Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Paradex against Katana Perps+0.162%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.006%−$1 on $10k
Price spread, last 7 days−0.055%−$6 · spread now +0.162%, 7d avg +0.020%
Together, before fees−0.062%+ Points / potential airdropParadex: Active · farm board−$6 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 0.142% dearer against Katana Perps than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps SOL-USD116.780.0099pay 0.0099% / 8h3h 48m$50K$882K20x
ShortParadex SOL-USD-PERP116.970.0100get 0.0100% / 8h3h 48m$1.0M$551K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Katana Perps. 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

Funding earned
$0.18
Price spread: +0.162% → +0.020%
$14.21
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Paradex: 2 bp × 2 orders
−$4
Net
$6.59
Costs to cover
0.078%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; Paradex: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell Paradex live order book, 1 min ago1.33 bp3.3 bp −$39.7 bp −$97doesn't fitdoesn't fit
Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0193%1h116.81+0.028%$31.1M$100.8M100xas long as short
Hibachi SOL/USDT-P−0.0160%1h116.77−0.007%$103K$699K20xas long as short
Vest SOL-PERP−0.0090%1h116.81+0.028%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.81+0.027%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.83+0.043%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.92+0.121%$1.5M$19.1M3.1xas long as short
dYdX SOL-USD+0.0003%1h116.88+0.086%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0044%1h116.78−0.001%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.81+0.026%$7.5M$404.8M50xas long as short
Bybit SOLUSDT+0.0090%8h116.75−0.026%$768.9M$1.37B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0093%8h116.85+0.063%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.82+0.033%$13.0M$59.9M25xas long as short
Lighter RH SOL+0.0096%1h116.81+0.024%$2.2M$16.7M25xas long as short
01 Exchange SOLUSD+0.0096%1h116.88+0.086%$100K$174K20xas long as short
Aevo SOL-PERP+0.0096%1h116.82+0.037%$348K$244K20xas long as short
Katana Perps SOL-USDlong+0.0099%8h116.78long leg$50K$882K20x
Paradex SOL-USD-PERPshort+0.0100%8h116.97+0.162%$1.0M$551K50x
Nado SOL-PERP+0.0100%1h116.86+0.065%$5.4M$40.2M40xas long as short
Hyperliquid SOL+0.0100%1h116.91+0.111%$705.7M$393.9M20xas long as short
Aster SOLUSDT+0.0100%8h116.85+0.058%$174.9M$183.0M100xas long as short
Pacifica SOL+0.0100%1h116.89+0.094%$15.8M$130.1M20xas long as short
Binance SOLUSDT+0.0100%8h116.82+0.033%$975.8M$3.81B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.81+0.026%$367.7M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.74−0.034%$230K$842K10xas long as short
Arcus SOL-USD+0.0100%1h116.88+0.083%$921K$8.8M20xas long as short
Gate SOL_USDT+0.0100%8h116.81+0.026%$852.0M$657.9M100xas long as short
MEXC SOL_USDT+0.0100%8h116.82+0.034%$366.8M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.84+0.052%$129.4M$222.5M75xas long as short
Bitget SOLUSDT+0.0100%8h116.78−0.001%$480.8M$443.4M100xas long as short
BingX SOL-USDC+0.0100%8h116.79+0.011%$10.5Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.82+0.034%$23.1M$39.2M50xas long as short
Variational Omni SOL+0.0100%8h116.95+0.149%$24.6M$113.9Mas long as short
edgeX SOLUSDC+0.0100%4h116.88+0.087%$93.8M$398.9M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.05+0.231%$47.8M$30.4M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.99+0.183%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.76−0.017%$1.3M$12.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.85+0.060%$322K$2.6M20xas long as short
Bullet SOL-USD+0.0100%1h116.80+0.015%$147K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.83+0.045%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.87+0.078%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.81+0.026%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.77−0.012%$226.4M$47.8M75xas long as short
Phemex SOLUSDT+0.0100%8h116.85+0.060%$45.8M$102.7M50xas long as short
Bulk SOL-USD+0.0100%1h116.90+0.102%$134.0M$22.8M20xas long as short
Extended SOL-USD+0.0104%1h116.77−0.006%$8.3M$37.5M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.72−0.051%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.780.000%$231.4M500xas long as short
Phoenix SOL+0.0151%1h117.05+0.231%$6.5M$13.8M25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0151%1h116.87+0.075%$26.4M$23.3M50xas long as short
Reya SOLRUSDPERP+0.0191%1h116.83+0.041%$1.1M$541K25xas long as short
BloFin SOL-USDT+0.0220%8h116.780.000%$51.9M$67.5M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.82+0.033%$3.6M200xas long as short
Perpl SOL+0.0447%43m116.88+0.083%$139K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0525%1h116.92+0.124%$25K$51K20xas long as short
RISEx SOL/USDC+0.0561%1h116.94+0.135%$1.9M$4.8M20xas long as short