Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h +0.003%

Price spread now: Kraken Futures against Paradex+0.060%7-day average −0.005% · you sell dearer than you buy

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−$250.254% of the position

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.060%, 7d avg −0.005%

Together, before fees−0.133%+ Points / potential airdropParadex: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.065% dearer against Paradex than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.005%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 4 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	119.20	0.0100	pay 0.0100% / 8h	7h 25m	$1.0M	$520K	50x
Short	Kraken Futures PF_SOLUSD	119.27	−0.0014	pay 0.0002% / 1h	25m 51s	$32.4M	$96.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$23.89
Price spread: +0.060% → −0.005%: $6.49
Slippage, 4 orders: −$11.39
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$42.79
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Paradex: live order book, 3 min ago; Kraken Futures: live order book, 3 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, 3 min ago	2.48 bp	4.5 bp −$4	9.2 bp −$92	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.52 bp	8.3 bp −$8	9.2 bp −$92	13.3 bp −$1,332	24.4 bp −$12.2K

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
Hotstuff SOL-PERP	−0.0080%	1h	119.03	−0.144%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	119.10	−0.081%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	119.15	−0.042%	$2.0M	$2.7M	13x	as long as short
Bluefin SOL-PERP	−0.0042%	1h	119.23	+0.025%	$37K	$17K	25x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.14	−0.051%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0014%	1h	119.27	+0.060%	$32.4M	$96.5M	100x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.23	+0.021%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.10	−0.084%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.19	−0.011%	$154K	$3.8M	8.3x	as long as short
HTX SOL-USDT	+0.0005%	8h	119.17	−0.026%	$231.9M	$43.9M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOLUSDT	+0.0018%	8h	119.21	+0.008%	$46.7M	$99.8M	50x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	119.19	−0.009%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.09	−0.095%	$101K	$657K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.21	+0.011%	—	$366.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	119.24	+0.033%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.28	+0.070%	$8.1M	$410.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.22	+0.021%	$14.2M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.20	+0.002%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.23	+0.025%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	119.20	long leg	$1.0M	$520K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.16	−0.034%	$45K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.14	−0.047%	$5.9M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.32	+0.100%	$723.6M	$399.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.18	−0.019%	$179.8M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.20	−0.002%	$12.2M	$124.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.22	+0.016%	$981.6M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.25	+0.042%	$825.4M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.23	+0.025%	$371.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.03	−0.143%	$233K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.12	−0.067%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.07	−0.109%	$136.4M	$9.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	119.22	+0.016%	$855.0M	$667.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.20	0.000%	$432.7M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.19	−0.012%	$138.6M	$202.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.22	+0.019%	$494.8M	$440.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.20	0.000%	$24.2M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.24	+0.029%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.93	−0.230%	$95.5M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.95	−0.210%	$48.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.93	−0.227%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	−0.118%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.18	−0.017%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.20	0.000%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.22	+0.017%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.24	+0.033%	$6.3M	$10.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.052%	$8.6M	$35.0M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.19	−0.009%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.23	+0.025%	—	$219.2M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0145%	1h	119.29	+0.078%	$26.7M	$24.8M	50x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.18	−0.020%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.23	+0.021%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.160%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	+0.0181%	1h	119.04	−0.134%	$25K	$50K	20x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.17	−0.027%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.05	−0.126%	$51.9M	$76.3M	125x	as long as short