Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Paradex−0.043%7-day average −0.002% · 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−$282as in the Price arb table

costs, in and out, $10k−$2782.781% of the position

Long on Paradex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.091%−$9 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.043%, 7d avg −0.002%

Together, before fees−0.085%+ Points / potential airdropParadex: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.041% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	119.18	0.0100	pay 0.0100% / 8h	7h 04m	$1.0M	$520K	50x
Short	gTrade (Gains Network) SOL/USD	119.13	L 0.0000% / S +0.0004%	pay 0.0001% / 1h	4m 24s	$55K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.043%Rate

Funding earned: −$21.8
Price spread: −0.043% → −0.002%: −$4.13
Slippage, 4 orders: −$264.05
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$303.99
Costs to cover: 2.781%
Break-even: never at this rate

Slippage from Paradex: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 80 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, 5 min ago	1.97 bp	4.0 bp −$4	10.6 bp −$106	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 80 min ago	130.06 bp	135.1 bp −$135	135.1 bp −$1,351	749.7 bp −$75.0K	6455.8 bp −$3.23M

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
Derive SOL-PERP	−0.0082%	1h	118.95	−0.190%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.12	−0.047%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	119.05	−0.105%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	119.05	−0.110%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0050%	8h	118.97	−0.177%	$231.4M	$43.8M	75x	as long as short
dYdX SOL-USD	−0.0016%	1h	119.14	−0.035%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.03	−0.120%	$32.3M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USDshort	L 0.0000% / S +0.0004%	1h	119.13	−0.043%	$55K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	119.07	−0.093%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.11	−0.057%	$124K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	119.15	−0.023%	$104K	$161K	20x	as long as short
Gate SOL_USDT	+0.0052%	8h	119.09	−0.073%	$855.5M	$674.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0057%	1h	119.09	−0.077%	$26.7M	$24.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.08	−0.080%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.08	−0.081%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.05	−0.110%	$8.1M	$409.5M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.13	−0.037%	$13.4M	$57.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.15	−0.023%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.03	−0.128%	$349K	$253K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	119.18	long leg	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.14	−0.031%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.13	−0.043%	$6.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.23	+0.044%	$729.8M	$395.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.10	−0.065%	$180.0M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.16	−0.013%	$12.3M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.12	−0.048%	$981.7M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.14	−0.031%	$828.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.06	−0.099%	$372.2M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.98	−0.166%	$233K	$829K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.14	−0.031%	$2.1M	$8.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.11	−0.057%	$431.2M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.12	−0.049%	$139.0M	$204.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.10	−0.068%	$494.4M	$437.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.04	−0.115%	$24.0M	$36.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.146%	$24.9M	$130.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	−0.004%	$95.7M	$401.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.35	+0.146%	$48.9M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	+0.167%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.02	−0.132%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.12	−0.048%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.12	−0.050%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.03	−0.125%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.04	−0.114%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.03	−0.124%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.06	−0.099%	$46.6M	$99.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.24	+0.048%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.06	−0.099%	$8.6M	$34.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.25	+0.061%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.04	−0.113%	—	$225.0M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.12	−0.052%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+0.271%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.09	−0.072%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.02	−0.132%	$52.1M	$73.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.12	−0.045%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0244%	1h	119.18	+0.001%	$25K	$51K	20x	as long as short