Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.004%

Price spread now: Extended against Paradex−0.086%7-day average −0.032% · 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−$19as in the Price arb table

costs, in and out, $10k−$140.135% of the position

Long on Paradex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days−0.219%−$22 · spread now −0.086%, 7d avg −0.032%

Together, before fees−0.205%+ Points / potential airdropParadex: Active · Extended: Active · farm board−$21 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: Extended is 0.054% cheaper against Paradex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.86	0.0099	pay 0.0099% / 8h	1h 57m	$1.0M	$551K	50x
Short	Extended SOL-USD	116.76	0.0104	get 0.0013% / 1h	57m 24s	$8.1M	$39.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.086%Rate

Funding earned: $1.1
Price spread: −0.086% → −0.032%: −$5.42
Slippage, 4 orders: −$4.53
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.85
Costs to cover: 0.135%
Break-even: 120.2 days

Slippage from Paradex: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	1.84 bp	3.8 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.43 bp	2.9 bp −$3	2.9 bp −$29	6.3 bp −$634	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
Bybit SOLUSDT	−0.0105%	8h	116.75	−0.096%	$739.2M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.060%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.86	−0.003%	$100K	$681K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.85	−0.009%	$33.0M	$104.0M	100x	as long as short
Vest SOL-PERP	−0.0027%	1h	116.83	−0.030%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.80	−0.054%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.84	−0.020%	$42K	—	150x	as long as short
Lighter RH SOL	0.0000%	1h	116.83	−0.028%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	0.0000%	1h	116.89	+0.020%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.01	+0.126%	$1.5M	$19.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	116.82	−0.034%	$110K	$3.6M	8.3x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.86	−0.003%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.90	+0.028%	$8.0M	$407.0M	50x	as long as short
Bitget SOLUSDT	+0.0057%	8h	116.75	−0.093%	$481.3M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.85	−0.011%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0092%	8h	116.78	−0.076%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.87	+0.002%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.81	−0.046%	$351K	$247K	20x	as long as short
Aster SOLUSDT	+0.0098%	8h	116.81	−0.041%	$176.1M	$176.5M	100x	as long as short
Paradex SOL-USD-PERPlong	+0.0099%	8h	116.86	long leg	$1.0M	$551K	50x
Katana Perps SOL-USD	+0.0099%	8h	116.79	−0.063%	$64K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.84	−0.017%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.94	+0.066%	$701.0M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.90	+0.031%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.82	−0.037%	$970.4M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.77	−0.080%	$371.4M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.83	−0.028%	$219K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.83	−0.029%	$907K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.158%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.80	−0.054%	$847.7M	$661.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.85	−0.011%	$365.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.81	−0.047%	$129.0M	$232.0M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.81	−0.041%	—	$372.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.84	−0.020%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	0.000%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.81	−0.048%	$93.8M	$409.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	+0.042%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	+0.074%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.108%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.81	−0.046%	$315K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.85	−0.012%	$236K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.79	−0.066%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.00	+0.114%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.85	−0.016%	$226.3M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.86	−0.003%	$45.4M	$105.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	116.93	+0.055%	$26.5M	$22.1M	50x	as long as short
Extended SOL-USDshort	+0.0104%	1h	116.76	−0.086%	$8.1M	$39.2M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.88	+0.014%	—	$235.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.194%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.94	+0.066%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.80	−0.054%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	−0.037%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.84	−0.024%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.90	+0.029%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.94	+0.064%	$25K	$56K	20x	as long as short