Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Paradex against Arcus−0.020%7-day average −0.032% · 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−$12as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Arcus Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.020%, 7d avg −0.032%

Together, before fees−0.036%+ Points / potential airdropParadex: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	118.93	0.0100	pay 0.0013% / 1h	30m 25s	$2.0M	$9.0M	20x
Short	Paradex SOL-USD-PERP	118.91	0.0100	get 0.0100% / 8h	7h 30m	$1.0M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Arcus. 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 ArcusbpFee ParadexbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.05
Price spread: −0.020% → −0.032%: $1.23
Slippage, 4 orders: −$4.46
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.79
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Paradex: live order book, 4 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 Arcus live order book, 4 min ago	0.04 bp	2.9 bp −$3	4.2 bp −$42	8.2 bp −$819	doesn't fit
Sell Paradex live order book, 4 min ago	1.85 bp	3.8 bp −$4	9.5 bp −$95	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
Bluefin SOL-PERP	−0.0102%	1h	118.91	−0.013%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.91	−0.017%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.85	−0.066%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.82	−0.089%	$2.0M	$2.7M	13x	as long as short
HTX SOL-USDT	−0.0035%	8h	118.92	−0.004%	$231.4M	$44.1M	75x	as long as short
dYdX SOL-USD	−0.0017%	1h	118.98	+0.043%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.92	−0.008%	$32.4M	$96.5M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.90	−0.028%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.05	+0.104%	$1.2M	$20.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.92	−0.009%	$158K	$3.9M	8.3x	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	+0.0032%	1h	118.89	−0.033%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	119.00	+0.055%	$101K	$657K	20x	as long as short
Phemex SOLUSDT	+0.0050%	8h	119.00	+0.060%	$46.6M	$100.4M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.89	−0.037%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	118.92	−0.012%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.00	+0.062%	$8.1M	$410.7M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	118.96	+0.023%	$26.7M	$24.8M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.89	−0.031%	$14.2M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.93	−0.002%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.89	−0.033%	$348K	$250K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	118.91	−0.020%	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.92	−0.008%	$47K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.90	−0.020%	$5.9M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.99	+0.051%	$721.2M	$399.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.90	−0.027%	$179.2M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.94	+0.009%	$12.2M	$123.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.88	−0.041%	$978.8M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.91	−0.013%	$823.5M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.90	−0.024%	$371.1M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	+0.018%	$233K	$842K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	118.93	long leg	$2.0M	$9.0M	20x
Bulk SOL-USD	+0.0100%	1h	118.80	−0.108%	$134.2M	$6.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.88	−0.041%	$858.3M	$665.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.87	−0.050%	$429.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.91	−0.015%	$138.1M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.88	−0.041%	$493.4M	$441.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.00	+0.060%	$24.2M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.98	+0.040%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.94	+0.010%	$95.5M	$404.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.92	−0.008%	$48.7M	$29.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.98	+0.047%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.86	−0.058%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.87	−0.050%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.88	−0.041%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.89	−0.033%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.89	−0.033%	$6.3M	$10.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.87	−0.054%	$8.6M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.01	+0.068%	$6.5M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.89	−0.033%	—	$219.5M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.91	−0.020%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	118.89	−0.030%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0172%	1h	118.93	+0.002%	$25K	$50K	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.226%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.86	−0.059%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.96	+0.026%	$51.9M	$77.5M	125x	as long as short