.093%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.87	−0.108%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.98	−0.020%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.94	−0.051%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0012%	1h	118.98	−0.019%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.98	−0.021%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.17	+0.142%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.96	−0.033%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.05	+0.038%	$26.7M	$27.7M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	118.99	−0.012%	$4.9M	$26.9M	20x	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	+0.0060%	8h	118.97	−0.025%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0066%	8h	119.04	+0.036%	$231.9M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.96	−0.034%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	119.13	+0.107%	$123K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.099%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.96	−0.037%	—	$370.5M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	118.94	−0.051%	$868.1M	$681.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.97	−0.030%	$13.4M	$53.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.012%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.99	−0.012%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.91	−0.076%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.96	−0.034%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.94	−0.051%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.05	+0.041%	$718.3M	$414.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.99	−0.010%	$179.6M	$174.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.98	−0.018%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	118.95	−0.043%	$971.6M	$3.74B	100x
Bybit SOLUSDT	+0.0100%	8h	118.98	−0.020%	$825.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.91	−0.076%	$370.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.043%	$234K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.01	+0.008%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.94	−0.051%	$471.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.95	−0.039%	$142.9M	$196.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.98	−0.013%	$496.6M	$448.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.10	+0.083%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	119.00	long leg	$27.4M	$127.2M	—
edgeX SOLUSDC	+0.0100%	4h	118.99	−0.006%	$95.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	+0.100%	$48.8M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	+0.050%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.95	−0.043%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.94	−0.049%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	−0.022%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.94	−0.052%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.98	−0.018%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.09	+0.075%	$46.5M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.245%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.92	−0.072%	$8.6M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	+0.124%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.96	−0.033%	—	$216.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	+0.025%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.98	−0.018%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.94	−0.048%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.03	+0.025%	$51.8M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	119.02	+0.020%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.97	−0.024%	$3.6M	—	200x	as long as short