Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Ondo Perps against Paradex−0.127%7-day average +0.008% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days−0.113%−$11 · spread now −0.127%, 7d avg +0.008%

Together, before fees−0.106%+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm board−$11 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: Ondo Perps is 0.135% cheaper against Paradex than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.68	0.0100	pay 0.0100% / 8h	4h 16m	$1.0M	$549K	50x
Short	Ondo Perps SOL-USD.P	116.53	0.0100	get 0.0013% / 1h	16m 24s	$231K	$845K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0.06
Price spread: −0.127% → +0.008%: −$13.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$22.46
Costs to cover: 0.090%
Break-even: 2609.0 days

Slippage unknown: Paradex: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 3 min ago	1.67 bp	3.7 bp −$4	9.3 bp −$93	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0144%	1h	116.69	+0.010%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.58	−0.082%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.64	−0.030%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.61	−0.060%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	+0.007%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.67	−0.008%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.63	−0.038%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.65	−0.024%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.71	+0.024%	$7.4M	$404.8M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.70	+0.016%	$31.1M	$100.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.70	+0.018%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.63	−0.046%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.64	−0.036%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.69	+0.010%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.57	−0.093%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	116.68	long leg	$1.0M	$549K	50x
Nado SOL-PERP	+0.0100%	1h	116.60	−0.065%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.72	+0.036%	$704.7M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.61	−0.056%	$174.8M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.66	−0.019%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.62	−0.050%	$969.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.57	−0.092%	$782.2M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.63	−0.042%	$369.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	116.53	−0.127%	$231K	$845K	10x
Arcus SOL-USD	+0.0100%	1h	116.65	−0.028%	$926K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.61	−0.059%	$841.5M	$663.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.60	−0.067%	$384.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.62	−0.053%	$128.5M	$219.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.59	−0.073%	$479.0M	$441.2M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.61	−0.061%	—	$365.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.68	+0.001%	$23.4M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.50	−0.150%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.092%	$93.6M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	−0.118%	$47.6M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	−0.034%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.084%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.61	−0.059%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.58	−0.083%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.018%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.64	−0.031%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.70	+0.018%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.56	−0.099%	$226.2M	$47.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	+0.018%	$45.7M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.018%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.58	−0.087%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.68	+0.003%	—	$231.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.044%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.042%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	116.75	+0.061%	$26.4M	$24.7M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.59	−0.076%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.70	+0.018%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.69	+0.013%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.66	−0.019%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0530%	1h	116.67	−0.004%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.71	+0.023%	$1.9M	$4.9M	20x	as long as short