Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Nado against Paradex−0.051%7-day average +0.042% · 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−$25as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days+0.217%+$22 · spread now −0.051%, 7d avg +0.042%

Together, before fees+0.221%+ Points / potential airdropParadex: Active · Nado: Active · farm board+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.093% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.72	0.0100	pay 0.0100% / 8h	4h 30m	$1.0M	$554K	50x
Short	Nado SOL-PERP	116.66	0.0100	get 0.0012% / 1h	30m 17s	$5.5M	$38.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.051%Rate

Funding earned: $0.01
Price spread: −0.051% → +0.042%: −$9.32
Slippage, 4 orders: −$4.27
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$24.58
Costs to cover: 0.153%
Break-even: 16110.7 days

Slippage from Paradex: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago	1.71 bp	3.7 bp −$4	9.9 bp −$99	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.43 bp	3.9 bp −$4	3.9 bp −$39	7.5 bp −$751	29.1 bp −$14.6K

SOL on 54 exchanges

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	−0.0144%	1h	117.01	+0.243%	$98K	$648K	20x	as long as short
Bybit SOLUSDT	−0.0040%	8h	116.76	+0.032%	$722.7M	$1.21B	100x	as long as short
Derive SOL-PERP	−0.0019%	1h	116.70	−0.021%	$1.8M	$2.5M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.78	+0.047%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.77	+0.043%	$1.3M	$15.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.78	+0.046%	$102K	$2.6M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	116.82	+0.080%	$26.3M	$17.4M	50x	as long as short
Bitget SOLUSDT	+0.0016%	8h	116.75	+0.020%	$479.1M	$388.8M	100x	as long as short
Vest SOL-PERP	+0.0020%	1h	116.83	+0.090%	—	$246K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0024%	1h	116.79	+0.058%	$8.5M	$360.9M	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SOL/USDC PERP	+0.0033%	1h	116.85	+0.108%	$4K	$113	12x	as long as short
Orderly PERP_SOL_USDC	+0.0035%	8h	116.74	+0.016%	$966K	$4.9M	100x	as long as short
Aster SOLUSDT	+0.0049%	8h	116.77	+0.040%	$176.3M	$156.2M	100x	as long as short
dYdX SOL-USD	+0.0063%	1h	116.76	+0.027%	$9.1M	$17.1M	20x	as long as short
Binance SOLUSDT	+0.0064%	8h	116.76	+0.031%	$968.3M	$3.37B	100x	as long as short
MEXC SOL_USDT	+0.0064%	8h	116.75	+0.022%	$447.1M	$956.2M	300x	as long as short
Aevo SOL-PERP	+0.0064%	1h	116.72	−0.001%	$342K	$257K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.82	+0.082%	$102K	$188K	20x	as long as short
SoDEX SOL-USD	+0.0085%	1h	116.75	+0.022%	$6.0M	$11.2M	20x	as long as short
Gate SOL_USDT	+0.0088%	8h	116.78	+0.048%	$838.5M	$578.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.78	+0.049%	$12.9M	$54.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.77	+0.043%	$2.2M	$12.9M	25x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.75	+0.022%	$24K	$931K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	116.72	long leg	$1.0M	$554K	50x
Nado SOL-PERPshort	+0.0100%	1h	116.66	−0.051%	$5.5M	$38.8M	40x
Hyperliquid SOL	+0.0100%	1h	116.91	+0.159%	$720.5M	$360.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	+0.024%	$15.8M	$116.0M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.77	+0.039%	$359.4M	$1.54B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.69	−0.029%	$222K	$747K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.79	+0.055%	$1.2M	$7.6M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.79	+0.054%	$132.8M	$226.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.77	+0.035%	—	$330.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.95	+0.193%	$22.9M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.94	+0.186%	$25.0M	$94.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.09	+0.316%	$94.1M	$356.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.14	+0.355%	$47.9M	$26.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.11	+0.330%	$1.0M	$4.4M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.04	+0.270%	$1.3M	$9.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.78	+0.048%	$323K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.77	+0.037%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.96	+0.204%	$26K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.75	+0.025%	$190K	$1.4M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.68	−0.034%	$225.8M	$40.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.80	+0.065%	$45.5M	$98.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.15	+0.365%	$128.1M	$8.8M	20x	as long as short
Phoenix SOL	+0.0103%	1h	117.14	+0.356%	$6.8M	$11.6M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	116.69	−0.026%	$8.4M	$32.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.98	+0.221%	—	$210.3M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0128%	1h	116.79	+0.052%	$33.2M	$91.2M	100x	as long as short
BloFin SOL-USDT	+0.0185%	8h	116.98	+0.219%	$51.8M	$55.5M	125x	as long as short
Reya SOLRUSDPERP	+0.0201%	1h	116.75	+0.020%	$1.1M	$91K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0238% / S −0.0183%	1h	116.78	+0.047%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	116.79	+0.057%	$2.1M	$3.7M	20x	as long as short
Aftermath Perps SOLUSD	+0.0423%	1h	117.03	+0.263%	$25K	$45K	20x	as long as short