Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.044%

Price spread now: Variational Omni against Vest−0.213%7-day average +0.005% · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.102%+$10 on $10k

Price spread, last 7 days+0.200%+$20 · spread now −0.213%, 7d avg +0.005%

Together, before fees+0.303%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.217% cheaper against Vest than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of +0.005%). If the spread goes back, that is −$22 on $10k: about 5.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SOL-PERP	116.70	−0.0046	get 0.0006% / 1h	14m 05s	—	$625K	20x
Short	Variational Omni SOL	116.46	0.0100	get 0.0100% / 8h	2h 14m	$25.1M	$113.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.213%Rate

Funding earned: $30.69
Price spread: −0.213% → +0.005%: −$21.72
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.98
Costs to cover: 0.020%
Break-even: 5.4 days

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 5 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	1.25 bp	doesn't fit	3.0 bp −$30	11.6 bp −$1,164	doesn't fit

Vest: 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
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.88	+0.154%	$32.0M	$103.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0120%	1h	116.53	−0.153%	$103K	$695K	20x	as long as short
BingX SOL-USDC	−0.0108%	8h	116.78	+0.069%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0106%	8h	116.79	+0.076%	$741.0M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.64	−0.054%	$1K	$8K	25x	as long as short
Vest SOL-PERPlong	−0.0046%	1h	116.70	long leg	—	$625K	20x
Derive SOL-PERP	−0.0003%	1h	116.78	+0.063%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.83	+0.108%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.80	+0.081%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.78	+0.062%	$114K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.61	−0.080%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.79	+0.074%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.90	+0.168%	$7.8M	$407.1M	50x	as long as short
Bitget SOLUSDT	+0.0063%	8h	116.79	+0.072%	$481.1M	$461.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.86	+0.133%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.86	+0.131%	$13.0M	$61.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.85	+0.124%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.81	+0.088%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.65	−0.046%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.72	+0.016%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.72	+0.018%	$5.2M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.91	+0.177%	$698.4M	$406.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.84	+0.113%	$176.1M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	−0.007%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.83	+0.104%	$974.6M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.81	+0.091%	$368.9M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.56	−0.123%	$217K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	+0.010%	$911K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.730%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.85	+0.125%	$845.0M	$673.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.81	+0.091%	$357.3M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.87	+0.140%	$127.2M	$230.9M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	+0.108%	$23.1M	$38.1M	50x	as long as short
Variational Omni SOLshort	+0.0100%	8h	116.46	−0.213%	$25.1M	$113.9M	—
edgeX SOLUSDC	+0.0100%	4h	116.49	−0.186%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.259%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	−0.092%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.106%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.76	+0.048%	$318K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.80	+0.078%	$168K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.84	+0.113%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.78	+0.062%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.87	+0.142%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.83	+0.106%	$225.9M	$50.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.83	+0.108%	$45.5M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.82	+0.100%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.83	+0.112%	—	$239.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0173%	1h	116.92	+0.188%	$26.4M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.894%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.53	−0.149%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.74	+0.033%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	−0.098%	$51.7M	$68.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.80	+0.080%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0540%	1h	116.38	−0.274%	$25K	$55K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.77	+0.055%	$2.1M	$4.9M	20x	as long as short