Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.002%

Price spread now: Paradex against Bullet+0.041%7-day average −0.046% · 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−$11as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Bullet Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.041%, 7d avg −0.046%

Together, before fees+0.054%+ 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 Paradex is 0.087% dearer against Bullet than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	116.64	0.0073	pay 0.0009% / 1h	20m 45s	$147K	$1.6M	20x
Short	Paradex SOL-USD-PERP	116.69	0.0100	get 0.0100% / 8h	3h 20m	$1.0M	$551K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bullet. 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 BulletbpFee ParadexbpOrdersPrice spread, now +0.041%Rate

Funding earned: $5.63
Price spread: +0.041% → −0.046%: $8.71
Slippage, 4 orders: −$7.56
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.22
Costs to cover: 0.196%
Break-even: 13.5 days

Slippage from Bullet: live order book, 3 min ago; Paradex: live order book, 3 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 Bullet live order book, 3 min ago	0.26 bp	6.4 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell Paradex live order book, 3 min ago	1.80 bp	3.8 bp −$4	9.4 bp −$94	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
Hibachi SOL/USDT-P	−0.0200%	1h	116.47	−0.143%	$104K	$704K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.66	+0.021%	$31.2M	$101.8M	100x	as long as short
Vest SOL-PERP	−0.0100%	1h	116.56	−0.068%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	+0.014%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.61	−0.028%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0028%	8h	116.50	−0.122%	$754.6M	$1.39B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	+0.036%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.61	−0.023%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.63	−0.008%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.016%	$7.6M	$405.5M	50x	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	+0.0064%	1h	116.68	+0.036%	$99K	$175K	20x	as long as short
Bullet SOL-USDlong	+0.0073%	1h	116.64	long leg	$147K	$1.6M	20x
Orderly PERP_SOL_USDC	+0.0094%	8h	116.67	+0.032%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.67	+0.027%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.61	−0.021%	$2.2M	$16.8M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	116.61	−0.021%	$481.3M	$446.1M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.66	+0.018%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.62	−0.015%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	116.69	+0.041%	$1.0M	$551K	50x
Nado SOL-PERP	+0.0100%	1h	116.61	−0.022%	$5.5M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.72	+0.070%	$703.3M	$395.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.58	−0.048%	$174.6M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.72	+0.067%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.58	−0.046%	$972.5M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.60	−0.033%	$368.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	−0.024%	$228K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.69	+0.045%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.159%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.58	−0.050%	$854.7M	$665.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.60	−0.033%	$365.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.60	−0.031%	$129.2M	$223.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.56	−0.063%	—	$365.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.63	−0.007%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.56	−0.063%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.154%	$93.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.161%	$47.6M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.49	−0.123%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.110%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	+0.002%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.69	+0.041%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.65	+0.012%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.65	+0.010%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.57	−0.055%	$226.0M	$48.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.66	+0.019%	$45.5M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.55	−0.074%	$8.2M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.053%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.61	−0.021%	—	$231.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.58	−0.050%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0176%	1h	116.73	+0.075%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.62	−0.018%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	+0.019%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.67	+0.026%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.66	+0.016%	$139K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.74	+0.084%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0566%	1h	116.67	+0.024%	$25K	$51K	20x	as long as short