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 +0.005%

Price spread now: Paradex against OKX+0.080%50s7-day average +0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.190% of the position

Long on OKX 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)−0.069%−$7 · spread now +0.080%, 7d avg +0.017%

Together, before fees−0.064%+ Points / potential airdropParadex: Active · farm board−$6 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 0.063% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOL-USDT-SWAP	117.98	0.0100	pay 0.0100% / 8h	6h 26m	$366.4M	$1.68B	100x
Short	Paradex SOL-USD-PERP	118.07	0.0100	get 0.0100% / 8h	6h 26m	$1.0M	$519K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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 OKXbpFee ParadexbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$0.09
Price spread: +0.080% → +0.017%: $6.3
Slippage, 4 orders: −$5.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.83
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Paradex: live order book, 2 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 OKX live order book, 2 min ago	0.42 bp	5.7 bp −$6	6.6 bp −$66	10.9 bp −$1,088	21.2 bp −$10.6K
Sell Paradex live order book, 2 min ago	1.95 bp	4.0 bp −$4	10.3 bp −$103	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
Hotstuff SOL-PERP	−0.0080%	1h	118.06	+0.069%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	117.96	−0.018%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.89	−0.075%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	117.98	−0.003%	$92K	$682K	20x	as long as short
ApeX Omni SOLUSDT	−0.0003%	1h	117.89	−0.072%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.99	+0.008%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.03	+0.042%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.06	+0.070%	$1.4M	$21.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.06	+0.065%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.02	+0.032%	$2.0M	$4.7M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0038%	8h	117.94	−0.032%	$229.2M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0038%	8h	117.95	−0.025%	$855.1M	$661.3M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.94	−0.036%	$31.6M	$98.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0070%	1h	118.02	+0.030%	$26.5M	$25.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.97	−0.005%	$8.0M	$410.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.92	−0.047%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.00	+0.015%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.96	−0.016%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.94	−0.030%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.06	+0.068%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.97	−0.006%	$346K	$256K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	118.07	+0.080%	$1.0M	$519K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.00	+0.017%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.05	+0.055%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.98	+0.004%	$177.2M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.07	+0.079%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.95	−0.025%	$972.1M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	+0.021%	$822.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAPlong	+0.0100%	8h	117.98	long leg	$366.4M	$1.68B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	117.94	−0.034%	$238K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.03	+0.046%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.362%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.93	−0.042%	$424.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.96	−0.015%	$131.6M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.91	−0.063%	$488.3M	$440.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.96	−0.017%	$23.8M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.223%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.87	−0.090%	$94.7M	$403.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.78	−0.166%	$48.2M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.87	−0.093%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.02	+0.034%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.02	+0.031%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.97	−0.004%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.01	+0.022%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.97	−0.008%	$46.0M	$101.6M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	0.000%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.89	−0.077%	$8.2M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0108%	1h	118.07	+0.076%	$721.5M	$402.6M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.05	+0.059%	—	$226.9M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	118.01	+0.027%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	−0.093%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	118.00	+0.014%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0321%	1h	117.86	−0.102%	$25K	$51K	20x	as long as short