Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.025%

Price spread now: ApeX Omni against Paradex−0.152%7-day average +0.014% · 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−$36as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.621%+$62 · spread now −0.152%, 7d avg +0.014%

Together, before fees+0.458%+ Points / potential airdropParadex: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.167% cheaper against Paradex than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	118.07	0.0100	pay 0.0100% / 8h	6h 27m	$1.0M	$519K	50x
Short	ApeX Omni SOLUSDT	117.89	−0.0003	pay 0.0000% / 1h	27m 05s	$1.5M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.152%Rate

Funding earned: −$21.62
Price spread: −0.152% → +0.014%: −$16.68
Slippage, 4 orders: −$5.53
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.83
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Paradex: live order book, 2 min ago; ApeX Omni: 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 Paradex live order book, 2 min ago	1.95 bp	4.0 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	0.42 bp	5.7 bp −$6	9.0 bp −$90	65.2 bp −$6,517	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	−0.012%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	117.96	−0.098%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.89	−0.155%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	117.98	−0.083%	$92K	$682K	20x	as long as short
ApeX Omni SOLUSDTshort	−0.0003%	1h	117.89	−0.152%	$1.5M	$6.0M	50x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.99	−0.073%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.03	−0.038%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.06	−0.010%	$1.4M	$21.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.06	−0.015%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.02	−0.048%	$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	−0.113%	$229.2M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0038%	8h	117.96	−0.097%	$855.2M	$661.1M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.94	−0.116%	$31.6M	$98.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0070%	1h	118.02	−0.051%	$26.5M	$25.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.97	−0.085%	$8.0M	$410.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.97	−0.093%	—	$369.2M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.00	−0.065%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.96	−0.096%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.94	−0.110%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.06	−0.013%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.97	−0.087%	$346K	$256K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	118.07	long leg	$1.0M	$519K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.00	−0.063%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.05	−0.025%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.00	−0.063%	$177.2M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.07	−0.001%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.96	−0.097%	$972.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	−0.062%	$822.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.94	−0.114%	$366.4M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.94	−0.114%	$238K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.03	−0.035%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.442%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.93	−0.123%	$424.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.98	−0.076%	$131.6M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.95	−0.109%	$488.4M	$440.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.96	−0.097%	$23.8M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.303%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.87	−0.170%	$94.7M	$403.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.78	−0.246%	$48.2M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.87	−0.174%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.02	−0.047%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.02	−0.049%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.97	−0.085%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.01	−0.058%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.097%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.97	−0.089%	$46.0M	$101.6M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	−0.080%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.94	−0.115%	$8.2M	$36.0M	50x	as long as short
Hyperliquid SOL	+0.0108%	1h	118.07	−0.004%	$721.5M	$402.6M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.05	−0.021%	—	$226.9M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	118.01	−0.053%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	−0.174%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	118.00	−0.066%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0321%	1h	117.86	−0.182%	$25K	$51K	20x	as long as short