Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.012%

Price spread now: GMX against Paradex−0.010%7-day average +0.026% · you buy dearer than you sell

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

Long on Paradex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.010%, 7d avg +0.026%

Together, before fees−0.013%+ Points / potential airdropParadex: Active · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.036% cheaper against Paradex than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.36	0.0100	pay 0.0100% / 8h	5h 56m	$1.0M	$554K	50x
Short	GMX SOL/USD [SOL-USDC]	117.35	L +0.0231% / S −0.0171%	get 0.0021% / 1h	56m 17s	$3.5M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $15.08
Price spread: −0.010% → +0.026%: −$3.57
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.49
Costs to cover: 0.160%
Break-even: 9.1 days

Slippage unknown: Paradex: live order book, 1 min ago; GMX: no order-book sample. 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 Paradex live order book, 1 min ago	1.53 bp	3.5 bp −$4	9.5 bp −$95	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 54 exchanges

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
Hibachi SOL/USDT-P	−0.0264%	1h	117.37	+0.004%	$100K	$647K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.062%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0052%	8h	117.28	−0.070%	$734.9M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0008%	1h	117.34	−0.019%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	−0.011%	$41K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.35	−0.011%	$9.3M	$17.9M	20x	as long as short
Perpl SOL	0.0000%	43m	117.35	−0.008%	$99K	$2.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.35	−0.013%	$26.4M	$18.5M	50x	as long as short
Vest SOL-PERP	+0.0008%	1h	117.29	−0.060%	—	$272K	20x	as long as short
Bitget SOLUSDT	+0.0029%	8h	117.28	−0.069%	$482.8M	$398.2M	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.32	−0.035%	$8.4M	$369.8M	50x	as long as short
Aster SOLUSDT	+0.0043%	8h	117.28	−0.070%	$177.9M	$155.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0051%	8h	117.27	−0.081%	$996K	$5.2M	100x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.33	−0.028%	$101K	$181K	20x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.22	−0.118%	$348K	$258K	20x	as long as short
Binance SOLUSDT	+0.0082%	8h	117.28	−0.070%	$971.5M	$3.43B	100x	as long as short
MEXC SOL_USDT	+0.0082%	8h	117.27	−0.079%	$430.7M	$910.5M	300x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.33	−0.026%	$32.6M	$92.1M	100x	as long as short
Gate SOL_USDT	+0.0092%	8h	117.27	−0.079%	$843.1M	$584.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.31	−0.048%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.37	+0.006%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.36	long leg	$1.0M	$554K	50x
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.053%	$45K	$879K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	−0.048%	$5.7M	$39.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.41	+0.038%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.28	−0.070%	$361.9M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.27	−0.079%	$223K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.39	+0.022%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	−0.013%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.29	−0.059%	$134.5M	$228.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.28	−0.071%	—	$333.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.011%	$23.3M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.25	−0.098%	$25.1M	$100.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.24	−0.106%	$94.1M	$381.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	−0.011%	$48.0M	$25.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.37	+0.005%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	−0.062%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.28	−0.070%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.30	−0.049%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.28	−0.068%	$27K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.31	−0.048%	$191K	$1.5M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.36	−0.005%	$227.0M	$41.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.31	−0.045%	$45.5M	$99.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0100%	8h	117.36	−0.001%	$1.3M	$15.8M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.23	−0.116%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.30	−0.056%	—	$210.5M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.51	+0.126%	$6.6M	$11.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.26	−0.085%	$1.1M	$93K	25x	as long as short
Hyperliquid SOL	+0.0201%	1h	117.41	+0.040%	$723.5M	$366.4M	20x	as long as short
BloFin SOL-USDT	+0.0203%	8h	117.33	−0.028%	$51.6M	$57.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.437%	$4K	$117	12x	as long as short
GMX SOL/USD [SOL-USDC]short	L +0.0231% / S −0.0171%	1h	117.35	−0.010%	$3.5M	—	200x
RISEx SOL/USDC	+0.0250%	1h	117.35	−0.012%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0383%	1h	117.35	−0.014%	$25K	$52K	20x	as long as short