Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.003%

Price spread now: Ondo Perps against Paradex−0.073%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.073%, 7d avg −0.032%

Together, before fees+0.071%+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm board+$7 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: Ondo Perps is 0.041% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	119.67	0.0099	pay 0.0099% / 8h	54m 55s	$1.1M	$522K	50x
Short	Ondo Perps SOL-USD.P	119.58	0.0100	get 0.0013% / 1h	54m 55s	$234K	$874K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0.11
Price spread: −0.073% → −0.032%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13
Costs to cover: 0.090%
Break-even: 854.2 days

Slippage unknown: Paradex: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 4 min ago	1.72 bp	3.7 bp −$4	9.3 bp −$93	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff SOL-PERP	−0.0080%	1h	119.68	+0.009%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.66	−0.007%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.68	+0.007%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.76	+0.076%	$116K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.70	+0.030%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.67	+0.004%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.73	+0.053%	$177K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.157%	$1.5M	$6.2M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	−0.073%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.78	+0.094%	$105K	$157K	20x	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	+0.0071%	8h	119.76	+0.080%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.76	+0.079%	—	$10.5M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	119.80	+0.114%	$26.8M	$26.1M	50x	as long as short
HTX SOL-USDT	+0.0085%	8h	119.70	+0.027%	$233.0M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.79	+0.102%	$873.9M	$672.7M	100x	as long as short
Aftermath Perps SOLUSD	+0.0094%	1h	119.44	−0.187%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.73	+0.056%	$13.7M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.72	+0.048%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.55	−0.102%	$118K	$608K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.74	+0.061%	$355K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.76	+0.077%	$8.3M	$419.0M	50x	as long as short
Paradex SOL-USD-PERPlong	+0.0099%	8h	119.67	long leg	$1.1M	$522K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.72	+0.044%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.65	−0.014%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.83	+0.136%	$723.5M	$411.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.77	+0.085%	$179.3M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.67	+0.005%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.79	+0.099%	$987.1M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.78	+0.097%	$833.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.75	+0.069%	$373.5M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	119.58	−0.073%	$234K	$874K	10x
Arcus SOL-USD	+0.0100%	1h	119.73	+0.055%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.266%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.82	+0.127%	$457.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.81	+0.121%	$140.4M	$203.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.80	+0.111%	$498.8M	$456.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.74	+0.060%	$24.3M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.52	−0.124%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.46	−0.178%	$95.9M	$400.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.51	−0.133%	$49.0M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.57	−0.082%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.76	+0.077%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.76	+0.074%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.74	+0.057%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.75	+0.072%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	+0.060%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.72	+0.044%	$46.8M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.79	+0.101%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0104%	1h	119.74	+0.063%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	+0.081%	—	$224.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.541%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.74	+0.061%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.74	+0.060%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.75	+0.066%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0170%	1h	119.76	+0.077%	$3.6M	—	200x	as long as short