Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: Perpl against Paradex+0.011%7-day average +0.005% · you sell dearer than you buy

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

Long on Paradex Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.205%−$20 on $10k

Price spread, last 4 days (all we have)+0.307%+$31 · spread now +0.011%, 7d avg +0.005%

Together, before fees+0.103%+ Points / potential airdropParadex: Active · Perpl: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	118.76	0.0100	pay 0.0100% / 8h	7h 40m	$1.0M	$520K	50x
Short	Perpl SOL	118.77	0	get 0.0000% / 43m	19m 56s	$154K	$3.9M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$20.93
Price spread: +0.011% → +0.005%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$38.14
Costs to cover: 0.178%
Break-even: never at this rate

Slippage unknown: Paradex: live order book, 3 min ago; Perpl: 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, 3 min ago	3.32 bp	5.3 bp −$5	10.9 bp −$109	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	118.78	+0.017%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.76	0.000%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.78	+0.017%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	−0.0014%	8h	118.75	−0.007%	$231.0M	$44.2M	75x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.88	+0.106%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.81	+0.045%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	+0.078%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.83	+0.060%	$1.2M	$20.4M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	118.77	+0.011%	$154K	$3.9M	8.3x
01 Exchange SOLUSD	+0.0048%	1h	118.79	+0.029%	$104K	$159K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOLUSDT	+0.0068%	8h	118.80	+0.038%	$46.5M	$100.7M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.85	+0.082%	$121K	$632K	20x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.114%	$1.5M	$6.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0080%	8h	118.87	+0.093%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.80	+0.041%	—	$10.5M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.88	+0.102%	$8.1M	$413.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.82	+0.054%	$14.1M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	+0.054%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	+0.096%	$348K	$276K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	118.76	long leg	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.77	+0.012%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	+0.005%	$5.9M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.83	+0.063%	$178.6M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.81	+0.046%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.85	+0.079%	$978.9M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.86	+0.089%	$822.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.88	+0.105%	$371.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	+0.021%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.81	+0.049%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.172%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.83	+0.063%	$858.6M	$662.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.84	+0.071%	$427.3M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.85	+0.079%	$137.9M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.82	+0.056%	$493.1M	$443.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.83	+0.063%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	+0.026%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	−0.020%	$95.4M	$403.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.86	+0.084%	$48.7M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.83	+0.063%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.80	+0.038%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.061%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	+0.065%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.83	+0.061%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.85	+0.080%	$6.2M	$10.8M	20x	as long as short
Hyperliquid SOL	+0.0102%	1h	118.92	+0.139%	$720.4M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	+0.059%	$8.7M	$35.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	118.91	+0.132%	$26.6M	$24.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.87	+0.097%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.80	+0.039%	—	$221.8M	500x	as long as short
Aftermath Perps SOLUSD	+0.0156%	1h	118.74	−0.010%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.79	+0.031%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0080%	1h	118.84	+0.073%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.080%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.79	+0.032%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	+0.046%	$52.0M	$78.5M	125x	as long as short