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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.033%
Price spread now: Lighter against ApeX Omni+0.029%78s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$130.135% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.304%+$30 on $10k
Price spread, last 7 days+0.010%+$1 · spread now +0.029%, 7d avg +0.007%
Together, before fees+0.314%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.021% dearer against ApeX Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.007%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SOLUSDT118.77−0.0100get 0.0013% / 1h46m 14s$1.5M$6.2M50x
ShortLighter SOL118.810.0096get 0.0012% / 1h46m 14s$13.4M$53.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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
$41.23
Price spread: +0.029% → +0.007%
$2.11
Slippage, 4 orders
−$3.46
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$29.88
Costs to cover
0.135%
Break-even
1.9 days
Slippage from ApeX Omni: live order book, 3 min ago; Lighter: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 3 min ago0.84 bp5.8 bp −$68.8 bp −$8872.3 bp −$7,233doesn't fit
Sell Lighter live order book, 8 min ago0.55 bp1.1 bp −$12.6 bp −$268.9 bp −$89125.4 bp −$12.7K

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
Injective SOL/USDC PERP−0.0151%1h118.89+0.099%$4K$2K12xas long as short
Derive SOL-PERP−0.0104%1h118.75−0.022%$2.0M$3.2M13xas long as short
ApeX Omni SOLUSDTlong−0.0100%1h118.77long leg$1.5M$6.2M50x
Vest SOL-PERP−0.0081%1h118.81+0.031%$726K20xas long as short
Hotstuff SOL-PERP−0.0080%1h118.87+0.085%$843$8K25xas long as short
Aftermath Perps SOLUSD−0.0052%1h118.91+0.119%$24K$48K20xas long as short
dYdX SOL-USD−0.0006%1h118.86+0.073%$4.9M$26.8M20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h118.86+0.075%$48K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.88+0.089%$1.2M$20.8M3.1xas long as short
Perpl SOL0.0000%43m118.87+0.083%$180K$4.1M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL0.0000%1h118.86+0.077%$26.7M$27.7M50xas long as short
Orderly PERP_SOL_USDC+0.0058%8h118.84+0.058%$1.1M$5.9M100xas long as short
01 Exchange SOLUSD+0.0072%1h118.91+0.115%$105K$153K20xas long as short
HTX SOL-USDT+0.0074%8h118.80+0.019%$231.5M$43.6M75xas long as short
Gate SOL_USDT+0.0083%8h118.85+0.065%$858.1M$676.3M100xas long as short
KuCoin SOLUSDTM+0.0093%8h118.83+0.050%$143.9M$196.9M75xas long as short
Lighter SOLshort+0.0096%1h118.81+0.029%$13.4M$53.1M25x
Lighter RH SOL+0.0096%1h118.79+0.011%$2.0M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h118.81+0.029%$353K$741K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h118.85+0.065%$1.0M$525K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.90+0.107%$46K$785K20xas long as short
Nado SOL-PERP+0.0100%1h118.83+0.049%$5.5M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h118.95+0.149%$717.3M$424.4M20xas long as short
Aster SOLUSDT+0.0100%8h118.85+0.063%$179.2M$173.5M100xas long as short
Pacifica SOL+0.0100%1h118.87+0.078%$12.4M$113.8M20xas long as short
Binance SOLUSDT+0.0100%8h118.78+0.008%$971.0M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h118.81+0.029%$821.4M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.78+0.006%$370.2M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.92+0.124%$233K$862K10xas long as short
Arcus SOL-USD+0.0100%1h118.93+0.131%$1.9M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h118.88+0.091%$133.2M$12.7M20xas long as short
MEXC SOL_USDT+0.0100%8h118.79+0.014%$466.0M$1.07B300xas long as short
Bitget SOLUSDT+0.0100%8h118.78+0.008%$495.8M$448.8M100xas long as short
BingX SOL-USDT+0.0100%8h118.83+0.051%$372.3Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.84+0.056%$24.3M$37.9M50xas long as short
Variational Omni SOL+0.0100%8h118.86+0.070%$28.3M$126.8Mas long as short
edgeX SOLUSDC+0.0100%4h118.79+0.017%$95.4M$396.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.77−0.004%$48.6M$33.1M20xas long as short
StandX SOL-USD+0.0100%1h118.96+0.157%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.85+0.065%$361K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.83+0.044%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.84+0.057%$37K$15K25xas long as short
SunX SOL-USDT+0.0100%8h118.80+0.026%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.80+0.023%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.82+0.040%$46.4M$100.0M50xas long as short
Extended SOL-USD+0.0104%1h118.79+0.014%$8.6M$37.3M50xas long as short
Hibachi SOL/USDT-P+0.0112%1h118.87+0.079%$123K$606K20xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0048%1h118.89+0.096%$218.3M500xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h118.85+0.065%$8.1M$413.7M50xas long as short
Phoenix SOL+0.0154%1h118.99+0.183%$6.7M$12.5M25xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0091%1h118.86+0.070%$3.6M200xas long as short
RISEx SOL/USDC+0.0175%1h118.92+0.127%$1.6M$6.1M20xas long as short
Reya SOLRUSDPERP+0.0180%1h118.84+0.058%$1.1M$557K25xas long as short
BloFin SOL-USDT+0.0220%8h118.81+0.031%$51.7M$87.1M125xas long as short
Kraken Futures PF_SOLUSD+0.0224%1h118.81+0.034%$36.1M$89.9M100xas long as short