Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.172%

Price spread now: Paradex against Injective+0.253%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Paradex is 0.253% dearer against Injective than usual: you sell high and buy low (spread +0.253% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SOL/USDC PERP	117.49	0.0218	pay 0.0027% / 1h	11m 19s	$4K	$2K	12x
Short	Paradex SOL-USD-PERP	117.79	0.0100	get 0.0100% / 8h	5h 11m	$1.0M	$516K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now +0.253%Rate

Funding earned: −$24.7
Price spread: +0.253% → 0.000%: $25.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.39
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex live order book, 3 min ago	1.95 bp	4.0 bp −$4	9.0 bp −$90	doesn't fit	doesn't fit

Injective: 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
Hotstuff SOL-PERP	−0.0080%	1h	117.75	+0.219%	$921	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0079%	1h	117.88	+0.332%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.74	+0.215%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.93	+0.372%	$31.6M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.82	+0.281%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.87	+0.323%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.73	+0.204%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.85	+0.302%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.84	+0.298%	$100K	$166K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.95	+0.391%	$7.9M	$404.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	117.91	+0.359%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.91	+0.361%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.90	+0.347%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.92	+0.366%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.80	+0.264%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	117.79	+0.253%	$1.0M	$516K	50x
Nado SOL-PERP	+0.0100%	1h	117.72	+0.196%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.87	+0.321%	$177.5M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.80	+0.268%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.90	+0.352%	$972.0M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.94	+0.386%	$832.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.91	+0.357%	$366.3M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.62	+0.111%	$234K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.82	+0.277%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.404%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.80	+0.264%	$859.0M	$654.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.91	+0.357%	$425.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.82	+0.284%	$130.8M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.91	+0.360%	$488.7M	$431.5M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.77	+0.239%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	+0.136%	$23.7M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.04	+0.470%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	+0.295%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	+0.169%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	+0.289%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.72	+0.196%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.82	+0.281%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	+0.302%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	+0.350%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.91	+0.357%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.81	+0.270%	$228.8M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.92	+0.366%	$46.0M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.81	+0.272%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.87	+0.320%	$8.2M	$36.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0109%	1h	117.97	+0.408%	$26.5M	$24.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.69	+0.173%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.340%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.90	+0.348%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.94	+0.383%	$721.6M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.80	+0.260%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERPlong	+0.0218%	1h	117.49	long leg	$4K	$2K	12x
BloFin SOL-USDT	+0.0220%	8h	117.85	+0.306%	$52.0M	$71.6M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.81	+0.275%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.84	+0.301%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0416%	1h	117.89	+0.344%	$25K	$52K	20x	as long as short