Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0114%/8h= +12.4% APRpaid last 24h −0.003%

Price spread now: Paradex against Kraken Futures−0.036%7-day average +0.006% · 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−$27as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.036%, 7d avg +0.006%

Together, before fees+0.117%+ Points / potential airdropParadex: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paradex is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	118.89	−0.0014	get 0.0002% / 1h	59m 07s	$32.6M	$97.1M	100x
Short	Paradex SOL-USD-PERP	118.85	0.0100	get 0.0100% / 8h	7h 59m	$1.0M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.036%Rate

Funding earned: $23.87
Price spread: −0.036% → +0.006%: −$4.2
Slippage, 4 orders: −$8.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.88
Costs to cover: 0.225%
Break-even: 7.8 days

Slippage from Kraken Futures: live order book, 5 min ago; Paradex: live order book, just now.

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 Kraken Futures live order book, 5 min ago	1.68 bp	7.5 bp −$7	10.7 bp −$107	17.5 bp −$1,752	30.7 bp −$15.3K
Sell Paradex live order book, just now	1.93 bp	3.9 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit

SOL on 54 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
Bluefin SOL-PERP	−0.2307%	1h	118.88	−0.006%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.92	+0.023%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.82	−0.056%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.79	−0.086%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0023%	1h	118.93	+0.037%	$4.9M	$28.0M	20x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0014%	1h	118.89	long leg	$32.6M	$97.1M	100x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.86	−0.025%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.88	−0.008%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.89	+0.002%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0029%	1h	118.78	−0.091%	$1.5M	$6.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0042%	1h	118.92	+0.026%	$26.6M	$25.7M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.92	+0.026%	$103K	$158K	20x	as long as short
Gate SOL_USDT	+0.0066%	8h	118.84	−0.041%	$861.3M	$657.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.88	−0.008%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.82	−0.055%	—	$370.3M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	118.97	+0.071%	$121K	$642K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.91	+0.018%	$8.2M	$416.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.87	−0.017%	$13.4M	$54.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.86	−0.022%	$2.1M	$16.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.89	0.000%	$352K	$568K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	118.85	−0.036%	$1.0M	$520K	50x
Nado SOL-PERP	+0.0100%	1h	118.86	−0.023%	$5.9M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.94	+0.043%	$720.0M	$408.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	−0.045%	$178.5M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.89	+0.001%	$12.2M	$122.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.85	−0.034%	$980.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.84	−0.040%	$822.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.81	−0.067%	$371.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.058%	$231K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.90	+0.007%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.203%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.83	−0.050%	$429.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.89	−0.003%	$138.1M	$207.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.81	−0.062%	$492.8M	$458.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	−0.033%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.084%	$27.0M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.78	−0.090%	$95.4M	$403.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.90	+0.009%	$48.7M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.92	+0.026%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	−0.024%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.85	−0.032%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	−0.036%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.87	−0.016%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.82	−0.060%	$231.3M	$45.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.86	−0.024%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	−0.033%	$6.6M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	−0.048%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.78	−0.088%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.88	−0.005%	—	$225.7M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.87	−0.014%	$1.8M	$4.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0084%	1h	118.85	−0.035%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.193%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.84	−0.041%	$1.1M	$535K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.87	−0.016%	$51.9M	$80.3M	125x	as long as short