Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment $0.19 per $10,000 · paid last 24h −0.005%
Price spread now: Orderly against Paradex+0.042%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.012%−$1 on $10k
Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.042%, 7d avg +0.003%
Together, before fees−0.141%+ Points / potential airdropParadex: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.039% dearer against Paradex than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.003%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex SOL-USD-PERP118.950.0100pay 0.0100% / 8h7h 34m$1.0M$520K50x
ShortOrderly PERP_SOL_USDC119.000.0081get 0.0081% / 8h7h 34m$1.0M$5.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$3.98
Price spread: +0.042% → +0.003%
$3.9
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$10.08
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Paradex: live order book, 5 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 5 min ago1.81 bp3.8 bp −$49.6 bp −$96doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0190%1h118.99+0.031%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h118.96+0.005%$843$8K25xas long as short
Vest SOL-PERP−0.0076%1h118.92−0.028%$608K20xas long as short
Derive SOL-PERP−0.0062%1h118.91−0.038%$2.0M$2.7M13xas long as short
HTX SOL-USDT−0.0040%8h118.92−0.032%$231.4M$43.9M75xas long as short
dYdX SOL-USD−0.0020%1h118.98+0.022%$5.0M$25.7M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h119.02+0.055%$32.4M$96.5M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.00+0.039%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.00+0.038%$1.2M$20.3M3.1xas long as short
Perpl SOL0.0000%43m118.99+0.031%$154K$3.9M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex SOLUSDT+0.0016%8h118.95−0.003%$46.6M$100.4M50xas long as short
01 Exchange SOLUSD+0.0040%1h119.02+0.056%$104K$159K20xas long as short
Hibachi SOL/USDT-P+0.0064%1h119.04+0.073%$102K$656K20xas long as short
BingX SOL-USDC+0.0080%8h118.96+0.005%$10.6Mas long as short
Orderly PERP_SOL_USDCshort+0.0081%8h119.00+0.042%$1.0M$5.9M100x
Coinbase International SOL-PERP-INTX+0.0088%1h119.03+0.065%$8.1M$411.1M50xas long as short
Lighter SOL+0.0096%1h118.98+0.025%$14.2M$55.8M25xas long as short
Lighter RH SOL+0.0096%1h118.98+0.027%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h119.01+0.048%$349K$247K20xas long as short
Paradex SOL-USD-PERPlong+0.0100%8h118.95long leg$1.0M$520K50x
Katana Perps SOL-USD+0.0100%8h118.98+0.022%$47K$779K20xas long as short
Nado SOL-PERP+0.0100%1h118.98+0.027%$5.8M$40.9M40xas long as short
Aster SOLUSDT+0.0100%8h118.98+0.024%$179.3M$176.8M100xas long as short
Pacifica SOL+0.0100%1h118.99+0.029%$12.2M$123.9M20xas long as short
Binance SOLUSDT+0.0100%8h118.95−0.005%$979.3M$3.76B100xas long as short
Bybit SOLUSDT+0.0100%8h118.96+0.005%$823.6M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.00+0.039%$371.2M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.95−0.003%$233K$852K10xas long as short
Arcus SOL-USD+0.0100%1h118.97+0.016%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.80−0.129%$134.2M$6.7M20xas long as short
Gate SOL_USDT+0.0100%8h118.99+0.031%$860.0M$664.2M100xas long as short
MEXC SOL_USDT+0.0100%8h119.00+0.039%$428.9M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.01+0.046%$138.3M$202.5M75xas long as short
Bitget SOLUSDT+0.0100%8h118.98+0.027%$493.9M$441.3M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.02+0.056%$24.2M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h119.01+0.045%$27.0M$128.6Mas long as short
edgeX SOLUSDC+0.0100%4h118.90−0.041%$95.5M$404.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.81−0.119%$48.7M$29.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.01+0.047%$1.5M$6.1M50xas long as short
StandX SOL-USD+0.0100%1h118.86−0.079%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.98+0.022%$359K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.98+0.025%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.96+0.006%$193K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h119.00+0.039%$6.3M$10.8M20xas long as short
Hyperliquid SOL+0.0103%1h119.07+0.098%$721.7M$399.2M20xas long as short
Extended SOL-USD+0.0104%1h118.97+0.010%$8.6M$35.2M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0114%1h119.05+0.082%$26.6M$24.7M50xas long as short
Phoenix SOL+0.0114%1h118.97+0.014%$6.6M$13.6M25xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.01+0.045%$220.0M500xas long as short
RISEx SOL/USDC+0.0161%1h119.00+0.040%$1.8M$4.6M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0165% / S −0.0081%1h119.00+0.035%$3.7M200xas long as short
Aftermath Perps SOLUSD+0.0172%1h118.93−0.022%$25K$50K20xas long as short
Injective SOL/USDC PERP+0.0173%1h118.66−0.247%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0186%1h118.97+0.017%$1.1M$524K25xas long as short
BloFin SOL-USDT+0.0220%8h118.85−0.087%$51.7M$77.5M125xas long as short