Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni−0.036%7-day average −0.003% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.036%, 7d avg −0.003%

Together, before fees+0.049%+ Points / potential airdropVariational Omni: Active · farm board+$5 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: KuCoin is 0.033% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOL	116.61	0.0100	pay 0.0100% / 8h	4h 21m	$24.3M	$113.7M	—
Short	KuCoin SOLUSDTM	116.57	0.0100	get 0.0100% / 8h	4h 21m	$127.9M	$219.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.003%: −$3.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.26
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 3 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, 3 min ago	1.20 bp	doesn't fit	1.6 bp −$16	7.7 bp −$771	doesn't fit
Sell KuCoin live order book, 3 min ago	0.43 bp	7.3 bp −$7	10.7 bp −$107	14.7 bp −$1,473	30.2 bp −$15.1K

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	−0.0128%	1h	116.69	+0.067%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.56	−0.049%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.76	+0.127%	$913	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.59	−0.021%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	+0.107%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	+0.014%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.52	−0.078%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.60	−0.012%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.61	−0.005%	$7.4M	$404.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.62	+0.009%	$31.0M	$100.1M	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	+0.0091%	8h	116.59	−0.016%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.019%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	−0.023%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	−0.008%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.063%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.63	+0.015%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.58	−0.030%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.67	+0.049%	$704.2M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.57	−0.037%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	+0.010%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.59	−0.020%	$969.2M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.52	−0.081%	$781.7M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.59	−0.020%	$369.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	+0.109%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.59	−0.024%	$927K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.57	−0.037%	$841.5M	$662.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.59	−0.020%	$387.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.57	−0.036%	$127.9M	$219.5M	75x
Bitget SOLUSDT	+0.0100%	8h	116.58	−0.030%	$479.0M	$441.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.57	−0.038%	—	$365.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.61	−0.003%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOLlong	+0.0100%	8h	116.61	long leg	$24.3M	$113.7M	—
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.053%	$93.7M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.075%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.169%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.77	+0.134%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.57	−0.037%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.57	−0.040%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.56	−0.042%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.55	−0.052%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.61	−0.003%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.61	0.000%	$226.4M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.66	+0.040%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.074%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	−0.061%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.60	−0.015%	—	$231.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.100%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.77	+0.134%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.67	+0.045%	$26.3M	$25.4M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.56	−0.044%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.69	+0.066%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0171%	1h	116.58	−0.024%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.61	−0.001%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0528%	1h	116.70	+0.074%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.64	+0.023%	$1.9M	$4.9M	20x	as long as short