Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: Lighter RH against edgeX+0.432%7-day average +0.021% · 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+$25as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days−0.399%−$40 · spread now +0.432%, 7d avg +0.021%

Together, before fees−0.414%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$41 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 0.411% dearer against edgeX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	116.15	0.0100	pay 0.0050% / 4h	3h 22m	$93.3M	$405.2M	75x
Short	Lighter RH SOL	116.65	0.0096	get 0.0012% / 1h	22m 47s	$2.2M	$14.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.432%Rate

Funding earned: −$0.84
Price spread: +0.432% → +0.021%: $41.05
Slippage, 4 orders: −$7.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $24.05
Costs to cover: 0.162%
Break-even: from the start

Slippage from edgeX: live order book, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago	2.15 bp	6.6 bp −$7	6.6 bp −$66	6.8 bp −$676	10.2 bp −$5,110
Sell Lighter RH live order book, 6 min ago	0.30 bp	2.6 bp −$3	3.3 bp −$33	21.6 bp −$2,164	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	116.53	+0.336%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.276%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.74	+0.510%	$32.4M	$103.8M	100x	as long as short
Bybit SOLUSDT	−0.0024%	8h	116.68	+0.460%	$730.1M	$1.37B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	+0.426%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.66	+0.445%	$1.4M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.64	+0.429%	$100K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0004%	1h	116.50	+0.304%	—	$640K	20x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.24	+0.080%	$7.5M	$24.4M	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.69	+0.466%	$481.8M	$440.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.72	+0.499%	$7.8M	$389.8M	50x	as long as short
Aster SOLUSDT	+0.0051%	8h	116.66	+0.443%	$177.0M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.66	+0.443%	$1.0M	$5.7M	100x	as long as short
Phemex SOLUSDT	+0.0069%	8h	116.65	+0.435%	$45.3M	$102.9M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	116.64	+0.426%	$844.4M	$617.4M	100x	as long as short
SoDEX SOL-USD	+0.0087%	1h	116.69	+0.469%	$6.0M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.67	+0.453%	$13.1M	$56.3M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	116.65	+0.432%	$2.2M	$14.9M	25x
Aevo SOL-PERP	+0.0096%	1h	116.64	+0.422%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.52	+0.324%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.49	+0.297%	$59K	$905K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	+0.327%	$5.4M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.80	+0.564%	$701.4M	$387.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.57	+0.367%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	+0.452%	$962.1M	$3.79B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	+0.486%	$365.9M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	+0.280%	$217K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.55	+0.352%	$947K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.62	+0.409%	$409.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.65	+0.438%	$130.1M	$236.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.62	+0.410%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	+0.452%	$22.9M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.98	−0.140%	$24.7M	$104.1M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.15	long leg	$93.3M	$405.2M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.18	+0.033%	$47.6M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.01	−0.120%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.31	+0.142%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	+0.391%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.440%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.51	+0.317%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	+0.421%	$225.8M	$50.2M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.76	−0.335%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.59	+0.380%	$8.1M	$35.6M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.57	+0.366%	$100K	$185K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	+0.353%	—	$227.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.08	−0.056%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.75	+0.521%	$26.2M	$21.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	116.40	+0.223%	$104K	$677K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.168%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.58	+0.376%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	+0.443%	$52.3M	$62.3M	125x	as long as short
Bluefin SOL-PERP	+0.0229%	1h	116.64	+0.429%	$27K	$36K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	+0.441%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0403%	1h	116.24	+0.082%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.57	+0.364%	$2.2M	$4.8M	20x	as long as short