Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.011%

Price spread now: Kraken Futures against Paradex−0.079%7-day average −0.010% · 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−$28as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.079%, 7d avg −0.010%

Together, before fees+0.001%+ Points / potential airdropParadex: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.068% cheaper against Paradex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.61	0.0095	pay 0.0095% / 8h	1h 28m	$1.0M	$552K	50x
Short	Kraken Futures PF_SOLUSD	116.52	−0.0072	pay 0.0009% / 1h	28m 52s	$32.2M	$106.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$35
Price spread: −0.079% → −0.010%: −$6.84
Slippage, 4 orders: −$6.91
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$62.75
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Paradex: live order book, just now; Kraken Futures: live order book, 5 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, just now	1.54 bp	3.5 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.86 bp	7.0 bp −$7	10.7 bp −$107	15.5 bp −$1,554	24.4 bp −$12.2K

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	−0.0152%	1h	116.52	−0.085%	$98K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0117%	8h	116.46	−0.132%	$740.2M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.58	−0.029%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0072%	1h	116.52	−0.079%	$32.2M	$106.2M	100x
Derive SOL-PERP	−0.0053%	1h	116.33	−0.246%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0025%	1h	116.50	−0.097%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.087%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	−0.026%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.56	−0.048%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.49	−0.107%	$4.3M	$23.7M	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	116.48	−0.118%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.59	−0.021%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0044%	8h	116.48	−0.112%	$479.7M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.53	−0.074%	$8.0M	$403.9M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.49	−0.105%	$175.8M	$171.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.51	−0.092%	$1.0M	$6.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0093%	1h	116.55	−0.053%	$26.4M	$21.7M	50x	as long as short
Paradex SOL-USD-PERPlong	+0.0095%	8h	116.61	long leg	$1.0M	$552K	50x
Lighter SOL	+0.0096%	1h	116.50	−0.102%	$13.0M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.50	−0.098%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	−0.081%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	−0.072%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	−0.029%	$697.8M	$409.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	−0.026%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	−0.106%	$967.0M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.49	−0.106%	$368.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.49	−0.106%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.58	−0.026%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.141%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.47	−0.124%	$846.1M	$669.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.49	−0.106%	$364.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.48	−0.112%	$129.8M	$232.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.48	−0.112%	—	$374.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.098%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.128%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	−0.145%	$93.5M	$410.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.112%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	−0.067%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.089%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	−0.089%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	−0.091%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	−0.085%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.077%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.49	−0.106%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.090%	$225.6M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.53	−0.072%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.130%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.59	−0.023%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.098%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.68	+0.057%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.137%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	−0.072%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.52	−0.083%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	−0.043%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0502%	1h	116.56	−0.049%	$25K	$57K	20x	as long as short