Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Lighter RH against GRVT+0.071%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$110.113% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.071%, 7d avg −0.025%

Together, before fees−0.047%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$5 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 0.097% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOL_USDT_Perp	117.61	0.0100	pay 0.0100% / 8h	6h 28m	$48.2M	$29.7M	20x
Short	Lighter RH SOL	117.69	0.0096	get 0.0012% / 1h	28m 59s	$2.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$0.84
Price spread: +0.071% → −0.025%: $9.67
Slippage, 4 orders: −$2.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$2.47
Costs to cover: 0.113%
Break-even: never at this rate

Slippage from GRVT: 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 GRVT live order book, 5 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	10.4 bp −$1,043	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.60 bp	0.9 bp −$1	2.0 bp −$20	17.5 bp −$1,753	doesn't fit

SOL on 54 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	117.76	+0.131%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.81	+0.171%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.70	+0.073%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	117.85	+0.202%	$92K	$691K	20x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	+0.120%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.78	+0.145%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	+0.273%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.86	+0.213%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.92	+0.265%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	117.77	+0.133%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.87	+0.220%	$2.0M	$4.6M	20x	as long as short
HTX SOL-USDT	+0.0023%	8h	117.67	+0.054%	$228.7M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0034%	8h	117.80	+0.162%	$853.7M	$660.7M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.67	+0.050%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.73	+0.101%	$8.0M	$409.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.82	+0.180%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.76	+0.132%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.72	+0.095%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.69	+0.071%	$2.2M	$16.8M	25x
01 Exchange SOLUSD	+0.0096%	1h	117.92	+0.264%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.73	+0.100%	$345K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.94	+0.280%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	+0.196%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.90	+0.247%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.81	+0.171%	$177.0M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.283%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.83	+0.188%	$972.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.86	+0.213%	$821.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.82	+0.179%	$366.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	+0.230%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.90	+0.247%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.048%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.80	+0.162%	$423.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.80	+0.162%	$131.4M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.78	+0.146%	$487.6M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.74	+0.111%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	+0.092%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	+0.100%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	117.61	long leg	$48.2M	$29.7M	20x
StandX SOL-USD	+0.0100%	1h	117.84	+0.196%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.87	+0.222%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.80	+0.162%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.78	+0.144%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.92	+0.262%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	+0.094%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	+0.111%	$45.8M	$101.5M	50x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.86	+0.218%	$719.8M	$402.1M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	+0.315%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.76	+0.132%	$8.2M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	+0.252%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.79	+0.152%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.503%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.80	+0.160%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0318%	1h	117.79	+0.150%	$25K	$51K	20x	as long as short