Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Bybit−0.121%7-day average −0.001% · 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−$28as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.144%+$14 · spread now −0.121%, 7d avg −0.001%

Together, before fees+0.221%+ Points / potential airdropLighter RH: Points live · farm board+$22 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 0.120% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	119.39	0.0100	pay 0.0100% / 8h	1h 22m	$825.7M	$1.28B	100x
Short	Lighter RH SOL	119.25	0.0096	get 0.0012% / 1h	22m 23s	$2.1M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$0.84
Price spread: −0.121% → −0.001%: −$11.99
Slippage, 4 orders: −$4.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$28.78
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Lighter RH: live order book, 2 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 Bybit live order book, 2 min ago	0.42 bp	5.9 bp −$6	6.3 bp −$63	9.1 bp −$907	18.0 bp −$9,009
Sell Lighter RH live order book, 2 min ago	2.06 bp	2.1 bp −$2	2.3 bp −$23	22.1 bp −$2,213	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
Bluefin SOL-PERP	−0.0467%	1h	119.35	−0.034%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.15	−0.200%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.32	−0.061%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.28	−0.096%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0005% / S +0.0004%	1h	119.38	−0.010%	$106K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.25	−0.113%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.31	−0.064%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.35	−0.037%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.40	+0.008%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.18	−0.176%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0067%	1h	119.31	−0.067%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.38	−0.008%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0071%	1h	119.31	−0.067%	$26.7M	$27.7M	50x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.38	−0.008%	$104K	$154K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.37	−0.013%	—	$374.2M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.27	−0.103%	$232.2M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	119.33	−0.050%	$871.5M	$684.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.26	−0.106%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	119.25	−0.121%	$2.1M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	119.20	−0.160%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.25	−0.121%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.32	−0.059%	$47K	$796K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.35	−0.033%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.43	+0.034%	$719.5M	$416.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.35	−0.034%	$178.7M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	−0.068%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	−0.017%	$986.1M	$3.81B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	119.39	long leg	$825.7M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.36	−0.025%	$371.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	−0.126%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.41	+0.014%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.196%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.34	−0.042%	$453.9M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.34	−0.039%	$140.3M	$202.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.34	−0.041%	$495.9M	$455.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.27	−0.101%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.27	−0.100%	$27.9M	$128.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.205%	$95.7M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	−0.017%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.24	−0.126%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.32	−0.059%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.33	−0.050%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.33	−0.054%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.111%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.25	−0.117%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.27	−0.101%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.30	−0.073%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.30	−0.080%	$8.1M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.28	−0.092%	—	$223.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.25	−0.119%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.37	−0.020%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.33	−0.049%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.40	+0.006%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	−0.008%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.26	−0.109%	$52.2M	$82.8M	125x	as long as short