Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against GRVT+0.084%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$110.112% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.084%, 7d avg −0.021%

Together, before fees−0.096%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$10 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 0.105% dearer against GRVT than usual: you sell high and buy low, +$11 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	GRVT SOL_USDT_Perp	116.56	0.0100	pay 0.0100% / 8h	4h 53m	$47.6M	$29.2M	20x
Short	Lighter SOL	116.66	0.0096	get 0.0012% / 1h	53m 33s	$13.0M	$59.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$0.84
Price spread: +0.084% → −0.021%: $10.55
Slippage, 4 orders: −$2.17
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.46
Costs to cover: 0.112%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Lighter: 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 GRVT live order book, 6 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	13.1 bp −$1,308	doesn't fit
Sell Lighter live order book, 5 min ago	0.39 bp	0.9 bp −$1	4.7 bp −$47	10.9 bp −$1,093	27.8 bp −$13.9K

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
ApeX Omni SOLUSDT	−0.0435%	1h	116.33	−0.200%	$1.7M	$6.0M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.68	+0.102%	$912	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	116.64	+0.071%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0008%	1h	116.68	+0.101%	$103K	$700K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.143%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.69	+0.109%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.68	+0.100%	$1.4M	$18.7M	3.1x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.59	+0.023%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.71	+0.126%	$100K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.70	+0.117%	$7.6M	$404.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.69	+0.113%	$30.8M	$100.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0080%	1h	116.73	+0.142%	$26.3M	$25.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.65	+0.077%	$1.0M	$5.8M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	116.66	+0.084%	$13.0M	$59.5M	25x
Lighter RH SOL	+0.0096%	1h	116.67	+0.092%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	+0.050%	$342K	$229K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.70	+0.121%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.65	+0.075%	$50K	$845K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	+0.100%	$5.5M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	+0.169%	$707.5M	$394.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.67	+0.096%	$175.3M	$181.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	+0.115%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.69	+0.109%	$962.1M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.64	+0.066%	$795.0M	$1.32B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	+0.118%	$364.8M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	+0.041%	$232K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.69	+0.113%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	+0.082%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.65	+0.075%	$848.5M	$651.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.72	+0.135%	$415.8M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.68	+0.101%	$126.5M	$216.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.68	+0.101%	$481.8M	$438.7M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.66	+0.081%	—	$364.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	+0.083%	$23.3M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.68	+0.097%	$24.4M	$115.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.71	+0.123%	$93.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	116.56	long leg	$47.6M	$29.2M	20x
StandX SOL-USD	+0.0100%	1h	116.62	+0.049%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	+0.109%	$332K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.71	+0.129%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.62	+0.051%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.65	+0.077%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.67	+0.092%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.65	+0.073%	$226.4M	$46.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.72	+0.135%	$45.6M	$101.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	+0.042%	$8.0M	$36.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	+0.126%	—	$221.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.856%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.76	+0.169%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.67	+0.095%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.62	+0.049%	$51.8M	$71.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.67	+0.096%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.72	+0.138%	$128K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0459%	1h	116.81	+0.213%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.76	+0.171%	$1.9M	$4.9M	20x	as long as short