Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.036%

Price spread now: Paradex against Bluefin−0.072%7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.072% cheaper against Bluefin than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	119.35	0.0100	pay 0.0013% / 1h	26m 49s	$38K	$16K	25x
Short	Paradex SOL-USD-PERP	119.27	0.0099	get 0.0099% / 8h	2h 26m	$1.0M	$524K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bluefin. 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 BluefinbpFee ParadexbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$0.21
Price spread: −0.072% → 0.000%: −$7.17
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.38
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bluefin: 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 Bluefin no order-book sample	—	—	—	—	—
Sell Paradex live order book, 2 min ago	1.80 bp	3.8 bp −$4	9.9 bp −$99	doesn't fit	doesn't fit

Bluefin: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.169%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.068%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	119.22	−0.114%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0054%	1h	119.28	−0.064%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.33	−0.020%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	−0.042%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.27	−0.069%	$180K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.32	−0.031%	$4.9M	$26.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0009%	1h	119.10	−0.209%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	119.43	+0.063%	$26.8M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	119.19	−0.132%	$122K	$600K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	119.37	+0.018%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0061%	8h	119.22	−0.109%	$232.3M	$43.7M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.32	−0.027%	$104K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	119.04	−0.261%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.37	+0.017%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0085%	8h	119.35	−0.002%	$871.5M	$682.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.36	+0.007%	$13.6M	$54.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.35	−0.003%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.35	−0.003%	$355K	$741K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	119.27	−0.072%	$1.0M	$524K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.28	−0.060%	$45K	$783K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	−0.056%	$6.4M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.48	+0.107%	$720.6M	$415.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.39	+0.030%	$180.0M	$174.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	−0.037%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.40	+0.040%	$976.1M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.43	+0.067%	$827.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.37	+0.015%	$371.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.18	−0.144%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.34	−0.010%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.37	+0.015%	$473.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.36	+0.008%	$143.0M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.41	+0.046%	$498.8M	$449.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.40	+0.040%	$24.5M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.237%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.01	−0.284%	$95.6M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	−0.241%	$48.7M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.14	−0.178%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.29	−0.052%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.31	−0.034%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	119.35	long leg	$38K	$16K	25x
SunX SOL-USDT	+0.0100%	8h	119.25	−0.082%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.36	+0.007%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	−0.018%	$46.7M	$100.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.311%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.35	0.000%	$8.7M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.41	+0.051%	$8.1M	$415.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.31	−0.039%	—	$217.3M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.04	−0.261%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.32	−0.026%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.28	−0.060%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	−0.018%	$51.7M	$86.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.39	+0.029%	$36.1M	$89.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.33	−0.019%	$3.5M	—	200x	as long as short