Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0447%/8h= +49.0% APRpaid last 24h +0.039%

Price spread now: RISEx against Paradex+0.055%7-day average +0.019% · 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−$12as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.105%+$10 on $10k

Price spread, last 7 days−0.337%−$34 · spread now +0.055%, 7d avg +0.019%

Together, before fees−0.233%+ Points / potential airdropParadex: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.035% dearer against Paradex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.105% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	117.04	0.0100	pay 0.0100% / 8h	2h 06m	$1.0M	$551K	50x
Short	RISEx SOL/USDC	117.10	0.0547	get 0.0068% / 1h	6m 59s	$2.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.055%Rate

Funding earned: $93.93
Price spread: +0.055% → +0.019%: $3.55
Slippage, 4 orders: −$5.63
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $81.84
Costs to cover: 0.156%
Break-even: 0.9 days

Slippage from Paradex: live order book, 2 min ago; RISEx: 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	1.92 bp	3.9 bp −$4	10.2 bp −$102	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.04 bp	3.2 bp −$3	6.8 bp −$68	doesn't fit	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
Kraken Futures PF_SOLUSD	−0.0239%	1h	117.08	+0.033%	$32.7M	$103.5M	100x	as long as short
BingX SOL-USDT	−0.0104%	8h	117.04	0.000%	—	$370.3M	—	as long as short
Bybit SOLUSDT	−0.0104%	8h	116.97	−0.060%	$742.3M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	117.06	+0.022%	$103K	$688K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.03	−0.006%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0037%	1h	117.01	−0.023%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.06	+0.018%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.08	+0.034%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.02	−0.014%	$111K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	117.04	+0.002%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Derive SOL-PERP	+0.0015%	1h	116.99	−0.039%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	117.06	+0.019%	$101K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	117.08	+0.032%	$7.8M	$407.8M	50x	as long as short
Bitget SOLUSDT	+0.0062%	8h	117.01	−0.020%	$482.4M	$461.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	117.08	+0.036%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.04	+0.002%	$13.1M	$61.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.04	−0.001%	$2.3M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.04	+0.004%	$352K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.97	−0.058%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERPlong	+0.0100%	8h	117.04	long leg	$1.0M	$551K	50x
Nado SOL-PERP	+0.0100%	1h	117.00	−0.035%	$5.4M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.14	+0.088%	$701.1M	$407.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.01	−0.022%	$176.4M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.07	+0.026%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.01	−0.025%	$973.3M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.02	−0.015%	$372.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.92	−0.100%	$218K	$880K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.05	+0.009%	$911K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.95	−0.075%	$125.5M	$23.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.04	+0.002%	$846.4M	$676.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.04	+0.002%	$357.2M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.04	+0.001%	$129.0M	$231.3M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.04	+0.002%	$23.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.88	−0.131%	$25.0M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.94	−0.087%	$93.9M	$409.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.92	−0.100%	$47.8M	$31.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.00	−0.033%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.02	−0.015%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.02	−0.015%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.04	+0.001%	$168K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.35	+0.267%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.05	+0.007%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.03	−0.006%	$6.2M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.04	+0.006%	$226.7M	$50.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.04	+0.002%	$45.5M	$105.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.00	−0.029%	$8.0M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.06	+0.023%	—	$237.9M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	117.12	+0.070%	$26.5M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	+0.045%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.98	−0.049%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.99	−0.039%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.01	−0.023%	$51.5M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.06	+0.019%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0508%	1h	116.84	−0.170%	$25K	$56K	20x	as long as short
RISEx SOL/USDCshort	+0.0547%	1h	117.10	+0.055%	$2.1M	$4.9M	20x