Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.004%

Price spread now: Paradex against Coinbase International+0.013%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.185% of the position

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.013%, 7d avg −0.015%

Together, before fees+0.045%+ Points / potential airdropParadex: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.029% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	118.05	0.0072	pay 0.0009% / 1h	46m 36s	$8.0M	$411.9M	50x
Short	Paradex SOL-USD-PERP	118.07	0.0099	get 0.0099% / 8h	6h 46m	$1.0M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.013%Rate

Funding earned: $5.74
Price spread: +0.013% → −0.015%: $2.87
Slippage, 4 orders: −$4.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.92
Costs to cover: 0.185%
Break-even: 19.1 days

Slippage from Coinbase International: live order book, 3 min ago; Paradex: live order book, 3 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 Coinbase International live order book, 3 min ago	0.04 bp	5.0 bp −$5	7.0 bp −$70	15.2 bp −$1,523	doesn't fit
Sell Paradex live order book, 3 min ago	1.73 bp	3.7 bp −$4	10.3 bp −$103	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
ApeX Omni SOLUSDT	−0.0218%	1h	118.08	+0.023%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.10	+0.041%	$92K	$706K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.11	+0.049%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	117.95	−0.088%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0036%	8h	117.97	−0.069%	$229.4M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.98	−0.060%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0012%	8h	118.05	−0.003%	$853.6M	$653.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.08	+0.023%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.01	−0.036%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.12	+0.055%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	118.00	−0.043%	$131K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.02	−0.030%	$1.8M	$4.6M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0019%	1h	118.05	−0.004%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.04	−0.008%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0072%	1h	118.05	long leg	$8.0M	$411.9M	50x
BingX SOL-USDT	+0.0080%	8h	118.00	−0.046%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.06	+0.010%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	117.99	−0.053%	$102K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.05	−0.007%	$13.5M	$58.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.05	−0.002%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.98	−0.060%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	118.07	+0.013%	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	117.96	−0.079%	$43K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.98	−0.062%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.08	+0.024%	$177.4M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.07	+0.013%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.98	−0.061%	$977.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	−0.043%	$824.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.99	−0.053%	$369.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.00	−0.045%	$239K	$897K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.04	−0.014%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.03	−0.019%	$423.5M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.00	−0.042%	$133.6M	$207.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.95	−0.083%	$489.6M	$446.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.03	−0.019%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.97	−0.073%	$24.4M	$129.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.07	+0.015%	$94.8M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.089%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.10	+0.040%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.97	−0.070%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.08	+0.025%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.10	+0.040%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.11	+0.045%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.04	−0.011%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.07	+0.014%	$46.0M	$101.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.015%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.141%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.97	−0.071%	$8.3M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.12	+0.061%	—	$228.5M	500x	as long as short
Hyperliquid SOL	+0.0118%	1h	118.08	+0.023%	$719.6M	$402.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.94	−0.093%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	−0.011%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.125%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.07	+0.018%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0306%	1h	118.11	+0.049%	$25K	$51K	20x	as long as short