Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.037%

Price spread now: Lighter RH against BloFin+0.001%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)+0.694%+$69 · spread now +0.001%, 7d avg +0.006%

Together, before fees+0.497%+ Points / potential airdropLighter RH: Points live · farm board+$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	117.14	0.0220	pay 0.0220% / 8h	5h 39m	$51.6M	$70.9M	125x
Short	Lighter RH SOL	117.14	0.0096	get 0.0012% / 1h	39m 08s	$2.1M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$26.04
Price spread: +0.001% → +0.006%: −$0.55
Slippage, 4 orders: −$3.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$41.91
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Lighter RH: live order book, 5 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 BloFin live order book, 5 min ago	0.43 bp	6.4 bp −$6	6.7 bp −$67	8.7 bp −$868	15.8 bp −$7,891
Sell Lighter RH live order book, 5 min ago	1.24 bp	1.2 bp −$1	2.1 bp −$21	18.0 bp −$1,804	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
Hotstuff SOL-PERP	−0.0080%	1h	117.34	+0.171%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.21	+0.057%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.15	+0.006%	$31.5M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.08	−0.054%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.19	+0.043%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.25	+0.092%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.15	+0.012%	$1.4M	$19.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0011%	1h	117.18	+0.034%	$26.3M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.22	+0.068%	$100K	$163K	20x	as long as short
HTX SOL-USDT	+0.0063%	8h	117.16	+0.014%	$227.6M	$45.5M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.35	+0.178%	$101K	$689K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.16	+0.018%	$8.0M	$402.0M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.11	−0.028%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.16	+0.014%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.15	+0.006%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.14	+0.001%	$2.1M	$16.2M	25x
Aevo SOL-PERP	+0.0096%	1h	117.14	+0.004%	$343K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.22	+0.068%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.26	+0.099%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.22	+0.064%	$5.8M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.15	+0.011%	$176.4M	$178.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.27	+0.108%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.15	+0.009%	$964.2M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.16	+0.014%	$819.7M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.18	+0.034%	$365.0M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	+0.205%	$238K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.23	+0.079%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.265%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.15	+0.009%	$855.9M	$647.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.15	+0.009%	$423.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.16	+0.019%	$129.7M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.14	+0.003%	$485.5M	$432.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.14	0.000%	$23.6M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.24	+0.087%	$24.3M	$117.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.31	+0.149%	$94.2M	$398.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.274%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.39	+0.210%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.36	+0.188%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.22	+0.068%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.19	+0.044%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.14	0.000%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.17	+0.026%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.13	−0.009%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.16	+0.017%	$45.6M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.11	−0.023%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.33	+0.158%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.205%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.29	+0.130%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0161%	1h	117.28	+0.120%	$716.3M	$391.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.22	+0.064%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.205%	$4K	$2K	12x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	117.14	long leg	$51.6M	$70.9M	125x
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.18	+0.037%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0385%	1h	117.38	+0.205%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.23	+0.081%	$127K	$3.8M	8.3x	as long as short