Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%
Price spread now: Lighter against Hotstuff+0.078%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.078% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SOL-PERP118.92−0.0080get 0.0010% / 1h20m 17s$930$8K25x
ShortLighter SOL119.010.0096get 0.0012% / 1h20m 17s$14.2M$56.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Hotstuff. 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

Funding earned
$36.96
Price spread: +0.078% → 0.000%
$7.82
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$39.78
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Lighter live order book, 4 min ago0.21 bp0.3 bp $00.5 bp −$55.0 bp −$50022.4 bp −$11.2K
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERPlong−0.0080%1h118.92long leg$930$8K25x
Vest SOL-PERP−0.0077%1h118.90−0.017%$608K20xas long as short
Derive SOL-PERP−0.0062%1h118.96+0.035%$2.0M$2.7M13xas long as short
dYdX SOL-USD−0.0022%1h118.98+0.054%$5.0M$25.7M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h119.05+0.112%$32.4M$97.3M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.01+0.079%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.95+0.028%$1.2M$20.1M3.1xas long as short
Perpl SOL0.0000%43m118.97+0.048%$154K$3.8M8.3xas long as short
Hibachi SOL/USDT-P+0.0016%1h118.97+0.045%$100K$657K20xas long as short
HTX SOL-USDT+0.0022%8h118.89−0.018%$231.3M$44.0M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0032%1h118.97+0.045%$104K$160K20xas long as short
Bluefin SOL-PERP+0.0036%1h119.03+0.095%$37K$17K25xas long as short
BingX SOL-USDT+0.0080%8h119.00+0.070%$366.5Mas long as short
Orderly PERP_SOL_USDC+0.0082%8h119.06+0.118%$1.0M$5.9M100xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h119.05+0.114%$8.1M$409.9M50xas long as short
Lighter SOLshort+0.0096%1h119.01+0.078%$14.2M$56.1M25x
Lighter RH SOL+0.0096%1h118.93+0.013%$2.2M$16.9M25xas long as short
Aevo SOL-PERP+0.0096%1h119.00+0.072%$349K$251K20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0096%1h119.08+0.138%$26.7M$24.8M50xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.86−0.048%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.93+0.012%$47K$786K20xas long as short
Nado SOL-PERP+0.0100%1h118.88−0.033%$5.9M$40.5M40xas long as short
Hyperliquid SOL+0.0100%1h119.07+0.130%$724.8M$396.4M20xas long as short
Aster SOLUSDT+0.0100%8h118.97+0.046%$179.6M$177.1M100xas long as short
Pacifica SOL+0.0100%1h118.92+0.005%$12.2M$124.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.01+0.079%$980.2M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h119.05+0.113%$824.5M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.04+0.104%$370.7M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.86−0.047%$233K$830K10xas long as short
Arcus SOL-USD+0.0100%1h118.92+0.007%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h119.07+0.130%$136.4M$9.7M20xas long as short
Gate SOL_USDT+0.0100%8h118.99+0.062%$855.3M$668.7M100xas long as short
MEXC SOL_USDT+0.0100%8h118.98+0.054%$429.5M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.96+0.040%$138.6M$203.0M75xas long as short
Bitget SOLUSDT+0.0100%8h119.02+0.090%$494.1M$439.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.93+0.012%$24.1M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h118.93+0.008%$25.0M$130.3Mas long as short
edgeX SOLUSDC+0.0100%4h119.00+0.075%$95.6M$403.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.15+0.196%$48.8M$29.2M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.04+0.104%$1.5M$6.1M50xas long as short
StandX SOL-USD+0.0100%1h118.91−0.005%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.96+0.037%$355K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.00+0.068%$204K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.94+0.021%$193K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h119.02+0.087%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.02+0.087%$46.7M$99.7M50xas long as short
Extended SOL-USD+0.0104%1h118.99+0.060%$8.6M$34.9M50xas long as short
Phoenix SOL+0.0114%1h119.17+0.214%$6.6M$13.6M25xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.93+0.014%$219.5M500xas long as short
RISEx SOL/USDC+0.0161%1h118.92+0.007%$1.8M$4.5M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0165% / S −0.0081%1h119.01+0.075%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0173%1h119.01+0.079%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0186%1h118.94+0.019%$1.1M$524K25xas long as short
Aftermath Perps SOLUSD+0.0190%1h119.04+0.102%$25K$50K20xas long as short
BloFin SOL-USDT+0.0220%8h118.91−0.005%$51.8M$76.1M125xas long as short