Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.038%

Price spread now: RISEx against Paradex−0.026%7-day average +0.021% · 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−$20as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 7 days−0.063%−$6 · spread now −0.026%, 7d avg +0.021%

Together, before fees+0.026%+ Points / potential airdropParadex: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.048% cheaper against Paradex than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.021%). If the spread goes back, that is −$5 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.089% in total) that is about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.58	0.0100	pay 0.0100% / 8h	5h 28m	$1.0M	$516K	50x
Short	RISEx SOL/USDC	117.55	0.0136	get 0.0017% / 1h	28m 06s	$1.9M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.026%Rate

Funding earned: $7.52
Price spread: −0.026% → +0.021%: −$4.78
Slippage, 4 orders: −$4.76
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$12.02
Costs to cover: 0.148%
Break-even: 18.2 days

Slippage from Paradex: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	1.79 bp	3.8 bp −$4	9.6 bp −$96	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.04 bp	4.1 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit

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
Bluefin SOL-PERP	−0.0152%	1h	117.47	−0.093%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.57	−0.012%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	117.47	−0.095%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.47	−0.094%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.40	−0.150%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.51	−0.062%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.54	−0.038%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.47	−0.092%	$1.4M	$19.3M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0015%	1h	117.51	−0.059%	$26.4M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.50	−0.069%	$100K	$165K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.65	+0.058%	$105K	$695K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.49	−0.075%	$8.0M	$403.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.48	−0.084%	$1.0M	$5.8M	100x	as long as short
HTX SOL-USDT	+0.0090%	8h	117.43	−0.126%	$228.2M	$45.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	117.48	−0.085%	$13.1M	$59.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.47	−0.094%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.46	−0.103%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.48	−0.086%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.58	long leg	$1.0M	$516K	50x
Nado SOL-PERP	+0.0100%	1h	117.56	−0.018%	$5.8M	$39.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.51	−0.060%	$176.4M	$179.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.57	−0.005%	$14.5M	$128.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.49	−0.077%	$967.0M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.49	−0.074%	$824.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.44	−0.120%	$366.2M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.55	−0.026%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.53	−0.043%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.118%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.46	−0.103%	$857.5M	$650.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.44	−0.120%	$423.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.48	−0.083%	$129.6M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.42	−0.133%	$486.5M	$431.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.44	−0.118%	—	$362.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.45	−0.111%	$23.6M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	+0.119%	$24.4M	$115.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.51	−0.062%	$94.4M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.78	+0.170%	$48.3M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.76	+0.153%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.63	+0.042%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	−0.077%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.50	−0.069%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.64	+0.050%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.47	−0.094%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.47	−0.094%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.44	−0.122%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.56	−0.016%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.65	+0.059%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDCshort	+0.0136%	1h	117.55	−0.026%	$1.9M	$4.9M	20x
Hyperliquid SOL	+0.0172%	1h	117.56	−0.018%	$719.0M	$393.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.47	−0.098%	$1.1M	$527K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.171%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.54	−0.035%	$51.6M	$71.4M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.51	−0.061%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.50	−0.069%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0391%	1h	117.56	−0.017%	$25K	$51K	20x	as long as short