Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Binance+0.061%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

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

costs, in and out, $10k−$130.132% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.061%, 7d avg −0.003%

Together, before fees−0.005%+ Points / potential airdropLighter RH: Points live · farm board−$1 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 0.064% dearer against Binance than usual: you sell high and buy low, +$6 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	Binance SOLUSDT	117.44	0.0100	pay 0.0100% / 8h	6h 06m	$968.0M	$3.76B	100x
Short	Lighter RH SOL	117.51	0.0096	get 0.0012% / 1h	6m 00s	$2.1M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$0.84
Price spread: +0.061% → −0.003%: $6.37
Slippage, 4 orders: −$3.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.7
Costs to cover: 0.132%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Lighter RH: live order book, 3 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 Binance live order book, 8 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	8.5 bp −$848	15.7 bp −$7,852
Sell Lighter RH live order book, 3 min ago	1.19 bp	1.2 bp −$1	2.1 bp −$21	19.7 bp −$1,970	doesn't fit

SOL on 54 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	117.56	+0.105%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.48	+0.035%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.52	+0.070%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.53	+0.076%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	+0.117%	$1.4M	$20.4M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.57	+0.113%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.48	+0.031%	$2.0M	$2.8M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0034%	1h	117.57	+0.113%	$26.4M	$25.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.53	+0.076%	$100K	$690K	20x	as long as short
HTX SOL-USDT	+0.0041%	8h	117.44	−0.003%	$228.2M	$45.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.53	+0.075%	$31.5M	$98.6M	100x	as long as short
Gate SOL_USDT	+0.0059%	8h	117.52	+0.067%	$847.7M	$667.0M	100x	as long as short
ApeX Omni SOLUSDT	+0.0068%	1h	117.31	−0.111%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.55	+0.090%	$8.0M	$405.7M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.49	+0.038%	—	$369.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.56	+0.104%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.53	+0.075%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.51	+0.061%	$2.1M	$16.8M	25x
01 Exchange SOLUSD	+0.0096%	1h	117.57	+0.110%	$104K	$157K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.55	+0.092%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.53	+0.079%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.50	+0.050%	$67K	$846K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.51	+0.063%	$5.8M	$40.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.52	+0.071%	$176.4M	$178.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.59	+0.127%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	117.44	long leg	$968.0M	$3.76B	100x
Bybit SOLUSDT	+0.0100%	8h	117.45	+0.008%	$819.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.45	+0.008%	$366.5M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.31	−0.111%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.55	+0.090%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.072%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.53	+0.076%	$423.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.52	+0.070%	$130.5M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.44	+0.002%	$486.8M	$437.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.49	+0.042%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	+0.071%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.33	−0.097%	$94.2M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.36	−0.071%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.41	−0.026%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.53	+0.076%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.55	+0.096%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.54	+0.082%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.54	+0.087%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.53	+0.076%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.54	+0.084%	$45.8M	$101.0M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.64	+0.170%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.51	+0.056%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.55	+0.090%	—	$223.5M	500x	as long as short
Hyperliquid SOL	+0.0119%	1h	117.57	+0.110%	$719.0M	$393.7M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.52	+0.064%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	+0.008%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.52	+0.069%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0351%	1h	117.58	+0.121%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	+0.110%	$128K	$3.8M	8.3x	as long as short