Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: Paradex against gTrade (Gains Network)−0.080%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.080% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	116.62	L −0.0001% / S +0.0004%	get 0.0000% / 1h	51m 55s	$42K	—	150x
Short	Paradex SOL-USD-PERP	116.53	0.0094	get 0.0094% / 8h	51m 55s	$1.0M	$554K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.080%Rate

Funding earned: $19.92
Price spread: −0.080% → 0.000%: −$8.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.1
Costs to cover: 0.140%
Break-even: 7.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Paradex: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex live order book, 2 min ago	1.72 bp	3.7 bp −$4	9.5 bp −$95	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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
Hibachi SOL/USDT-P	−0.0200%	1h	116.61	−0.013%	$96K	$680K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.65	+0.026%	$32.3M	$106.0M	100x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.69	+0.056%	$738.0M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.52	−0.088%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0061%	1h	116.62	−0.004%	$1.9M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.62	−0.002%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.54	−0.066%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.62	long leg	$42K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.63	+0.003%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.59	−0.025%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0004%	1h	116.58	−0.037%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0031%	8h	116.70	+0.069%	$481.5M	$458.3M	100x	as long as short
Lighter RH SOL	+0.0032%	1h	116.64	+0.011%	$2.2M	$16.6M	25x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.63	+0.009%	$8.0M	$401.7M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.61	−0.010%	$100K	$176K	20x	as long as short
SoDEX SOL-USD	+0.0057%	1h	116.60	−0.019%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0066%	8h	116.68	+0.049%	$177.0M	$168.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	116.59	−0.026%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERPshort	+0.0094%	8h	116.53	−0.080%	$1.0M	$554K	50x
Lighter SOL	+0.0096%	1h	116.60	−0.018%	$13.2M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	−0.016%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.55	−0.062%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.58	−0.035%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	+0.118%	$702.0M	$406.9M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.57	−0.043%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.69	+0.059%	$966.5M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.72	+0.084%	$367.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.45	−0.147%	$216K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	−0.048%	$898K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.146%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.65	+0.024%	$850.3M	$657.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.69	+0.058%	$373.6M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.69	+0.057%	$132.9M	$233.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	+0.062%	—	$373.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	+0.033%	$23.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.38	−0.205%	$24.9M	$110.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.47	−0.129%	$93.5M	$405.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.55	−0.060%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	−0.091%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.55	−0.062%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.59	−0.027%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.59	−0.026%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.035%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.60	−0.015%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.56	−0.054%	$225.7M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	+0.024%	$45.4M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.67	+0.044%	$8.2M	$38.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.53	−0.077%	—	$234.0M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.59	−0.027%	$6.5M	$13.6M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0132%	1h	116.68	+0.047%	$26.4M	$21.8M	50x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.56	−0.051%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.45	−0.147%	$52.1M	$66.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.61	−0.011%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.62	−0.004%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.60	−0.019%	$25K	$57K	20x	as long as short