Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.045%

Price spread now: Jupiter Perps against Variational Omni+0.012%7-day average +0.001% · you sell dearer than you buy

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

Long on Variational Omni Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.153%−$15 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.012%, 7d avg +0.001%

Together, before fees−0.171%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	116.28	0.0100	pay 0.0100% / 8h	3h 08m	$25.0M	$114.0M	—
Short	Jupiter Perps SOL-PERP	116.30	L +0.0120% / S +0.0048%	pay 0.0006% / 1h	8m 19s	—	$235.8M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Jupiter PerpsbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$31.08
Price spread: +0.012% → +0.001%: $1.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$41.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Jupiter Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 1 min ago	1.25 bp	doesn't fit	2.0 bp −$20	10.2 bp −$1,018	doesn't fit
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	−0.0216%	1h	116.27	−0.013%	$105K	$704K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.37	+0.074%	$31.4M	$102.5M	100x	as long as short
Vest SOL-PERP	−0.0108%	1h	116.26	−0.016%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.29	+0.004%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0072%	8h	116.27	−0.016%	$747.9M	$1.40B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.30	+0.010%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.36	+0.066%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.38	+0.086%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.26	−0.021%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.37	+0.074%	$7.6M	$404.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0063%	1h	116.32	+0.034%	$146K	$1.6M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.31	+0.023%	$99K	$175K	20x	as long as short
Bitget SOLUSDT	+0.0088%	8h	116.32	+0.035%	$480.1M	$447.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.38	+0.080%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.29	+0.005%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.27	−0.013%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.35	+0.059%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.27	−0.012%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.31	+0.023%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.30	+0.014%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.41	+0.109%	$700.6M	$395.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.31	+0.025%	$174.2M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.32	+0.031%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.35	+0.057%	$969.9M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.35	+0.057%	$367.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.26	−0.020%	$224K	$853K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.33	+0.044%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.46	+0.152%	$132.4M	$15.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.32	+0.031%	$853.8M	$669.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.33	+0.040%	$367.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	+0.020%	$128.4M	$226.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.28	−0.007%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.26	−0.020%	$22.9M	$39.8M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	116.28	long leg	$25.0M	$114.0M	—
edgeX SOLUSDC	+0.0100%	4h	116.48	+0.168%	$93.5M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.47	+0.160%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	+0.217%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	+0.100%	$1.3M	$12.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.29	+0.006%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.33	+0.041%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.35	+0.053%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.36	+0.066%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.29	+0.007%	$225.4M	$48.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.37	+0.074%	$45.3M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.30	+0.014%	$8.3M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.358%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0120% / S +0.0048%	1h	116.30	+0.012%	—	$235.8M	500x
Phoenix SOL	+0.0151%	1h	116.60	+0.272%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.28	+0.001%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0212%	1h	116.42	+0.118%	$26.2M	$23.0M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.26	−0.020%	$51.9M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.34	+0.050%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.34	+0.052%	$122K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.37	+0.078%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0573%	1h	116.46	+0.150%	$25K	$52K	20x	as long as short