Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.038%

Price spread now: Bluefin against Paradex−0.088%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.088% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.69	0.0100	pay 0.0100% / 8h	6h 19m	$1.0M	$519K	50x
Short	Bluefin SOL-PERP	117.58	0.0100	get 0.0013% / 1h	19m 29s	$37K	$16K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0.07
Price spread: −0.088% → 0.000%: −$8.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$19.74
Costs to cover: 0.110%
Break-even: 1899.4 days

Slippage unknown: Paradex: live order book, 5 min ago; Bluefin: no order-book sample. Net counts fees only.

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, 5 min ago	1.91 bp	3.9 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.72	+0.023%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0066%	1h	117.65	−0.032%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0027%	1h	117.51	−0.153%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0008%	1h	117.78	+0.080%	$100K	$691K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.67	−0.014%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.67	−0.016%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	−0.087%	$1.4M	$20.8M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.71	+0.015%	$2.0M	$4.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0028%	1h	117.71	+0.017%	$1.5M	$6.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0039%	1h	117.60	−0.074%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	−0.118%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.54	−0.129%	$228.4M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0058%	8h	117.65	−0.033%	$851.7M	$663.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.58	−0.093%	$8.0M	$408.7M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.69	−0.001%	—	$370.7M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.69	+0.003%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.69	−0.003%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.68	−0.009%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.70	+0.010%	$103K	$158K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.56	−0.112%	$344K	$258K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.69	long leg	$1.0M	$519K	50x
Katana Perps SOL-USD	+0.0100%	8h	117.66	−0.024%	$64K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.67	−0.012%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.68	−0.007%	$176.6M	$179.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.69	+0.005%	$14.4M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.66	−0.024%	$969.8M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.70	+0.010%	$820.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.72	+0.027%	$365.7M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	−0.067%	$239K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.69	−0.002%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	+0.264%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.66	−0.024%	$426.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.71	+0.021%	$131.4M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.71	+0.020%	$487.4M	$441.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.66	−0.024%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.74	+0.046%	$24.4M	$122.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.77	+0.067%	$94.6M	$404.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.96	+0.232%	$48.3M	$28.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.57	−0.101%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.72	+0.027%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.65	−0.029%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	117.58	−0.088%	$37K	$16K	25x
SunX SOL-USDT	+0.0100%	8h	117.60	−0.078%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.56	−0.109%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.56	−0.109%	$45.8M	$101.4M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.70	+0.010%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.64	−0.038%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0104%	1h	117.76	+0.061%	$720.2M	$400.5M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.68	−0.003%	—	$225.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.71	+0.015%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.154%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.57	−0.098%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0340%	1h	117.82	+0.113%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.69	+0.004%	$129K	$3.9M	8.3x	as long as short