Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against KuCoin+0.036%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.036%, 7d avg −0.005%

Together, before fees+0.037%+ Points / potential airdropLighter RH: Points live · farm board+$4 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 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	118.75	0.0100	pay 0.0100% / 8h	7h 55m	$138.0M	$207.3M	75x
Short	Lighter RH SOL	118.79	0.0096	get 0.0012% / 1h	55m 59s	$2.1M	$16.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$0.84
Price spread: +0.036% → −0.005%: $4.1
Slippage, 4 orders: −$6.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.83
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Lighter RH: live order book, 3 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 KuCoin live order book, 3 min ago	0.50 bp	7.6 bp −$8	11.2 bp −$112	18.0 bp −$1,802	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.77 bp	1.8 bp −$2	2.2 bp −$22	23.8 bp −$2,381	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	118.86	+0.097%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.71	−0.028%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.69	−0.047%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0031%	1h	118.87	+0.104%	$4.9M	$28.0M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.82	+0.060%	$32.6M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.75	+0.003%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.133%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.73	−0.016%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0029%	1h	118.78	+0.029%	$1.5M	$6.1M	50x	as long as short
Gate SOL_USDT	+0.0037%	8h	118.78	+0.028%	$861.0M	$658.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	118.77	+0.019%	$103K	$159K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.78	+0.026%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.71	−0.032%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	118.87	+0.103%	$121K	$642K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.82	+0.061%	$8.1M	$416.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.78	+0.028%	$13.4M	$54.6M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	118.79	+0.036%	$2.1M	$16.5M	25x
Aevo SOL-PERP	+0.0096%	1h	118.78	+0.028%	$352K	$570K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.79	+0.038%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	+0.053%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.008%	$5.8M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.91	+0.137%	$720.0M	$408.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	+0.032%	$178.4M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.87	+0.101%	$12.2M	$122.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.73	−0.011%	$978.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.75	+0.005%	$823.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.71	−0.031%	$370.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.70	−0.040%	$231K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.83	+0.074%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.81	+0.056%	$133.9M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.73	−0.014%	$429.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	118.75	long leg	$138.0M	$207.3M	75x
Bitget SOLUSDT	+0.0100%	8h	118.76	+0.014%	$492.7M	$457.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	+0.053%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	+0.094%	$27.1M	$128.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.86	+0.093%	$95.5M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.90	+0.129%	$48.7M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.86	+0.095%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.74	−0.006%	$355K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.72	−0.021%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.77	+0.023%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.79	+0.034%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.79	+0.036%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.71	−0.034%	$231.0M	$45.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.80	+0.045%	$46.5M	$102.4M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	+0.087%	$6.6M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.75	+0.005%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0119%	1h	118.80	+0.048%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.88	+0.114%	—	$224.9M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0127%	1h	118.83	+0.067%	$26.6M	$25.3M	50x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.79	+0.040%	$1.8M	$4.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0084%	1h	118.73	−0.012%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.073%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.70	−0.040%	$1.1M	$531K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.84	+0.078%	$51.8M	$80.2M	125x	as long as short