Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Paradex against Lighter RH−0.041%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$110.110% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.041%, 7d avg 0.000%
Together, before fees+0.051%+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm board+$5 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 0.041% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SOL119.410.0096pay 0.0012% / 1h44m 40s$2.1M$16.7M25x
ShortParadex SOL-USD-PERP119.360.0099get 0.0099% / 8h1h 44m$1.0M$523K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Lighter RH. 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

Funding earned
$0.72
Price spread: −0.041% → 0.000%
−$4.06
Slippage, 4 orders
−$7.05
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$14.39
Costs to cover
0.110%
Break-even
147.2 days
Slippage from Lighter RH: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago1.64 bp1.6 bp −$22.3 bp −$2316.9 bp −$1,694doesn't fit
Sell Paradex live order book, 4 min ago1.89 bp3.9 bp −$49.4 bp −$94doesn't fitdoesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0643%1h119.44+0.029%$37K$17K25xas long as short
Derive SOL-PERP−0.0086%1h119.36−0.044%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.52+0.094%$847$8K25xas long as short
Vest SOL-PERP−0.0065%1h119.43+0.015%$722K20xas long as short
dYdX SOL-USD−0.0002%1h119.44+0.029%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.44+0.027%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.51+0.084%$1.2M$20.6M3.1xas long as short
Perpl SOL0.0000%43m119.48+0.063%$179K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0008%1h119.43+0.017%$120K$610K20xas long as short
Phoenix SOL+0.0054%1h119.20−0.174%$6.6M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps SOLUSD+0.0061%1h119.33−0.063%$24K$47K20xas long as short
Orderly PERP_SOL_USDC+0.0066%8h119.46+0.041%$1.1M$5.9M100xas long as short
HTX SOL-USDT+0.0071%8h119.41−0.002%$232.6M$44.5M75xas long as short
BingX SOL-USDT+0.0080%8h119.47+0.048%$374.4Mas long as short
01 Exchange SOLUSD+0.0088%1h119.49+0.069%$104K$154K20xas long as short
Gate SOL_USDT+0.0095%8h119.40−0.007%$870.2M$678.1M100xas long as short
Lighter SOL+0.0096%1h119.43+0.015%$13.6M$55.2M25xas long as short
Lighter RH SOLlong+0.0096%1h119.41long leg$2.1M$16.7M25x
Aevo SOL-PERP+0.0096%1h119.42+0.014%$354K$748K20xas long as short
Paradex SOL-USD-PERPshort+0.0099%8h119.36−0.041%$1.0M$523K50x
Katana Perps SOL-USD+0.0100%8h119.42+0.010%$46K$789K20xas long as short
Nado SOL-PERP+0.0100%1h119.45+0.037%$6.3M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.52+0.094%$721.1M$414.5M20xas long as short
Aster SOLUSDT+0.0100%8h119.48+0.059%$178.8M$175.8M100xas long as short
Pacifica SOL+0.0100%1h119.47+0.049%$12.4M$116.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.45+0.035%$984.4M$3.79B100xas long as short
Bybit SOLUSDT+0.0100%8h119.49+0.069%$826.1M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.46+0.044%$372.2M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.28−0.107%$234K$883K10xas long as short
Arcus SOL-USD+0.0100%1h119.52+0.091%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h119.15−0.215%$133.6M$9.3M20xas long as short
MEXC SOL_USDT+0.0100%8h119.46+0.044%$437.1M$1.10B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.43+0.016%$140.9M$199.6M75xas long as short
Bitget SOLUSDT+0.0100%8h119.44+0.031%$496.4M$453.8M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.45+0.035%$24.1M$38.7M50xas long as short
Variational Omni SOL+0.0100%8h119.38−0.020%$27.7M$127.8Mas long as short
edgeX SOLUSDC+0.0100%4h119.35−0.048%$95.9M$398.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.33−0.065%$48.8M$32.0M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.42+0.010%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.44+0.027%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.49+0.069%$366K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.47+0.053%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.49+0.067%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.43+0.018%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.45+0.035%$46.7M$102.0M50xas long as short
Extended SOL-USD+0.0104%1h119.43+0.022%$8.7M$36.4M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.49+0.068%$8.2M$415.5M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.46+0.040%$221.8M500xas long as short
Kraken Futures PF_SOLUSD+0.0149%1h119.45+0.032%$32.7M$94.9M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0165%1h119.50+0.078%$26.8M$27.7M50xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0089%1h119.45+0.035%$3.6M200xas long as short
Reya SOLRUSDPERP+0.0181%1h119.48+0.057%$1.1M$558K25xas long as short
RISEx SOL/USDC+0.0192%1h119.50+0.077%$1.6M$5.9M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.13−0.233%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.44+0.027%$52.1M$84.7M125xas long as short