Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.041%

Price spread now: dYdX against Paradex−0.047%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$519as in the Price arb table

costs, in and out, $10k−$5145.139% of the position

Long on Paradex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days−0.067%−$7 · spread now −0.047%, 7d avg +0.003%

Together, before fees−0.094%+ Points / potential airdropParadex: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.050% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.56	0.0093	pay 0.0093% / 8h	1h 00m	$1.0M	$554K	50x
Short	dYdX SOL-USD	116.51	0.0017	get 0.0002% / 1h	0m 27s	$4.3M	$23.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$15.96
Price spread: −0.047% → +0.003%: −$5.03
Slippage, 4 orders: −$499.93
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$534.92
Costs to cover: 5.139%
Break-even: never at this rate

Slippage from Paradex: live order book, 4 min ago; dYdX: 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	18.02 bp	257.8 bp −$258	443.0 bp −$4,430	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	0.43 bp	6.7 bp −$7	15.3 bp −$153	19.5 bp −$1,948	30.1 bp −$15.0K

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
Hibachi SOL/USDT-P	−0.0216%	1h	116.52	−0.037%	$97K	$679K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.55	−0.012%	$737.8M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.54	−0.024%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.53	−0.028%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.048%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.52	−0.036%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.53	−0.031%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.55	−0.013%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.57	+0.004%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USDshort	+0.0017%	1h	116.51	−0.047%	$4.3M	$23.6M	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0035%	8h	116.55	−0.013%	$480.6M	$458.8M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.58	+0.014%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.52	−0.034%	$8.0M	$402.1M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.46	−0.089%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USD	+0.0065%	1h	116.49	−0.063%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0071%	8h	116.53	−0.032%	$176.5M	$169.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0081%	1h	116.57	+0.005%	$26.4M	$21.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	116.49	−0.064%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERPlong	+0.0093%	8h	116.56	long leg	$1.0M	$554K	50x
Lighter SOL	+0.0096%	1h	116.48	−0.073%	$13.2M	$61.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.49	−0.063%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.029%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	−0.012%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.68	+0.100%	$701.3M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	−0.038%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.56	−0.003%	$966.0M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	+0.014%	$367.4M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	+0.005%	$216K	$825K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	+0.003%	$898K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.096%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.52	−0.038%	$851.9M	$677.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.003%	$369.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.57	+0.005%	$133.0M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.50	−0.057%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.055%	$23.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.44	−0.102%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.55	−0.013%	$93.6M	$408.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.53	−0.029%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.66	+0.081%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.59	+0.022%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.56	−0.003%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.57	+0.008%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	−0.043%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	−0.059%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.054%	$225.6M	$50.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	−0.046%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	−0.050%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.53	−0.027%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.048%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.59	+0.022%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.46	−0.087%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.063%	$52.0M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.51	−0.045%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.63	+0.059%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.64	+0.064%	$25K	$57K	20x	as long as short