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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment $0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against Variational Omni+0.219%7-day average −0.051% · you sell dearer than you buy
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 4 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.226%−$23 · spread now +0.219%, 7d avg −0.051%
Together, before fees−0.223%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: Katana Perps is 0.270% dearer against Variational Omni than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SOL116.630.0100pay 0.0100% / 8h3h 53m$24.5M$113.9M
ShortKatana Perps SOL-USD116.890.0099get 0.0099% / 8h3h 53m$50K$882K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.23
Price spread: +0.219% → −0.051%
$27.04
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$23.01
Costs to cover
0.038%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Katana 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago1.24 bpdoesn't fit2.0 bp −$209.2 bp −$920doesn't fit
Sell Katana Perps no order-book sample
Katana 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0193%1h116.76+0.109%$31.1M$100.4M100xas long as short
Hibachi SOL/USDT-P−0.0168%1h116.92+0.248%$103K$698K20xas long as short
Vest SOL-PERP−0.0095%1h116.78+0.123%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.84+0.180%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.82+0.159%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.82+0.162%$1.4M$19.1M3.1xas long as short
dYdX SOL-USD+0.0006%1h116.94+0.262%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0030%1h116.72+0.070%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.79+0.130%$7.4M$404.7M50xas long as short
Orderly PERP_SOL_USDC+0.0093%8h116.79+0.132%$1.0M$5.8M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL+0.0095%1h116.82+0.159%$26.3M$23.3M50xas long as short
Lighter SOL+0.0096%1h116.89+0.221%$13.1M$59.7M25xas long as short
Lighter RH SOL+0.0096%1h116.89+0.221%$2.2M$16.7M25xas long as short
01 Exchange SOLUSD+0.0096%1h117.00+0.313%$99K$174K20xas long as short
Aevo SOL-PERP+0.0096%1h116.65+0.012%$347K$244K20xas long as short
Katana Perps SOL-USDshort+0.0099%8h116.89+0.219%$50K$882K20x
Paradex SOL-USD-PERP+0.0100%8h116.98+0.297%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h116.94+0.263%$5.5M$40.0M40xas long as short
Hyperliquid SOL+0.0100%1h116.98+0.296%$706.3M$393.2M20xas long as short
Aster SOLUSDT+0.0100%8h116.92+0.247%$175.1M$182.9M100xas long as short
Pacifica SOL+0.0100%1h116.96+0.283%$15.8M$130.2M20xas long as short
Binance SOLUSDT+0.0100%8h116.99+0.305%$976.2M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h116.91+0.238%$775.7M$1.36B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.00+0.313%$368.6M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.77+0.116%$231K$838K10xas long as short
Arcus SOL-USD+0.0100%1h116.97+0.290%$926K$8.8M20xas long as short
Gate SOL_USDT+0.0100%8h116.86+0.193%$848.2M$655.2M100xas long as short
MEXC SOL_USDT+0.0100%8h116.94+0.262%$367.5M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.86+0.190%$129.3M$222.0M75xas long as short
Bitget SOLUSDT+0.0100%8h116.91+0.239%$480.3M$442.2M100xas long as short
BingX SOL-USDC+0.0100%8h116.90+0.225%$10.5Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.73+0.082%$23.2M$39.1M50xas long as short
Variational Omni SOLlong+0.0100%8h116.63long leg$24.5M$113.9M
edgeX SOLUSDC+0.0100%4h116.75+0.103%$93.7M$398.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.61−0.021%$47.7M$30.1M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.90+0.230%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.86+0.193%$1.3M$12.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.80+0.142%$322K$2.6M20xas long as short
Bullet SOL-USD+0.0100%1h116.80+0.139%$149K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.78+0.120%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.81+0.148%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.77+0.116%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.74+0.087%$226.4M$47.9M75xas long as short
Phemex SOLUSDT+0.0100%8h116.79+0.133%$45.7M$102.5M50xas long as short
Bulk SOL-USD+0.0100%1h116.90+0.227%$134.0M$22.8M20xas long as short
Extended SOL-USD+0.0104%1h116.89+0.218%$8.3M$37.5M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.72+0.073%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.96+0.278%$231.4M500xas long as short
Phoenix SOL+0.0137%1h116.80+0.142%$6.5M$13.8M25xas long as short
Reya SOLRUSDPERP+0.0191%1h116.76+0.106%$1.1M$541K25xas long as short
BloFin SOL-USDT+0.0220%8h116.94+0.262%$52.1M$67.7M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.81+0.150%$3.6M200xas long as short
Perpl SOL+0.0447%43m116.83+0.166%$138K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0533%1h116.84+0.173%$25K$50K20xas long as short
RISEx SOL/USDC+0.0561%1h117.03+0.343%$1.9M$4.8M20xas long as short