Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h −0.008%

Price spread now: Paradex against Jupiter Perps−0.028%7-day average +0.006% · you buy dearer than you sell

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

Long on Jupiter Perps Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.028%, 7d avg +0.006%

Together, before fees+0.193%+ Points / potential airdropParadex: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.033% cheaper against Jupiter Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	118.92	L +0.0112% / S +0.0048%	pay 0.0014% / 1h	46m 42s	—	$218.6M	500x
Short	Paradex SOL-USD-PERP	118.89	0.0099	get 0.0099% / 8h	2h 46m	$1.0M	$524K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Jupiter 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 Jupiter PerpsbpFee ParadexbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$2.81
Price spread: −0.028% → +0.006%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.12
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Jupiter 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 Jupiter Perps no order-book sample	—	—	—	—	—
Sell Paradex live order book, 2 min ago	1.68 bp	3.7 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit

Jupiter 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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.025%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.76	−0.134%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.124%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0081%	1h	118.83	−0.079%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.92	+0.001%	$843	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0056%	1h	118.93	+0.005%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0006%	1h	118.86	−0.050%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.86	−0.055%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.96	+0.035%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.93	+0.012%	$180K	$4.1M	8.3x	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	0.0000%	1h	118.88	−0.034%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0058%	8h	118.86	−0.054%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.90	−0.017%	$105K	$152K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.78	−0.121%	$231.5M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.88	−0.034%	$858.3M	$676.3M	100x	as long as short
KuCoin SOLUSDTM	+0.0092%	8h	118.90	−0.020%	$144.1M	$197.3M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.83	−0.074%	$13.4M	$53.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.84	−0.066%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	−0.070%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	118.89	−0.028%	$1.0M	$524K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.95	+0.025%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.90	−0.016%	$5.5M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.93	+0.008%	$717.2M	$424.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.88	−0.030%	$179.3M	$173.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.96	+0.034%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.82	−0.080%	$971.4M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.89	−0.025%	$822.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.85	−0.059%	$370.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	0.000%	$233K	$865K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.95	+0.028%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	−0.032%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.90	−0.017%	$466.2M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.84	−0.067%	$496.0M	$448.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.86	−0.054%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.84	−0.067%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.054%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.79	−0.107%	$95.4M	$396.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.77	−0.128%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.96	+0.034%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	−0.050%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.82	−0.083%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.85	−0.061%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.90	−0.021%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.80	−0.101%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.78	−0.118%	$46.3M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.88	−0.037%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.81	−0.096%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0112% / S +0.0048%	1h	118.92	long leg	—	$218.6M	500x
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.86	−0.049%	$8.1M	$413.7M	50x	as long as short
Phoenix SOL	+0.0154%	1h	118.99	+0.059%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.84	−0.066%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.95	+0.029%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.86	−0.051%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.092%	$51.7M	$87.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.81	−0.094%	$36.1M	$90.1M	100x	as long as short