Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.002%

Price spread now: Paradex against Coinbase International+0.064%7-day average −0.009% · 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−$180.184% of the position

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.064%, 7d avg −0.009%

Together, before fees+0.010%+ Points / potential airdropParadex: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.072% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	115.56	0.0048	pay 0.0006% / 1h	27m 10s	$7.7M	$402.1M	50x
Short	Paradex SOL-USD-PERP	115.63	0.0099	get 0.0099% / 8h	2h 27m	$1.0M	$550K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.064%Rate

Funding earned: $10.8
Price spread: +0.064% → −0.009%: $7.25
Slippage, 4 orders: −$4.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.31
Costs to cover: 0.184%
Break-even: 7.2 days

Slippage from Coinbase International: live order book, 2 min ago; Paradex: 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 Coinbase International live order book, 2 min ago	0.04 bp	5.3 bp −$5	8.1 bp −$81	15.5 bp −$1,554	doesn't fit
Sell Paradex live order book, 2 min ago	1.77 bp	3.8 bp −$4	9.3 bp −$93	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
Kraken Futures PF_SOLUSD	−0.0242%	1h	115.56	+0.007%	$31.6M	$103.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0176%	1h	115.63	+0.062%	$103K	$693K	20x	as long as short
BingX SOL-USDC	−0.0116%	8h	115.50	−0.046%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0115%	8h	115.52	−0.031%	$738.1M	$1.42B	100x	as long as short
Vest SOL-PERP	−0.0085%	1h	115.58	+0.022%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.02	+0.398%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.47	−0.072%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.57	+0.010%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.57	+0.012%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.61	+0.043%	$112K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0012%	1h	115.60	+0.039%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.59	+0.029%	$98K	$177K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0021%	1h	115.60	+0.042%	$26.2M	$21.9M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	115.56	long leg	$7.7M	$402.1M	50x
Bitget SOLUSDT	+0.0067%	8h	115.52	−0.031%	$477.9M	$456.0M	100x	as long as short
Bullet SOL-USD	+0.0093%	1h	115.55	−0.003%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.57	+0.011%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.54	−0.016%	$12.9M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.53	−0.020%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.56	+0.003%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.55	−0.009%	$173.8M	$185.1M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.56	+0.003%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	115.63	+0.064%	$1.0M	$550K	50x
Nado SOL-PERP	+0.0100%	1h	115.58	+0.022%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.67	+0.099%	$684.5M	$400.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.63	+0.062%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.55	−0.004%	$960.8M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.54	−0.014%	$360.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.57	+0.012%	$215K	$869K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.59	+0.029%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.247%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.53	−0.022%	$837.5M	$668.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.55	−0.005%	$354.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.56	+0.008%	$124.3M	$229.5M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.65	+0.081%	$22.8M	$39.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.67	+0.096%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.81	+0.217%	$93.0M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.69	+0.116%	$47.4M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.86	+0.267%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.65	+0.081%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.55	−0.005%	$318K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.55	−0.002%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.56	0.000%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.55	−0.005%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.51	−0.036%	$223.8M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.57	+0.012%	$45.0M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.49	−0.055%	$7.9M	$38.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.56	+0.008%	—	$240.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	+0.090%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.87	+0.272%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.52	−0.028%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.56	+0.003%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.56	+0.002%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.63	+0.060%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0595%	1h	115.82	+0.226%	$25K	$53K	20x	as long as short