Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.038%

Price spread now: RISEx against Paradex+0.048%7-day average +0.021% · 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−$60as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 7 days−0.137%−$14 · spread now +0.048%, 7d avg +0.021%

Together, before fees−0.049%+ Points / potential airdropParadex: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.027% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.21	0.0100	pay 0.0100% / 8h	5h 37m	$1.0M	$516K	50x
Short	RISEx SOL/USDC	117.26	0.0136	get 0.0017% / 1h	37m 09s	$1.9M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.048%Rate

Funding earned: $7.52
Price spread: +0.048% → +0.021%: $2.67
Slippage, 4 orders: −$53.13
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$52.94
Costs to cover: 0.631%
Break-even: 56.3 days

Slippage from Paradex: live order book, 2 min ago; RISEx: 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	24.99 bp	27.0 bp −$27	81.8 bp −$818	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.04 bp	3.9 bp −$4	8.1 bp −$81	doesn't fit	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
Hotstuff SOL-PERP	−0.0080%	1h	117.16	−0.039%	$916	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.19	−0.018%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.36	+0.133%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.25	+0.032%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.32	+0.096%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.13	−0.069%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.32	+0.094%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.27	+0.054%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.16	−0.039%	$102K	$692K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.38	+0.147%	$8.0M	$403.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0069%	8h	117.30	+0.082%	$227.7M	$45.5M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	117.37	+0.139%	$26.4M	$25.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.40	+0.161%	—	$363.0M	—	as long as short
Bluefin SOL-PERP	+0.0084%	1h	117.31	+0.086%	$25K	$28K	25x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.33	+0.108%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.35	+0.120%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.34	+0.114%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.33	+0.103%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.14	−0.057%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.21	long leg	$1.0M	$516K	50x
Nado SOL-PERP	+0.0100%	1h	117.28	+0.058%	$5.8M	$39.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.28	+0.065%	$176.6M	$179.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.17	−0.034%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.39	+0.156%	$966.2M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.39	+0.156%	$823.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.38	+0.147%	$365.6M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.13	−0.066%	$238K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.20	−0.007%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.207%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.36	+0.130%	$857.3M	$648.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.40	+0.164%	$424.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.32	+0.094%	$129.7M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.37	+0.140%	$486.5M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.38	+0.147%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.24	+0.030%	$24.3M	$117.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.31	+0.092%	$94.2M	$398.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.16	−0.036%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.23	+0.019%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.17	−0.032%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.27	+0.054%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.33	+0.105%	$199K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.18	−0.023%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.34	+0.113%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.39	+0.156%	$45.7M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.30	+0.082%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.10	−0.088%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.147%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDCshort	+0.0136%	1h	117.26	+0.048%	$1.9M	$4.9M	20x
Hyperliquid SOL	+0.0165%	1h	117.48	+0.233%	$717.6M	$392.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.24	+0.030%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.147%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.36	+0.130%	$51.7M	$71.0M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.23	+0.022%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.31	+0.090%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0387%	1h	117.36	+0.128%	$25K	$51K	20x	as long as short