Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter−0.001%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.001%, 7d avg +0.002%

Together, before fees−0.046%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.39	0.0096	pay 0.0012% / 1h	35m 34s	$13.1M	$60.5M	25x
Short	KuCoin SOLUSDTM	116.38	0.0100	get 0.0100% / 8h	1h 35m	$129.6M	$232.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0.84
Price spread: −0.001% → +0.002%: −$0.25
Slippage, 4 orders: −$4.64
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.05
Costs to cover: 0.166%
Break-even: 140.8 days

Slippage from Lighter: live order book, 8 min ago; KuCoin: live order book, 4 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	0.4 bp $0	1.6 bp −$16	6.8 bp −$676	24.2 bp −$12.1K
Sell KuCoin live order book, 4 min ago	0.04 bp	6.1 bp −$6	9.1 bp −$91	20.3 bp −$2,025	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
Hibachi SOL/USDT-P	−0.0136%	1h	116.39	+0.004%	$96K	$688K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.34	−0.037%	$739.8M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.42	+0.027%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.41	+0.019%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.049%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0019%	1h	116.37	−0.017%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.40	+0.015%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.44	+0.045%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.43	+0.036%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.41	+0.021%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0024%	1h	116.36	−0.021%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.40	+0.013%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0046%	8h	116.35	−0.030%	$479.2M	$461.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.44	+0.048%	$8.0M	$404.0M	50x	as long as short
SoDEX SOL-USD	+0.0085%	1h	116.37	−0.013%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0085%	8h	116.39	+0.004%	$175.7M	$174.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.38	−0.002%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.40	+0.012%	$1.0M	$551K	50x	as long as short
Lighter SOLlong	+0.0096%	1h	116.39	long leg	$13.1M	$60.5M	25x
Aevo SOL-PERP	+0.0096%	1h	116.38	−0.003%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.36	−0.021%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.031%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.47	+0.076%	$696.9M	$409.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.43	+0.035%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.37	−0.011%	$966.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.36	−0.021%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.39	+0.004%	$216K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.39	+0.006%	$899K	$8.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.37	−0.013%	$842.9M	$667.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.38	−0.004%	$361.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.38	−0.001%	$129.6M	$232.9M	75x
BingX SOL-USDT	+0.0100%	8h	116.36	−0.020%	—	$373.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.41	+0.021%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.35	−0.026%	$24.9M	$111.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.44	+0.045%	$93.5M	$410.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.41	+0.019%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.117%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.107%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.36	−0.021%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.38	−0.006%	$237K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.39	0.000%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.38	0.000%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.37	−0.016%	$225.3M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.39	+0.004%	$45.3M	$105.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.142%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.33	−0.049%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.44	+0.043%	—	$237.1M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0125%	1h	116.44	+0.050%	$26.4M	$21.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.099%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.55	+0.142%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.32	−0.056%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.047%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.38	−0.001%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.45	+0.058%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0498%	1h	116.51	+0.111%	$25K	$56K	20x	as long as short