Funding arb · Price arb /

SOL

all SOL markets

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: Paradex against edgeX−0.131%7-day average −0.016% · 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−$32as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on edgeX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now −0.131%, 7d avg −0.016%

Together, before fees−0.344%+ Points / potential airdropedgeX: Active · Paradex: Active · farm board−$34 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: Paradex is 0.116% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	117.44	0.0100	pay 0.0050% / 4h	1h 56m	$94.3M	$405.0M	75x
Short	Paradex SOL-USD-PERP	117.28	0.0100	get 0.0100% / 8h	5h 56m	$1.0M	$516K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$0.04
Price spread: −0.131% → −0.016%: −$11.58
Slippage, 4 orders: −$7.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.28
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Paradex: 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 edgeX live order book, 2 min ago	2.13 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$671	9.8 bp −$4,906
Sell Paradex live order book, 2 min ago	1.70 bp	3.7 bp −$4	9.8 bp −$98	doesn't fit	doesn't fit

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	117.59	+0.136%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.25	−0.156%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.30	−0.116%	$31.5M	$98.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.30	−0.112%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.33	−0.089%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.34	−0.084%	$1.4M	$20.1M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.22	−0.185%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0033%	8h	117.23	−0.177%	$227.8M	$45.5M	75x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	117.27	−0.141%	$100K	$162K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	117.33	−0.088%	$26.3M	$25.3M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.31	−0.104%	$8.0M	$402.1M	50x	as long as short
Lighter SOL	+0.0072%	1h	117.29	−0.122%	$13.0M	$58.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.44	+0.006%	$100K	$690K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.50	+0.051%	—	$363.1M	—	as long as short
Gate SOL_USDT	+0.0086%	8h	117.40	−0.030%	$849.0M	$641.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.30	−0.112%	$1.0M	$5.8M	100x	as long as short
Lighter RH SOL	+0.0096%	1h	117.30	−0.115%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.30	−0.118%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.24	−0.167%	$67K	$840K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	117.28	−0.131%	$1.0M	$516K	50x
Nado SOL-PERP	+0.0100%	1h	117.27	−0.141%	$5.8M	$40.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.38	−0.044%	$176.2M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.34	−0.081%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.51	+0.061%	$968.8M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.53	+0.080%	$821.1M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.52	+0.072%	$365.7M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.056%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.28	−0.130%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.46	+0.021%	$423.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.44	+0.003%	$130.5M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.53	+0.080%	$487.3M	$433.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.073%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.016%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.44	long leg	$94.3M	$405.0M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.55	+0.094%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.56	+0.106%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.49	+0.046%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.26	−0.150%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.31	−0.107%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.27	−0.141%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.28	−0.133%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.29	−0.124%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.33	−0.090%	$45.7M	$100.3M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.017%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.080%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.39	−0.041%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.43	−0.004%	—	$221.2M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.32	−0.097%	$1.9M	$4.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.25	−0.160%	$1.1M	$523K	25x	as long as short
Hyperliquid SOL	+0.0196%	1h	117.65	+0.183%	$718.0M	$395.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	+0.012%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.30	−0.114%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0363%	1h	117.48	+0.035%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.34	−0.085%	$128K	$3.8M	8.3x	as long as short