Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.003%

Price spread now: Paradex against StandX−0.126%7-day average −0.048% · 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−$32as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on StandX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.650%−$65 · spread now −0.126%, 7d avg −0.048%

Together, before fees−0.660%+ Points / potential airdropStandX: Active · Paradex: Active · farm board−$66 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: Paradex is 0.078% cheaper against StandX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SOL-USD	119.06	0.0100	pay 0.0013% / 1h	33m 18s	$1.4M	$13.4M	30x
Short	Paradex SOL-USD-PERP	118.91	0.0099	get 0.0099% / 8h	2h 33m	$1.0M	$524K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against StandX. 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 StandXbpFee ParadexbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$0.22
Price spread: −0.126% → −0.048%: −$7.75
Slippage, 4 orders: −$12.7
Fee StandX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.67
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Paradex: live order book, 1 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 StandX live order book, 1 min ago	3.78 bp	8.6 bp −$9	8.8 bp −$88	20.7 bp −$2,072	doesn't fit
Sell Paradex live order book, 1 min ago	1.76 bp	3.8 bp −$4	8.8 bp −$88	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.143%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.87	−0.158%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.98	−0.070%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.94	−0.101%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0012%	1h	118.98	−0.069%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.98	−0.071%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.17	+0.092%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.96	−0.083%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.05	−0.012%	$26.7M	$27.7M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	118.99	−0.062%	$4.9M	$26.9M	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	+0.0060%	8h	118.97	−0.075%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0066%	8h	119.04	−0.014%	$231.9M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.96	−0.084%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	119.13	+0.057%	$123K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.050%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.96	−0.087%	—	$370.5M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	118.94	−0.101%	$868.1M	$681.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.97	−0.080%	$13.4M	$53.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.061%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.99	−0.062%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	118.91	−0.126%	$1.0M	$524K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.96	−0.084%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.94	−0.101%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.05	−0.008%	$718.3M	$414.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.99	−0.060%	$179.6M	$174.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.98	−0.067%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.95	−0.092%	$971.6M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.98	−0.070%	$825.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.91	−0.126%	$370.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.092%	$234K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.01	−0.042%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.94	−0.101%	$471.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.95	−0.088%	$142.9M	$196.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.98	−0.063%	$496.6M	$448.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.10	+0.034%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.050%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.99	−0.056%	$95.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	+0.051%	$48.8M	$33.4M	20x	as long as short
StandX SOL-USDlong	+0.0100%	1h	119.06	long leg	$1.4M	$13.4M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	118.95	−0.092%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.94	−0.099%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	−0.071%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.94	−0.101%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.98	−0.067%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.09	+0.025%	$46.5M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.294%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.92	−0.122%	$8.6M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	+0.074%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.96	−0.083%	—	$216.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	−0.025%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.98	−0.067%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.94	−0.098%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.03	−0.025%	$51.8M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	119.02	−0.030%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.97	−0.074%	$3.6M	—	200x	as long as short