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 against edgeX+0.198%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.181%−$18 · spread now +0.198%, 7d avg +0.027%

Together, before fees−0.218%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · 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 is 0.172% dearer against edgeX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	118.93	0.0100	pay 0.0050% / 4h	2h 54m	$95.5M	$395.2M	75x
Short	Lighter SOL	119.17	0.0096	get 0.0012% / 1h	54m 49s	$13.5M	$52.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$0.84
Price spread: +0.198% → +0.027%: $17.15
Slippage, 4 orders: −$5.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.68
Costs to cover: 0.146%
Break-even: from the start

Slippage from edgeX: live order book, 4 min ago; Lighter: 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 edgeX live order book, 4 min ago	2.10 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$668	10.2 bp −$5,098
Sell Lighter live order book, 4 min ago	0.63 bp	0.8 bp −$1	1.7 bp −$17	5.8 bp −$577	15.7 bp −$7,872

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	118.68	−0.210%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	−0.0084%	1h	119.05	+0.099%	$24K	$47K	20x	as long as short
Vest SOL-PERP	−0.0083%	1h	119.05	+0.103%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	+0.092%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	119.11	+0.148%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.19	+0.215%	$50K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.07	+0.117%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	119.11	+0.148%	$191K	$4.1M	8.3x	as long as short
Orderly PERP_SOL_USDC	+0.0056%	8h	119.19	+0.220%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	119.14	+0.176%	$104K	$152K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0070%	8h	119.04	+0.089%	$232.0M	$43.7M	75x	as long as short
Gate SOL_USDT	+0.0082%	8h	118.97	+0.034%	$858.9M	$673.3M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	119.01	+0.068%	$145.3M	$197.3M	75x	as long as short
Lighter SOLshort	+0.0096%	1h	119.17	+0.198%	$13.5M	$52.8M	25x
Lighter RH SOL	+0.0096%	1h	119.17	+0.201%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.17	+0.201%	$354K	$746K	20x	as long as short
Bitget SOLUSDT	+0.0097%	8h	118.94	+0.007%	$496.5M	$451.5M	100x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	119.05	+0.105%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	+0.160%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.07	+0.114%	$5.6M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.05	+0.101%	$718.5M	$423.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.11	+0.153%	$179.8M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.09	+0.134%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.97	+0.032%	$976.8M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.99	+0.050%	$823.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.95	+0.017%	$369.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.97	+0.034%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.12	+0.162%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.132%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.98	+0.042%	$472.6M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.98	+0.039%	—	$372.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.19	+0.219%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	+0.121%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	118.93	long leg	$95.5M	$395.2M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.07	+0.119%	$48.7M	$33.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	+0.050%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	+0.109%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.15	+0.185%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.15	+0.183%	$201K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.18	+0.211%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.04	+0.095%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.18	+0.210%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.11	+0.151%	$46.5M	$99.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	119.25	+0.272%	$26.8M	$27.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.96	+0.025%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0104%	8h	119.14	+0.176%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.23	+0.251%	$8.1M	$415.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	119.02	+0.079%	$123K	$621K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.07	+0.115%	—	$217.6M	500x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.185%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.12	+0.161%	$1.6M	$6.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.15	+0.184%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.18	+0.210%	$52.0M	$91.2M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.20	+0.224%	$36.1M	$89.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.18	+0.210%	$3.6M	—	200x	as long as short