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% APRpaid last 24h 0.000%

Price spread now: Bulk against Variational Omni+0.142%7-day average −0.007% · you sell dearer than you buy

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

Long on Variational Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.142%, 7d avg −0.007%

Together, before fees−0.103%+ Points / potential airdropVariational Omni: Active · farm board−$10 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: Bulk is 0.149% dearer against Variational Omni than usual: you sell high and buy low, +$15 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	118.48	0.0100	pay 0.0100% / 8h	5m 13s	$27.0M	$128.9M	—
Short	Bulk SOL-USD	118.65	0.0100	get 0.0013% / 1h	5m 13s	$133.6M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → −0.007%: $14.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $7.85
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bulk: live order book, 4 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, 4 min ago	1.18 bp	doesn't fit	1.2 bp −$12	9.2 bp −$919	doesn't fit
Sell Bulk live order book, 4 min ago	4.21 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$771	14.0 bp −$6,998

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
Derive SOL-PERP	−0.0100%	1h	118.48	−0.001%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	+0.030%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.51	+0.023%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	118.56	+0.071%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.57	+0.076%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.57	+0.074%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.55	+0.059%	$174K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0007%	1h	118.55	+0.060%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0029%	1h	118.63	+0.129%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0065%	8h	118.55	+0.060%	$865.8M	$688.1M	100x	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	+0.0077%	8h	118.57	+0.077%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.53	+0.040%	$230.7M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.57	+0.077%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.52	+0.032%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.52	+0.031%	$120K	$631K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.56	+0.069%	$13.4M	$56.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.50	+0.013%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.57	+0.074%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.60	+0.100%	$8.1M	$415.6M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.54	+0.048%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.53	+0.043%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	+0.060%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.68	+0.170%	$717.6M	$407.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.55	+0.060%	$178.1M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.54	+0.051%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.56	+0.068%	$977.6M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.57	+0.078%	$821.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.54	+0.051%	$370.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.033%	$230K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.60	+0.103%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	118.65	+0.142%	$133.6M	$4.4M	20x
MEXC SOL_USDT	+0.0100%	8h	118.56	+0.068%	$428.1M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.57	+0.075%	$137.1M	$206.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.56	+0.068%	$491.8M	$458.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.54	+0.051%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	118.48	long leg	$27.0M	$128.9M	—
edgeX SOLUSDC	+0.0100%	4h	118.60	+0.101%	$95.3M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	+0.136%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	+0.085%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.55	+0.060%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.55	+0.064%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.55	+0.060%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.55	+0.057%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.57	+0.077%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.57	+0.077%	$46.4M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.64	+0.136%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.56	+0.066%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.58	+0.088%	$32.5M	$96.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.61	+0.108%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.55	+0.063%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.57	+0.074%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.153%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.54	+0.048%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.59	+0.094%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.56	+0.067%	$1.8M	$4.8M	20x	as long as short