Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.004%

Price spread now: Paradex against Extended+0.067%7-day average +0.040% · 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−$11as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Extended Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.067%, 7d avg +0.040%

Together, before fees−0.027%+ Points / potential airdropExtended: Active · Paradex: Active · farm board−$3 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 0.027% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	118.00	0.0104	pay 0.0013% / 1h	46m 47s	$8.3M	$35.9M	50x
Short	Paradex SOL-USD-PERP	118.08	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 Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$0.98
Price spread: +0.067% → +0.040%: $2.72
Slippage, 4 orders: −$4.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.57
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 2 min ago	0.42 bp	2.9 bp −$3	3.0 bp −$30	7.2 bp −$719	doesn't fit
Sell Paradex live order book, 2 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	+0.064%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.04	+0.031%	$92K	$706K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.09	+0.077%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.03	+0.021%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0036%	8h	117.97	−0.028%	$229.4M	$45.0M	75x	as long as short
Gate SOL_USDT	−0.0024%	8h	118.06	+0.047%	$853.6M	$653.1M	100x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.98	−0.019%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.08	+0.064%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.09	+0.069%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.12	+0.096%	$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	118.09	+0.073%	$131K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.09	+0.071%	$1.8M	$4.6M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0019%	1h	118.05	+0.037%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.04	+0.033%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.05	+0.041%	$8.0M	$411.9M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.05	+0.038%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.06	+0.051%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.14	+0.115%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.05	+0.038%	$13.5M	$58.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.03	+0.019%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.98	−0.019%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	118.08	+0.067%	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	118.07	+0.055%	$43K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.10	+0.081%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.04	+0.032%	$177.3M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.08	+0.063%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.11	+0.089%	$978.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.12	+0.094%	$824.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.08	+0.064%	$369.3M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.00	−0.004%	$239K	$908K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.11	+0.085%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.07	+0.055%	$423.6M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.03	+0.017%	$133.6M	$207.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.05	+0.037%	$490.0M	$446.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.03	+0.022%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.97	−0.032%	$24.4M	$129.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.07	+0.056%	$94.8M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.130%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.10	+0.081%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.08	+0.064%	$360K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.08	+0.066%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.10	+0.081%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.11	+0.086%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.04	+0.030%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.07	+0.055%	$46.0M	$101.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.056%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.183%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USDlong	+0.0104%	1h	118.00	long leg	$8.3M	$35.9M	50x
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.12	+0.102%	—	$228.5M	500x	as long as short
Hyperliquid SOL	+0.0124%	1h	118.13	+0.106%	$719.9M	$402.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.05	+0.041%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.030%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.166%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.07	+0.059%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0306%	1h	118.11	+0.090%	$25K	$51K	20x	as long as short