Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Aster−0.041%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$110.111% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.041%, 7d avg −0.003%

Together, before fees+0.096%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$10 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: Lighter RH is 0.038% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOLUSDT	118.78	0.0100	pay 0.0100% / 8h	2h 39m	$178.9M	$174.6M	100x
Short	Lighter RH SOL	118.74	0.0096	get 0.0012% / 1h	39m 40s	$2.0M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$0.84
Price spread: −0.041% → −0.003%: −$3.8
Slippage, 4 orders: −$3.11
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.76
Costs to cover: 0.111%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter RH: live order book, 4 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	0.42 bp	4.4 bp −$4	4.4 bp −$44	4.5 bp −$446	25.3 bp −$12.6K
Sell Lighter RH live order book, 4 min ago	1.14 bp	1.1 bp −$1	1.7 bp −$17	18.2 bp −$1,816	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.089%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.69	−0.076%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.72	−0.056%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	−0.028%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0035%	1h	118.82	+0.032%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.78	−0.004%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.79	+0.008%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.78	−0.004%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.73	−0.044%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0039%	1h	118.74	−0.037%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	118.83	+0.042%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	−0.005%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0069%	8h	118.66	−0.109%	$231.2M	$43.7M	75x	as long as short
BingX SOL-USDT	+0.0070%	8h	118.64	−0.122%	—	$371.7M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.68	−0.088%	$104K	$151K	20x	as long as short
Gate SOL_USDT	+0.0082%	8h	118.67	−0.096%	$856.9M	$678.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.74	−0.034%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	118.74	−0.041%	$2.0M	$16.7M	25x
KuCoin SOLUSDTM	+0.0096%	8h	118.75	−0.027%	$143.5M	$196.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.83	+0.039%	$123K	$606K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.73	−0.043%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	−0.107%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.66	−0.105%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.033%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.83	+0.038%	$716.5M	$412.5M	20x	as long as short
Aster SOLUSDTlong	+0.0100%	8h	118.78	long leg	$178.9M	$174.6M	100x
Pacifica SOL	+0.0100%	1h	118.74	−0.036%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.70	−0.075%	$970.5M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.70	−0.071%	$820.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.65	−0.113%	$369.6M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.76	−0.020%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	−0.054%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.69	−0.079%	$466.5M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.65	−0.116%	$495.4M	$448.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.86	+0.064%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.024%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.77	−0.012%	$95.4M	$397.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.66	−0.106%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.77	−0.012%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.77	−0.012%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.75	−0.026%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.77	−0.016%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.76	−0.022%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.76	−0.020%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.82	+0.030%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.063%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.62	−0.140%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.86	+0.065%	$8.1M	$414.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	−0.007%	—	$217.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.114%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	0.000%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.68	−0.087%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.77	−0.015%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	−0.029%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.84	+0.043%	$36.1M	$89.7M	100x	as long as short