Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Paradex against Pacifica−0.071%7-day average −0.021% · 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−$22as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Pacifica Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.071%, 7d avg −0.021%

Together, before fees+0.038%+ Points / potential airdropPacifica: Active · Paradex: Active · farm board+$4 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 0.050% cheaper against Pacifica than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	119.35	0.0100	pay 0.0013% / 1h	28m 20s	$12.4M	$117.8M	20x
Short	Paradex SOL-USD-PERP	119.27	0.0100	get 0.0100% / 8h	1h 28m	$1.0M	$523K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$0.1
Price spread: −0.071% → −0.021%: −$4.99
Slippage, 4 orders: −$5.23
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.32
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Paradex: live order book, 1 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 Pacifica live order book, 1 min ago	0.42 bp	4.4 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Paradex live order book, 1 min ago	1.97 bp	4.0 bp −$4	10.1 bp −$101	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
Bluefin SOL-PERP	−0.0118%	1h	119.23	−0.101%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0091%	1h	119.23	−0.097%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.34	−0.011%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.24	−0.094%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0005% / S +0.0004%	1h	119.25	−0.086%	$106K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.34	−0.005%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.34	−0.011%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.24	−0.094%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.30	−0.038%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.24	−0.093%	$6.6M	$13.6M	25x	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	+0.0067%	8h	119.22	−0.108%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0078%	1h	119.34	−0.011%	$24K	$47K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.26	−0.073%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0084%	8h	119.27	−0.072%	$232.2M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.32	−0.026%	$871.0M	$683.4M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.35	−0.001%	$104K	$154K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.36	+0.009%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.35	+0.001%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.18	−0.141%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	119.27	−0.071%	$1.0M	$523K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.31	−0.034%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	+0.008%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	+0.008%	$718.4M	$416.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.31	−0.037%	$178.6M	$176.2M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	119.35	long leg	$12.4M	$117.8M	20x
Binance SOLUSDT	+0.0100%	8h	119.24	−0.090%	$986.0M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.26	−0.079%	$824.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.19	−0.135%	$371.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.227%	$233K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.38	+0.027%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.163%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.23	−0.101%	$453.3M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.34	−0.012%	$141.3M	$201.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.25	−0.081%	$495.3M	$455.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.35	−0.001%	$24.2M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.076%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.40	+0.043%	$95.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.09	−0.215%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.40	+0.039%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	−0.059%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.29	−0.051%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.22	−0.109%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.28	−0.062%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.32	−0.026%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.34	−0.009%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.18	−0.147%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.37	+0.017%	$8.2M	$415.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.38	+0.027%	—	$223.3M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.34	−0.007%	$32.6M	$95.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0165%	1h	119.40	+0.041%	$26.7M	$27.6M	50x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.25	−0.087%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.23	−0.104%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.38	+0.028%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.185%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.28	−0.059%	$52.3M	$82.8M	125x	as long as short