Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Paradex against Nado+0.179%7-day average −0.044% · 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+$6as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.105%−$10 · spread now +0.179%, 7d avg −0.044%

Together, before fees−0.108%+ Points / potential airdropNado: Active · Paradex: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.222% dearer against Nado than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	116.69	0.0100	pay 0.0012% / 1h	58m 58s	$5.4M	$40.0M	40x
Short	Paradex SOL-USD-PERP	116.90	0.0100	get 0.0100% / 8h	3h 58m	$1.0M	$550K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Nado. 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 NadobpFee ParadexbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$0.04
Price spread: +0.179% → −0.044%: $22.24
Slippage, 4 orders: −$4.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.31
Costs to cover: 0.159%
Break-even: from the start

Slippage from Nado: 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 Nado live order book, 5 min ago	0.43 bp	3.9 bp −$4	4.0 bp −$40	8.4 bp −$844	26.1 bp −$13.1K
Sell Paradex live order book, just now	2.01 bp	4.0 bp −$4	9.6 bp −$96	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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.67	−0.022%	$31.0M	$100.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0176%	1h	116.98	+0.247%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0099%	1h	116.70	+0.008%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.204%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	−0.011%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.84	+0.127%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.84	+0.126%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.61	−0.070%	$1.9M	$2.8M	13x	as long as short
Polymarket Perps SOL-USD	+0.0037%	1h	116.69	−0.001%	$321K	$2.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.68	−0.012%	$7.5M	$404.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0093%	8h	116.70	+0.004%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.68	−0.011%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.67	−0.022%	$2.2M	$16.6M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.77	+0.067%	$99K	$173K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.68	−0.013%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.77	+0.067%	$47K	$877K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	116.90	+0.179%	$1.0M	$550K	50x
Nado SOL-PERPlong	+0.0100%	1h	116.69	long leg	$5.4M	$40.0M	40x
Hyperliquid SOL	+0.0100%	1h	116.70	+0.004%	$704.7M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.66	−0.030%	$174.6M	$182.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.82	+0.114%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.66	−0.027%	$971.9M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.58	−0.095%	$778.4M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.62	−0.061%	$368.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	−0.027%	$231K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	+0.132%	$926K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.005%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.63	−0.052%	$842.8M	$653.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.65	−0.035%	$369.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.63	−0.052%	$128.6M	$221.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.58	−0.099%	$478.8M	$441.8M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.64	−0.042%	—	$365.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.60	−0.078%	$23.1M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	+0.191%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.91	+0.189%	$93.9M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	+0.127%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.153%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.92	+0.196%	$1.3M	$12.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	−0.017%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	−0.012%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	−0.012%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.67	−0.018%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	−0.049%	$226.3M	$47.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.68	−0.010%	$45.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.56	−0.111%	$8.3M	$37.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	+0.025%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.89	+0.170%	—	$231.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0122%	1h	116.74	+0.038%	$26.3M	$23.5M	50x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	+0.256%	$6.5M	$13.3M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.64	−0.043%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.68	−0.010%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.68	−0.007%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.71	+0.015%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0510%	1h	116.83	+0.116%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.89	+0.174%	$1.9M	$4.8M	20x	as long as short