Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.004%

Price spread now: Lighter against Aster+0.060%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$110.109% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.060%, 7d avg 0.000%

Together, before fees−0.042%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.060% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	116.18	0.0053	pay 0.0053% / 8h	7h 40m	$176.8M	$169.8M	100x
Short	Lighter SOL	116.25	0.0096	get 0.0012% / 1h	40m 28s	$13.0M	$56.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $9.05
Price spread: +0.060% → 0.000%: $5.97
Slippage, 4 orders: −$2.87
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.15
Costs to cover: 0.109%
Break-even: 3.8 days

Slippage from Aster: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 4 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	7.3 bp −$734	37.1 bp −$18.5K
Sell Lighter live order book, 8 min ago	0.34 bp	1.0 bp −$1	1.9 bp −$19	4.9 bp −$493	17.8 bp −$8,921

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	116.29	+0.093%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.30	+0.106%	$32.3M	$106.0M	100x	as long as short
Vest SOL-PERP	−0.0004%	1h	116.21	+0.022%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.26	+0.070%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.28	+0.086%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.31	+0.109%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.32	+0.121%	$103K	$3.4M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	116.33	+0.128%	$26.2M	$21.7M	50x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.19	+0.009%	$1.8M	$2.9M	13x	as long as short
Bybit SOLUSDT	+0.0018%	8h	116.18	0.000%	$730.3M	$1.40B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0025%	8h	116.21	+0.025%	$479.4M	$452.4M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.30	+0.101%	$7.8M	$393.7M	50x	as long as short
Aster SOLUSDTlong	+0.0053%	8h	116.18	long leg	$176.8M	$169.8M	100x
Orderly PERP_SOL_USDC	+0.0069%	8h	116.28	+0.083%	$1.0M	$5.9M	100x	as long as short
Gate SOL_USDT	+0.0075%	8h	116.25	+0.060%	$847.4M	$609.8M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.26	+0.068%	$6.1M	$11.0M	20x	as long as short
Lighter SOLshort	+0.0096%	1h	116.25	+0.060%	$13.0M	$56.0M	25x
Lighter RH SOL	+0.0096%	1h	116.23	+0.043%	$2.2M	$14.8M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	116.42	+0.206%	$100K	$683K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.26	+0.071%	$351K	$255K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.25	+0.060%	$1.0M	$554K	50x	as long as short
Phemex SOLUSDT	+0.0098%	8h	116.29	+0.094%	$45.2M	$103.5M	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.18	0.000%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.23	+0.043%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.36	+0.154%	$695.2M	$407.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.29	+0.093%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.19	+0.006%	$960.6M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.19	+0.008%	$365.7M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.16	−0.018%	$218K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.24	+0.049%	$918K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.24	+0.051%	$373.7M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.27	+0.073%	$129.7M	$237.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.25	+0.058%	—	$372.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.28	+0.086%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.24	+0.048%	$24.8M	$105.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.47	+0.248%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	+0.188%	$47.6M	$28.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.50	+0.279%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	+0.189%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.22	+0.034%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.29	+0.093%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.26	+0.069%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.35	+0.142%	$225.3M	$50.5M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.232%	$126.0M	$25.6M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.17	−0.005%	$8.2M	$36.3M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.23	+0.043%	$101K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.34	+0.133%	—	$231.0M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.60	+0.361%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.137%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.24	+0.055%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.26	+0.068%	$51.9M	$64.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.40	+0.188%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0412%	1h	116.41	+0.201%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.32	+0.118%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.1035%	1h	116.29	+0.091%	$27K	$37K	25x	as long as short