Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h −0.004%

Price spread now: Paradex against Coinbase International+0.044%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now +0.044%, 7d avg −0.012%

Together, before fees+0.179%+ Points / potential airdropParadex: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Paradex is 0.056% dearer against Coinbase International than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.012%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	118.76	0.0112	pay 0.0014% / 1h	43m 36s	$8.0M	$413.5M	50x
Short	Paradex SOL-USD-PERP	118.81	0.0099	get 0.0099% / 8h	2h 43m	$1.0M	$525K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$2.79
Price spread: +0.044% → −0.012%: $5.56
Slippage, 4 orders: −$4.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.54
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Paradex: live order book, 1 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 Coinbase International live order book, 6 min ago	0.04 bp	5.6 bp −$6	9.3 bp −$93	18.1 bp −$1,812	doesn't fit
Sell Paradex live order book, 1 min ago	1.81 bp	3.8 bp −$4	9.9 bp −$99	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.109%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.65	−0.090%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.83	+0.055%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.75	−0.012%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0046%	1h	118.86	+0.082%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.76	−0.003%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.72	−0.031%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.69	−0.061%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.87	+0.089%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	−0.017%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0053%	1h	118.78	+0.016%	$26.6M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0059%	8h	118.74	−0.019%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.88	+0.101%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0072%	8h	118.65	−0.097%	$231.2M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.82	+0.051%	$858.3M	$677.2M	100x	as long as short
KuCoin SOLUSDTM	+0.0094%	8h	118.85	+0.077%	$143.7M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.83	+0.058%	$13.4M	$53.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	+0.048%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.70	−0.050%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	118.81	+0.044%	$1.0M	$525K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.83	+0.059%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.84	+0.066%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.92	+0.135%	$717.0M	$424.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	+0.067%	$179.2M	$173.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.86	+0.083%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.83	+0.063%	$971.4M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.84	+0.069%	$819.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.81	+0.042%	$370.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.093%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.107%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.102%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.82	+0.051%	$465.9M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.80	+0.035%	$495.8M	$448.8M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.80	+0.030%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.75	−0.008%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.85	+0.072%	$27.6M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.77	+0.009%	$95.4M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.086%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.76	0.000%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	+0.051%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.73	−0.027%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.71	−0.045%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	−0.021%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.70	−0.051%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.73	−0.025%	$46.3M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	+0.055%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.77	+0.010%	$123K	$606K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	118.76	long leg	$8.0M	$413.5M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.69	−0.055%	—	$217.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.135%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.75	−0.008%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.89	+0.109%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.78	+0.015%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.67	−0.076%	$51.7M	$87.0M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.74	−0.019%	$36.0M	$89.8M	100x	as long as short