Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: edgeX against Paradex−0.099%52s7-day average +0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.207% of the position

Long on Paradex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.592%+$59 · spread now −0.099%, 7d avg +0.016%

Together, before fees+0.575%+ Points / potential airdropParadex: Active · edgeX: Active · farm board+$57 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: edgeX is 0.115% cheaper against Paradex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.55	0.0100	pay 0.0100% / 8h	5h 58m	$1.0M	$518K	50x
Short	edgeX SOLUSDC	117.44	0.0100	get 0.0050% / 4h	1h 58m	$94.3M	$405.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0.05
Price spread: −0.099% → +0.016%: −$11.47
Slippage, 4 orders: −$7.65
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.07
Costs to cover: 0.207%
Break-even: 4991.5 days

Slippage from Paradex: live order book, 1 min ago; edgeX: 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 Paradex live order book, 1 min ago	1.70 bp	3.7 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	2.13 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$672	10.4 bp −$5,190

SOL on 54 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	117.59	+0.037%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.41	−0.118%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.43	−0.102%	$31.5M	$98.4M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.43	−0.104%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.51	−0.036%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.56	+0.007%	$1.4M	$20.1M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.36	−0.162%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0035%	8h	117.34	−0.178%	$228.1M	$45.4M	75x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	117.52	−0.027%	$100K	$162K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.44	−0.092%	$8.0M	$403.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0068%	1h	117.47	−0.065%	$26.4M	$25.4M	50x	as long as short
Lighter SOL	+0.0072%	1h	117.43	−0.104%	$13.1M	$58.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.55	−0.003%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0080%	8h	117.42	−0.112%	$849.2M	$641.0M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.33	−0.186%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.44	−0.094%	$1.0M	$5.8M	100x	as long as short
Lighter RH SOL	+0.0096%	1h	117.42	−0.116%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.44	−0.098%	$344K	$225K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.55	long leg	$1.0M	$518K	50x
Katana Perps SOL-USD	+0.0100%	8h	117.49	−0.053%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.44	−0.091%	$5.8M	$40.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.44	−0.098%	$176.2M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.55	−0.006%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.33	−0.193%	$967.3M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.33	−0.193%	$819.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.30	−0.214%	$365.8M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.155%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.51	−0.033%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.38	−0.146%	$422.4M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.39	−0.142%	$130.3M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.34	−0.180%	$486.5M	$434.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.38	−0.146%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	−0.083%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.44	−0.099%	$94.3M	$405.0M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.108%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.44	−0.095%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.53	−0.019%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.46	−0.078%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.42	−0.109%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.42	−0.113%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.43	−0.104%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.43	−0.104%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.42	−0.112%	$45.7M	$100.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.082%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	−0.019%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.27	−0.238%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.55	−0.004%	—	$221.7M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.55	+0.002%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0139%	1h	117.47	−0.070%	$716.8M	$395.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.41	−0.123%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	−0.087%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	117.42	−0.113%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0362%	1h	117.51	−0.038%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	+0.013%	$128K	$3.8M	8.3x	as long as short