Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.038%

Price spread now: Paradex against Derive+0.094%7-day average +0.039% · you sell dearer than you buy

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

Long on Derive Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.094%, 7d avg +0.039%

Together, before fees+0.051%+ Points / potential airdropParadex: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Paradex is 0.055% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	117.66	−0.0027	get 0.0003% / 1h	21m 12s	$2.0M	$2.8M	13x
Short	Paradex SOL-USD-PERP	117.77	0.0100	get 0.0100% / 8h	6h 21m	$1.0M	$519K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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 DerivebpFee ParadexbpOrdersPrice spread, now +0.094%Rate

Funding earned: $26.55
Price spread: +0.094% → +0.039%: $5.51
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $22.07
Costs to cover: 0.100%
Break-even: 1.2 days

Slippage unknown: Derive: no order-book sample; Paradex: live order book, 3 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Paradex live order book, 3 min ago	1.91 bp	3.9 bp −$4	10.0 bp −$100	doesn't fit	doesn't fit

Derive: 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 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.76	+0.089%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0067%	1h	117.75	+0.075%	—	$607K	20x	as long as short
Derive SOL-PERPlong	−0.0027%	1h	117.66	long leg	$2.0M	$2.8M	13x
Hibachi SOL/USDT-P	−0.0016%	1h	118.00	+0.288%	$101K	$691K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.75	+0.076%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.79	+0.108%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.84	+0.155%	$1.4M	$20.9M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0012%	1h	117.75	+0.076%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.77	+0.094%	$2.0M	$4.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0030%	1h	117.91	+0.214%	$1.5M	$6.0M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.72	+0.048%	$31.6M	$98.9M	100x	as long as short
Gate SOL_USDT	+0.0050%	8h	117.77	+0.094%	$851.9M	$663.0M	100x	as long as short
HTX SOL-USDT	+0.0052%	8h	117.71	+0.046%	$228.8M	$45.5M	75x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.71	+0.046%	$8.0M	$409.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.70	+0.039%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.74	+0.066%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.70	+0.036%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.70	+0.037%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.78	+0.103%	$103K	$159K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.73	+0.058%	$345K	$258K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	117.77	+0.094%	$1.0M	$519K	50x
Katana Perps SOL-USD	+0.0100%	8h	117.73	+0.060%	$65K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.75	+0.082%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.74	+0.070%	$176.7M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.79	+0.115%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.68	+0.018%	$970.0M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.70	+0.035%	$820.6M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.67	+0.009%	$365.8M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.71	+0.043%	$239K	$892K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	+0.087%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	+0.289%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.68	+0.018%	$426.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.71	+0.044%	$131.4M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.66	0.000%	$487.3M	$440.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.70	+0.035%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.14	+0.405%	$24.5M	$122.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.93	+0.233%	$94.7M	$404.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.96	+0.257%	$48.3M	$28.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.96	+0.256%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.76	+0.086%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.75	+0.082%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	+0.059%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.76	+0.082%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	+0.052%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.71	+0.043%	$45.9M	$101.4M	50x	as long as short
Phoenix SOL	+0.0101%	1h	118.11	+0.383%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.69	+0.024%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0105%	1h	117.88	+0.188%	$720.8M	$400.0M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.74	+0.071%	—	$226.2M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.75	+0.078%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.179%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.75	+0.076%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0336%	1h	117.91	+0.211%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.82	+0.139%	$129K	$3.9M	8.3x	as long as short