Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.004%

Price spread now: Extended against Paradex+0.020%7-day average −0.030% · 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−$9as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Paradex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days−0.237%−$24 · spread now +0.020%, 7d avg −0.030%

Together, before fees−0.221%+ Points / potential airdropParadex: Active · Extended: Active · farm board−$22 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: Extended is 0.050% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.47	0.0096	pay 0.0096% / 8h	1h 42m	$1.0M	$551K	50x
Short	Extended SOL-USD	116.50	0.0104	get 0.0013% / 1h	42m 49s	$8.0M	$39.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.020%Rate

Funding earned: $1.67
Price spread: +0.020% → −0.030%: $5.01
Slippage, 4 orders: −$4.81
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.13
Costs to cover: 0.138%
Break-even: 36.9 days

Slippage from Paradex: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago	1.97 bp	4.0 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.43 bp	2.9 bp −$3	2.9 bp −$29	5.9 bp −$591	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
Hibachi SOL/USDT-P	−0.0120%	1h	116.63	+0.136%	$97K	$687K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.44	−0.024%	$741.0M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	+0.076%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.59	+0.101%	$33.1M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.51	+0.031%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.54	+0.060%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	+0.124%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.096%	$1.5M	$19.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.63	+0.135%	$109K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0012%	1h	116.48	+0.007%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	116.59	+0.101%	$100K	$176K	20x	as long as short
Lighter RH SOL	+0.0048%	1h	116.47	−0.002%	$2.2M	$16.8M	25x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.58	+0.093%	$8.1M	$405.2M	50x	as long as short
Bitget SOLUSDT	+0.0049%	8h	116.42	−0.041%	$479.5M	$462.4M	100x	as long as short
SoDEX SOL-USD	+0.0061%	1h	116.54	+0.058%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0089%	8h	116.47	−0.001%	$175.6M	$176.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.57	+0.084%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.45	−0.022%	$13.1M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	+0.111%	$351K	$252K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0096%	8h	116.47	long leg	$1.0M	$551K	50x
Katana Perps SOL-USD	+0.0099%	8h	116.55	+0.067%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	+0.065%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.56	+0.075%	$697.5M	$410.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	+0.040%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	+0.015%	$967.6M	$3.91B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.49	+0.015%	$370.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.63	+0.136%	$217K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.62	+0.124%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.067%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.52	+0.041%	$844.0M	$666.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	+0.007%	$361.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.48	+0.005%	$129.1M	$232.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.49	+0.012%	—	$373.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.53	+0.050%	$23.0M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.33	−0.118%	$24.8M	$112.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.37	−0.090%	$93.4M	$411.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	−0.028%	$47.7M	$31.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	−0.028%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.65	+0.153%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	+0.067%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.60	+0.112%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	+0.106%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.59	+0.097%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	+0.026%	$225.6M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.53	+0.050%	$45.3M	$105.7M	50x	as long as short
Extended SOL-USDshort	+0.0104%	1h	116.50	+0.020%	$8.0M	$39.3M	50x
Deribit SOL_USDC-PERPETUAL	+0.0116%	1h	116.62	+0.126%	$26.4M	$21.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.57	+0.081%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.024%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.66	+0.161%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.53	+0.050%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.51	+0.033%	$52.4M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.62	+0.123%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.68	+0.175%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0494%	1h	116.65	+0.151%	$25K	$56K	20x	as long as short