Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter RH against Lighter−0.009%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$40.043% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.009%, 7d avg −0.003%

Together, before fees+0.038%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	119.01	0.0096	pay 0.0012% / 1h	31m 22s	$13.4M	$53.8M	25x
Short	Lighter RH SOL	119.00	0.0096	get 0.0012% / 1h	31m 22s	$2.0M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.003%: −$0.64
Slippage, 4 orders: −$4.33
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.97
Costs to cover: 0.043%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 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 Lighter live order book, 8 min ago	0.50 bp	0.6 bp −$1	1.4 bp −$14	5.1 bp −$509	19.2 bp −$9,578
Sell Lighter RH live order book, 3 min ago	1.09 bp	1.1 bp −$1	2.1 bp −$21	18.3 bp −$1,830	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.097%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	119.00	−0.008%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.00	−0.003%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.99	−0.010%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0005%	1h	119.01	+0.001%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.08	+0.062%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.03	+0.021%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.05	+0.035%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.05	+0.035%	$4.9M	$26.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	119.13	+0.103%	$26.7M	$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	+0.0060%	8h	119.08	+0.065%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0063%	8h	118.96	−0.042%	$231.8M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.09	+0.071%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.06	+0.042%	$122K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0067%	1h	118.91	−0.081%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.05	+0.034%	—	$371.0M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.05	+0.037%	$869.5M	$681.6M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	119.01	long leg	$13.4M	$53.8M	25x
Lighter RH SOLshort	+0.0096%	1h	119.00	−0.009%	$2.0M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	119.06	+0.046%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.96	−0.040%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.06	+0.045%	$46K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.05	+0.037%	$6.5M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.15	+0.121%	$719.0M	$414.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.05	+0.037%	$179.7M	$174.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.04	+0.032%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.05	+0.037%	$973.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.08	+0.064%	$825.8M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.03	+0.020%	$370.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.98	−0.022%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.07	+0.052%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.06	+0.045%	$474.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.06	+0.045%	$142.8M	$196.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.05	+0.039%	$496.9M	$448.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.04	+0.029%	$24.4M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.004%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.99	−0.017%	$95.6M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	+0.096%	$48.8M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.04	+0.029%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.06	+0.045%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.05	+0.037%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.06	+0.042%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.05	+0.036%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.06	+0.045%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.01	+0.003%	$46.5M	$100.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.021%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.04	+0.029%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.11	+0.091%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.08	+0.059%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.06	+0.045%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.05	+0.039%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.04	+0.032%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.98	−0.022%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.10	+0.075%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.08	+0.058%	$3.6M	—	200x	as long as short