Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.002%

Price spread now: Gate against Lighter−0.017%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.017%, 7d avg −0.006%

Together, before fees−0.062%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	118.66	0.0096	pay 0.0012% / 1h	11m 17s	$13.5M	$52.3M	25x
Short	Gate SOL_USDT	118.64	0.0077	get 0.0077% / 8h	3h 11m	$854.8M	$682.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.017%Rate

Funding earned: −$3.99
Price spread: −0.017% → −0.006%: −$1.1
Slippage, 4 orders: −$2.99
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.08
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Gate: 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 Lighter live order book, 8 min ago	0.04 bp	0.0 bp $0	1.4 bp −$14	6.0 bp −$598	24.3 bp −$12.2K
Sell Gate live order book, 3 min ago	0.42 bp	7.9 bp −$8	9.8 bp −$98	15.6 bp −$1,564	26.8 bp −$13.4K

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
Vest SOL-PERP	−0.0089%	1h	118.57	−0.073%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.58	−0.067%	$841	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0072%	1h	118.62	−0.036%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.57	−0.077%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0012%	1h	118.70	+0.036%	$4.8M	$26.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.67	+0.008%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	118.69	+0.022%	$194K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.68	+0.017%	$104K	$154K	20x	as long as short
HTX SOL-USDT	+0.0053%	8h	118.57	−0.075%	$231.0M	$43.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	118.66	−0.003%	$1.1M	$5.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0059%	1h	118.72	+0.053%	$26.6M	$27.9M	50x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	118.48	−0.152%	$1.5M	$6.3M	50x	as long as short
KuCoin SOLUSDTM	+0.0075%	8h	118.69	+0.021%	$144.7M	$189.0M	75x	as long as short
Gate SOL_USDTshort	+0.0077%	8h	118.64	−0.017%	$854.8M	$682.2M	100x
Bitget SOLUSDT	+0.0092%	8h	118.64	−0.019%	$495.9M	$450.3M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	118.66	long leg	$13.5M	$52.3M	25x
Lighter RH SOL	+0.0096%	1h	118.65	−0.008%	$2.0M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.62	−0.030%	$352K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.65	−0.011%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.67	+0.008%	$46K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.65	−0.012%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.74	+0.069%	$715.7M	$441.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.64	−0.017%	$179.4M	$174.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.70	+0.034%	$12.4M	$112.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.66	0.000%	$974.9M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.70	+0.034%	$819.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.69	+0.025%	$365.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.50	−0.135%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.69	+0.029%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.093%	$132.6M	$13.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.67	+0.008%	$476.9M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.64	−0.013%	—	$369.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	−0.008%	$24.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.58	−0.070%	$25.3M	$123.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.47	−0.159%	$95.2M	$393.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.104%	$48.5M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.62	−0.034%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.65	−0.008%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.65	−0.007%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.66	−0.001%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.61	−0.040%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.63	−0.025%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.66	0.000%	$46.3M	$99.8M	50x	as long as short
Kalshi KXSOLPERP	+0.0101%	8h	118.63	−0.025%	$1.2M	$20.9M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	118.62	−0.036%	$8.7M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.73	+0.059%	$8.0M	$411.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.068%	—	$217.0M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.69	+0.026%	$36.1M	$90.5M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	118.63	−0.023%	$125K	$602K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.64	−0.017%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.70	+0.035%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.64	−0.018%	$1.1M	$559K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.64	−0.017%	$51.7M	$90.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0239% / S −0.0182%	1h	118.66	−0.001%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	119.06	+0.337%	$4K	$2K	12x	as long as short