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

SOL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Variational Omni−0.027%46s7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SOL118.760.0100pay 0.0100% / 8h2h 35m$27.4M$127.2M
ShortHotstuff SOL-PERP118.72−0.0080pay 0.0010% / 1h35m 43s$842$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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

Funding earned
−$37.8
Price spread: −0.027% → 0.000%
−$2.74
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$45.54
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hotstuff: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago1.22 bpdoesn't fit1.2 bp −$126.0 bp −$602doesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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
Injective SOL/USDC PERP−0.0151%1h118.89+0.113%$4K$2K12xas long as short
Derive SOL-PERP−0.0104%1h118.86+0.090%$2.0M$3.2M13xas long as short
Hotstuff SOL-PERPshort−0.0080%1h118.72−0.027%$842$8K25x
Vest SOL-PERP−0.0080%1h118.95+0.162%$724K20xas long as short
Aftermath Perps SOLUSD−0.0022%1h118.90+0.123%$24K$47K20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.96+0.171%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.02+0.223%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.97+0.180%$180K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL0.0000%1h118.99+0.199%$26.7M$27.6M50xas long as short
dYdX SOL-USD0.0000%1h119.00+0.203%$4.9M$26.9M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT+0.0042%1h118.74−0.013%$1.5M$6.2M50xas long as short
Orderly PERP_SOL_USDC+0.0060%8h118.96+0.172%$1.1M$5.9M100xas long as short
HTX SOL-USDT+0.0067%8h118.89+0.111%$231.6M$43.6M75xas long as short
01 Exchange SOLUSD+0.0072%1h119.01+0.214%$104K$152K20xas long as short
BingX SOL-USDT+0.0080%8h119.03+0.227%$371.8Mas long as short
Hibachi SOL/USDT-P+0.0080%1h119.16+0.339%$123K$600K20xas long as short
Gate SOL_USDT+0.0083%8h118.95+0.164%$867.2M$679.8M100xas long as short
Lighter SOL+0.0096%1h119.01+0.218%$13.4M$53.5M25xas long as short
Lighter RH SOL+0.0096%1h119.01+0.213%$2.0M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h118.95+0.167%$353K$741K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.01+0.216%$1.0M$524K50xas long as short
KuCoin SOLUSDTM+0.0099%8h119.01+0.211%$143.2M$196.4M75xas long as short
Katana Perps SOL-USD+0.0100%8h118.99+0.197%$45K$780K20xas long as short
Nado SOL-PERP+0.0100%1h118.98+0.190%$5.5M$40.5M40xas long as short
Hyperliquid SOL+0.0100%1h119.08+0.273%$717.9M$413.1M20xas long as short
Aster SOLUSDT+0.0100%8h119.00+0.208%$179.6M$174.4M100xas long as short
Pacifica SOL+0.0100%1h119.06+0.253%$12.4M$114.1M20xas long as short
Binance SOLUSDT+0.0100%8h119.02+0.223%$972.1M$3.73B100xas long as short
Bybit SOLUSDT+0.0100%8h119.05+0.248%$822.9M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.01+0.214%$370.2M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.95+0.164%$234K$863K10xas long as short
Arcus SOL-USD+0.0100%1h119.09+0.285%$2.0M$8.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.03+0.231%$468.4M$1.08B300xas long as short
Bitget SOLUSDT+0.0100%8h119.02+0.224%$496.8M$448.5M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.96+0.172%$24.4M$38.1M50xas long as short
Variational Omni SOLlong+0.0100%8h118.76long leg$27.4M$127.2M
edgeX SOLUSDC+0.0100%4h118.71−0.039%$95.3M$397.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.74−0.011%$48.6M$33.3M20xas long as short
StandX SOL-USD+0.0100%1h119.11+0.298%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.97+0.181%$364K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.96+0.175%$202K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.95+0.164%$37K$15K25xas long as short
SunX SOL-USDT+0.0100%8h118.97+0.181%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.93+0.147%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.98+0.189%$46.4M$99.8M50xas long as short
Bulk SOL-USD+0.0100%1h118.71−0.039%$133.1M$11.8M20xas long as short
Extended SOL-USD+0.0104%1h118.95+0.163%$8.6M$37.0M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h118.98+0.191%$8.1M$414.1M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.98+0.188%$216.9M500xas long as short
Phoenix SOL+0.0154%1h118.79+0.029%$6.7M$12.5M25xas long as short
RISEx SOL/USDC+0.0175%1h119.01+0.213%$1.6M$6.1M20xas long as short
Reya SOLRUSDPERP+0.0180%1h118.97+0.182%$1.1M$557K25xas long as short
BloFin SOL-USDT+0.0220%8h119.12+0.307%$51.8M$86.8M125xas long as short
Kraken Futures PF_SOLUSD+0.0224%1h118.94+0.156%$36.0M$89.4M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0237% / S −0.0173%1h118.98+0.185%$3.6M200xas long as short