Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.055%

Price spread now: Paradex against Aftermath Perps+0.095%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.095% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SOLUSD	118.72	0.0153	pay 0.0019% / 1h	41m 57s	$25K	$51K	20x
Short	Paradex SOL-USD-PERP	118.83	0.0100	get 0.0100% / 8h	7h 41m	$1.0M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath Perps. 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 Aftermath PerpsbpFee ParadexbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$11.24
Price spread: +0.095% → 0.000%: $9.46
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.78
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Paradex: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Paradex live order book, 2 min ago	3.32 bp	5.3 bp −$5	11.1 bp −$111	doesn't fit	doesn't fit

Aftermath 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
Hotstuff SOL-PERP	−0.0080%	1h	118.83	+0.094%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.77	+0.040%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.76	+0.031%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.84	+0.098%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.87	+0.125%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	+0.107%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.84	+0.097%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	+0.121%	$154K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0004%	8h	118.72	+0.003%	$231.1M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0009%	8h	118.82	+0.083%	$46.5M	$100.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	118.86	+0.117%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.84	+0.101%	$121K	$632K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.86	+0.113%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.085%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.85	+0.112%	—	$368.0M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.84	+0.101%	$8.1M	$413.2M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	118.81	+0.075%	$858.7M	$662.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.83	+0.094%	$14.0M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	+0.083%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	+0.103%	$348K	$271K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	118.83	+0.095%	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.81	+0.075%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.82	+0.087%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.83	+0.092%	$178.6M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.85	+0.112%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.79	+0.058%	$979.0M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.81	+0.075%	$822.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	+0.033%	$370.8M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	+0.049%	$232K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	+0.127%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.144%	$133.5M	$4.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.76	+0.033%	$426.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.80	+0.069%	$137.9M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	+0.027%	$492.9M	$446.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	+0.108%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.097%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.128%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.039%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.043%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	+0.092%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.091%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	+0.089%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	+0.067%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.81	+0.075%	$6.2M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	118.88	+0.131%	$26.6M	$24.8M	50x	as long as short
Hyperliquid SOL	+0.0101%	1h	118.96	+0.201%	$720.5M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	+0.013%	$8.7M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.68	−0.035%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	+0.114%	—	$221.9M	500x	as long as short
Aftermath Perps SOLUSDlong	+0.0153%	1h	118.72	long leg	$25K	$51K	20x
RISEx SOL/USDC	+0.0161%	1h	118.85	+0.112%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0084%	1h	118.84	+0.100%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.052%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.81	+0.078%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.80	+0.066%	$52.0M	$78.7M	125x	as long as short