Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.014%

Price spread now: ApeX Omni against Paradex+0.046%7-day average +0.019% · 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−$18as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.156%−$16 on $10k

Price spread, last 7 days−0.212%−$21 · spread now +0.046%, 7d avg +0.019%

Together, before fees−0.368%+ Points / potential airdropParadex: Active · farm board−$37 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: ApeX Omni is 0.027% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.46	0.0097	pay 0.0097% / 8h	1h 46m	$1.0M	$551K	50x
Short	ApeX Omni SOLUSDT	116.52	0.0100	get 0.0013% / 1h	46m 52s	$1.2M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.61
Price spread: +0.046% → +0.019%: $2.67
Slippage, 4 orders: −$6.18
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.9
Costs to cover: 0.202%
Break-even: 200.3 days

Slippage from Paradex: live order book, 2 min ago; ApeX Omni: 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 Paradex live order book, 2 min ago	1.80 bp	3.8 bp −$4	8.7 bp −$87	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	1.29 bp	6.3 bp −$6	8.5 bp −$85	64.3 bp −$6,431	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
Bybit SOLUSDT	−0.0110%	8h	116.40	−0.053%	$740.5M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.68	+0.189%	$98K	$685K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.044%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.49	+0.027%	$32.8M	$103.9M	100x	as long as short
Derive SOL-PERP	−0.0048%	1h	116.40	−0.056%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0014%	1h	116.46	−0.001%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.49	+0.023%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.51	+0.043%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.50	+0.029%	$111K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.54	+0.066%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.44	−0.014%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.50	+0.033%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.49	+0.021%	$8.0M	$404.7M	50x	as long as short
Bitget SOLUSDT	+0.0051%	8h	116.42	−0.040%	$480.0M	$462.4M	100x	as long as short
SoDEX SOL-USD	+0.0059%	1h	116.47	+0.007%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.47	+0.003%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0091%	8h	116.42	−0.036%	$175.5M	$176.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.46	−0.002%	$13.1M	$60.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.47	+0.010%	$350K	$247K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0097%	8h	116.46	long leg	$1.0M	$551K	50x
Katana Perps SOL-USD	+0.0099%	8h	116.46	−0.002%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.026%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.55	+0.076%	$697.5M	$410.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.53	+0.056%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.43	−0.027%	$967.3M	$3.91B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.42	−0.036%	$370.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	+0.041%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	+0.020%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.076%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.42	−0.036%	$845.4M	$664.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.43	−0.027%	$361.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.42	−0.036%	$128.8M	$232.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.43	−0.030%	—	$373.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.46	−0.002%	$23.0M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	+0.072%	$24.8M	$112.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.53	+0.062%	$93.6M	$411.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.64	+0.153%	$47.7M	$31.0M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	116.52	+0.046%	$1.2M	$6.8M	50x
StandX SOL-USD	+0.0100%	1h	116.53	+0.059%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.46	−0.002%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.47	+0.006%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.45	−0.009%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.47	+0.003%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.46	+0.002%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.45	−0.010%	$45.3M	$105.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.38	−0.070%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	+0.054%	—	$235.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0153%	1h	116.54	+0.069%	$26.4M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.539%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.76	+0.256%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.43	−0.026%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	−0.019%	$52.3M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.48	+0.014%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.085%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0493%	1h	116.65	+0.160%	$25K	$56K	20x	as long as short