Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.037%

Price spread now: BloFin against Lighter−0.134%90s7-day average −0.016% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.142% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)−0.191%−$19 · spread now −0.134%, 7d avg −0.016%

Together, before fees+0.027%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.118% cheaper against Lighter than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.016%). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	118.83	0.0096	pay 0.0012% / 1h	43m 41s	$13.4M	$53.2M	25x
Short	BloFin SOL-USDT	118.67	0.0220	get 0.0220% / 8h	2h 43m	$51.7M	$87.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $26.04
Price spread: −0.134% → −0.016%: −$11.83
Slippage, 4 orders: −$2.2
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.01
Costs to cover: 0.142%
Break-even: 7.0 days

Slippage from Lighter: live order book, 5 min ago; BloFin: 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 Lighter live order book, 5 min ago	0.34 bp	1.0 bp −$1	2.2 bp −$22	6.9 bp −$687	21.6 bp −$10.8K
Sell BloFin live order book, 5 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	8.3 bp −$828	12.7 bp −$6,344

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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.051%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.65	−0.148%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.64	−0.159%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.68	−0.125%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0046%	1h	118.86	+0.024%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.76	−0.061%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.72	−0.089%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.69	−0.119%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.87	+0.031%	$4.9M	$26.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0053%	1h	118.78	−0.042%	$26.6M	$27.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0059%	8h	118.74	−0.077%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.75	−0.066%	$104K	$153K	20x	as long as short
HTX SOL-USDT	+0.0072%	8h	118.65	−0.155%	$231.2M	$43.6M	75x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	118.90	+0.060%	$1.5M	$6.2M	50x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.83	+0.001%	$858.4M	$677.1M	100x	as long as short
KuCoin SOLUSDTM	+0.0094%	8h	118.85	+0.019%	$143.7M	$196.5M	75x	as long as short
Lighter SOLlong	+0.0096%	1h	118.83	long leg	$13.4M	$53.2M	25x
Lighter RH SOL	+0.0096%	1h	118.82	−0.010%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.70	−0.108%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.81	−0.014%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.71	−0.100%	$45K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.65	−0.155%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.92	+0.077%	$717.0M	$424.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.82	−0.008%	$179.1M	$173.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.86	+0.025%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.83	+0.002%	$971.4M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.84	+0.011%	$819.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.81	−0.016%	$370.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.65	−0.151%	$233K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.049%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.044%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.82	−0.008%	$465.9M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.84	+0.012%	$496.0M	$448.8M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.80	−0.028%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.75	−0.066%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.85	+0.014%	$27.6M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.068%	$95.5M	$397.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.83	0.000%	$48.6M	$33.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.88	+0.043%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.73	−0.083%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.73	−0.085%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.71	−0.103%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	−0.079%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.70	−0.109%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.73	−0.083%	$46.3M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.82	−0.007%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.77	−0.048%	$123K	$606K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.76	−0.058%	$8.0M	$413.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.69	−0.113%	—	$217.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.077%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.75	−0.066%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.76	−0.059%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.73	−0.085%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.67	−0.134%	$51.7M	$87.0M	125x
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.74	−0.077%	$36.0M	$89.8M	100x	as long as short