Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.018%

Price spread now: Deribit against Paradex+0.031%7-day average +0.015% · 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−$599as in the Price arb table

costs, in and out, $10k−$6016.010% of the position

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.031%, 7d avg +0.015%

Together, before fees−0.294%+ Points / potential airdropParadex: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.56	0.0100	pay 0.0100% / 8h	3h 25m	$1.0M	$551K	50x
Short	Deribit SOL_USDC-PERPETUAL	116.60	0.0204	get 0.0025% / 1h	25m 35s	$26.3M	$23.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $21.82
Price spread: +0.031% → +0.015%: $1.66
Slippage, 4 orders: −$590.04
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$577.55
Costs to cover: 6.010%
Break-even: 192.3 days

Slippage from Paradex: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	31.70 bp	316.8 bp −$317	1521.1 bp −$15.2K	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.04 bp	5.1 bp −$5	5.7 bp −$57	14.4 bp −$1,443	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	−0.0193%	1h	116.54	−0.020%	$31.0M	$101.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	116.62	+0.050%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0095%	1h	116.51	−0.042%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.025%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0010%	8h	116.44	−0.105%	$756.3M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	−0.019%	$42K	—	150x	as long as short
dYdX SOL-USD	+0.0015%	1h	116.57	+0.005%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.47	−0.075%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	−0.017%	$7.6M	$404.7M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.49	−0.062%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0085%	1h	116.52	−0.036%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.54	−0.021%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.56	−0.002%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.53	−0.027%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.54	−0.021%	$350K	$247K	20x	as long as short
Bitget SOLUSDT	+0.0099%	8h	116.49	−0.065%	$480.9M	$445.0M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.47	−0.079%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	116.56	long leg	$1.0M	$551K	50x
Nado SOL-PERP	+0.0100%	1h	116.55	−0.009%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	+0.075%	$704.2M	$394.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	−0.028%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	+0.018%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.55	−0.014%	$972.3M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.55	−0.011%	$366.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.079%	$229K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.55	−0.013%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.161%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.54	−0.019%	$851.7M	$663.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.53	−0.028%	$366.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.54	−0.017%	$129.0M	$223.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.48	−0.069%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.019%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	−0.136%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.147%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.101%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.264%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.101%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	−0.011%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.55	−0.015%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.036%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.53	−0.028%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.053%	$225.8M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.56	−0.002%	$45.6M	$103.2M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	116.60	+0.031%	$1.4M	$19.0M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	116.48	−0.074%	$8.3M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.118%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	+0.002%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	+0.178%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.50	−0.050%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0204%	1h	116.60	+0.031%	$26.3M	$23.3M	50x
BloFin SOL-USDT	+0.0220%	8h	116.59	+0.024%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.54	−0.023%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.62	+0.050%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0548%	1h	116.74	+0.154%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.57	+0.008%	$1.9M	$4.8M	20x	as long as short