Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.003%

Price spread now: Paradex against StandX−0.124%7-day average −0.042% · 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−$34as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on StandX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.405%+$41 · spread now −0.124%, 7d avg −0.042%

Together, before fees+0.396%+ Points / potential airdropStandX: Active · Paradex: Active · farm board+$40 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: Paradex is 0.082% cheaper against StandX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SOL-USD	115.83	0.0100	pay 0.0013% / 1h	28m 07s	$1.3M	$12.0M	30x
Short	Paradex SOL-USD-PERP	115.69	0.0099	get 0.0099% / 8h	2h 28m	$1.0M	$550K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against StandX. 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 StandXbpFee ParadexbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$0.12
Price spread: −0.124% → −0.042%: −$8.21
Slippage, 4 orders: −$13.8
Fee StandX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.14
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Paradex: live order book, 1 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 StandX live order book, 1 min ago	3.89 bp	9.5 bp −$10	11.0 bp −$110	27.4 bp −$2,740	doesn't fit
Sell Paradex live order book, 1 min ago	1.77 bp	3.8 bp −$4	9.3 bp −$93	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	−0.0242%	1h	115.63	−0.173%	$31.6M	$103.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	115.87	+0.035%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0116%	8h	115.64	−0.166%	—	$368.1M	—	as long as short
Bybit SOLUSDT	−0.0115%	8h	115.60	−0.199%	$738.7M	$1.42B	100x	as long as short
Vest SOL-PERP	−0.0088%	1h	115.65	−0.156%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.18	+0.305%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.53	−0.258%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.61	−0.190%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.66	−0.142%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.67	−0.140%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0012%	1h	115.72	−0.094%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.65	−0.155%	$98K	$177K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0027%	1h	115.67	−0.137%	$26.2M	$22.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.66	−0.151%	$7.8M	$402.5M	50x	as long as short
Bitget SOLUSDT	+0.0067%	8h	115.63	−0.176%	$478.6M	$455.9M	100x	as long as short
Bullet SOL-USD	+0.0089%	1h	115.60	−0.196%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.63	−0.170%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.63	−0.173%	$12.9M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.62	−0.181%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.63	−0.177%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.63	−0.173%	$173.4M	$184.9M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.61	−0.190%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	115.69	−0.124%	$1.0M	$550K	50x
Nado SOL-PERP	+0.0100%	1h	115.65	−0.156%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.73	−0.086%	$685.1M	$400.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.71	−0.101%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.64	−0.164%	$961.6M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.63	−0.173%	$360.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.64	−0.164%	$215K	$869K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.68	−0.130%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.009%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.62	−0.181%	$838.3M	$667.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.64	−0.164%	$356.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.63	−0.174%	$124.3M	$229.5M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.65	−0.155%	$22.8M	$39.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.67	−0.141%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.77	−0.048%	$92.9M	$406.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.76	−0.061%	$47.4M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.81	−0.016%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USDlong	+0.0100%	1h	115.83	long leg	$1.3M	$12.0M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	115.60	−0.199%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.61	−0.186%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.63	−0.177%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.62	−0.181%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.60	−0.199%	$223.9M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.65	−0.155%	$45.0M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.56	−0.234%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.62	−0.179%	—	$239.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.622%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.87	+0.035%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.59	−0.210%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.73	−0.086%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.61	−0.192%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.71	−0.101%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0598%	1h	115.86	+0.029%	$25K	$53K	20x	as long as short