Funding arb · Price arb /

SOL

all SOL markets

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 −0.003%

Price spread now: Paradex against Bybit−0.021%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.021%, 7d avg −0.001%

Together, before fees+0.001%+ Points / potential airdropParadex: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	119.22	0.0100	pay 0.0100% / 8h	7h 16m	$826.5M	$1.25B	100x
Short	Paradex SOL-USD-PERP	119.20	0.0100	get 0.0100% / 8h	7h 16m	$1.0M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$0.07
Price spread: −0.021% → −0.001%: −$1.97
Slippage, 4 orders: −$7.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.95
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Paradex: live order book, 3 min ago.

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 Bybit live order book, 3 min ago	0.42 bp	5.9 bp −$6	6.5 bp −$65	9.6 bp −$963	20.2 bp −$10.1K
Sell Paradex live order book, 3 min ago	3.54 bp	5.5 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit

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	119.00	−0.185%	$931	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.09	−0.109%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.93	−0.251%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.21	−0.012%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.02	−0.174%	$32.4M	$97.3M	100x	as long as short
Hibachi SOL/USDT-P	−0.0008%	1h	118.90	−0.271%	$100K	$650K	20x	as long as short
HTX SOL-USDT	−0.0001%	8h	118.96	−0.223%	$231.3M	$44.1M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.20	−0.021%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.09	−0.117%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.20	−0.020%	$154K	$3.8M	8.3x	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	+0.0032%	1h	119.18	−0.038%	$104K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0067%	1h	119.19	−0.033%	$37K	$17K	25x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.14	−0.071%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.18	−0.037%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0086%	1h	119.07	−0.133%	$26.7M	$24.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.03	−0.160%	$8.1M	$410.0M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	119.18	−0.038%	$857.6M	$670.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.18	−0.038%	$14.1M	$56.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.14	−0.072%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.14	−0.075%	$349K	$260K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	119.20	−0.021%	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.13	−0.080%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.15	−0.059%	$6.3M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.29	+0.055%	$726.7M	$397.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.17	−0.046%	$180.0M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.22	−0.004%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.18	−0.039%	$981.2M	$3.74B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	119.22	long leg	$826.5M	$1.25B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.17	−0.046%	$371.4M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.122%	$233K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.16	−0.055%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.392%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.18	−0.038%	$431.2M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.19	−0.026%	$138.9M	$203.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.18	−0.040%	$494.2M	$439.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.06	−0.138%	$24.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.93	−0.251%	$25.0M	$130.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.89	−0.284%	$95.5M	$403.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.91	−0.265%	$48.7M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.86	−0.306%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.01	−0.180%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.18	−0.038%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.16	−0.051%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.02	−0.170%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.01	−0.180%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.04	−0.155%	$46.7M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.075%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	−0.105%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.02	−0.170%	—	$218.9M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.17	−0.045%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.19	−0.026%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.180%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.17	−0.048%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0194%	1h	119.05	−0.147%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.04	−0.155%	$51.9M	$75.0M	125x	as long as short