Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.001%

Price spread now: Lighter RH against HTX+0.046%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.561%+$56 · spread now +0.046%, 7d avg +0.012%

Together, before fees+0.571%+ Points / potential airdropLighter RH: Points live · farm board+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.034% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	117.43	0.0050	pay 0.0050% / 8h	5h 42m	$228.1M	$45.6M	75x
Short	Lighter RH SOL	117.48	0.0096	get 0.0012% / 1h	42m 31s	$2.1M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now +0.046%Rate

Funding earned: $9.61
Price spread: +0.046% → +0.012%: $3.37
Slippage, 4 orders: −$3.39
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$2.42
Costs to cover: 0.154%
Break-even: 8.8 days

Slippage from HTX: live order book, 2 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 HTX live order book, 2 min ago	0.00 bp	6.4 bp −$6	8.7 bp −$87	14.9 bp −$1,487	39.8 bp −$19.9K
Sell Lighter RH live order book, 6 min ago	1.15 bp	1.2 bp −$1	2.3 bp −$23	19.1 bp −$1,912	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	117.36	−0.052%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.44	+0.013%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.49	+0.054%	$31.5M	$98.1M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.40	−0.023%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.50	+0.063%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.46	+0.029%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	+0.001%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDTlong	+0.0050%	8h	117.43	long leg	$228.1M	$45.6M	75x
01 Exchange SOLUSD	+0.0056%	1h	117.54	+0.097%	$100K	$163K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.49	+0.052%	$8.0M	$403.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0072%	1h	117.34	−0.077%	$100K	$691K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.46	+0.032%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.48	+0.044%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.49	+0.052%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.48	+0.046%	$2.1M	$16.2M	25x
Aevo SOL-PERP	+0.0096%	1h	117.48	+0.043%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.49	+0.055%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.51	+0.070%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.49	+0.059%	$5.7M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.52	+0.080%	$176.4M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.52	+0.081%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.53	+0.091%	$967.4M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.55	+0.106%	$821.0M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.52	+0.080%	$365.8M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	−0.039%	$237K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.52	+0.080%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.021%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.49	+0.055%	$858.2M	$646.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.51	+0.072%	$424.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.52	+0.084%	$130.2M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.51	+0.068%	$486.6M	$433.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	+0.038%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	−0.052%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	−0.032%	$94.3M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.27	−0.137%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.48	+0.046%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	−0.039%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.50	+0.063%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.51	+0.075%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	+0.010%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.42	−0.006%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.046%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.44	+0.012%	$45.7M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.48	+0.047%	$8.2M	$36.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0112%	1h	117.54	+0.096%	$26.4M	$25.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.35	−0.069%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.114%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.152%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0168%	1h	117.62	+0.165%	$718.4M	$393.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.49	+0.056%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.039%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.48	+0.046%	$51.9M	$71.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.43	+0.006%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0382%	1h	117.47	+0.039%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.53	+0.090%	$128K	$3.8M	8.3x	as long as short