Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.007%

Price spread now: Orderly against Lighter+0.005%7-day average −0.009% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.005%, 7d avg −0.009%

Together, before fees−0.097%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.85	0.0096	pay 0.0012% / 1h	0m 06s	$13.1M	$61.8M	25x
Short	Orderly PERP_SOL_USDC	116.86	0.0093	get 0.0093% / 8h	2h 00m	$1.0M	$6.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.005%Rate

Funding earned: −$0.58
Price spread: +0.005% → −0.009%: $1.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.19
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	0.04 bp	0.0 bp $0	1.7 bp −$17	5.4 bp −$544	21.7 bp −$10.8K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.89	+0.028%	$33.0M	$104.2M	100x	as long as short
Bybit SOLUSDT	−0.0105%	8h	116.83	−0.019%	$741.0M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.94	+0.071%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.94	+0.077%	$101K	$689K	20x	as long as short
Vest SOL-PERP	−0.0031%	1h	116.86	+0.003%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.80	−0.043%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.88	+0.027%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.94	+0.077%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.87	+0.016%	$110K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.90	+0.038%	$4.3M	$23.8M	20x	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	+0.0032%	1h	116.88	+0.024%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.87	+0.016%	$8.0M	$407.4M	50x	as long as short
Bitget SOLUSDT	+0.0058%	8h	116.80	−0.045%	$481.5M	$462.3M	100x	as long as short
Orderly PERP_SOL_USDCshort	+0.0093%	8h	116.86	+0.005%	$1.0M	$6.0M	100x
Lighter SOLlong	+0.0096%	1h	116.85	long leg	$13.1M	$61.8M	25x
Lighter RH SOL	+0.0096%	1h	116.83	−0.019%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.88	+0.026%	$351K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.90	+0.043%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.85	−0.002%	$64K	$915K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.86	+0.010%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.95	+0.084%	$700.9M	$408.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.83	−0.019%	$176.1M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.92	+0.061%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.84	−0.010%	$970.6M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.81	−0.036%	$371.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.99	+0.118%	$219K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.88	+0.022%	$907K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.168%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.85	−0.002%	$845.5M	$677.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.85	−0.002%	$363.1M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.84	−0.006%	$128.9M	$231.8M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.81	−0.039%	—	$372.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	−0.019%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	+0.010%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.98	+0.109%	$93.9M	$411.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.04	+0.162%	$47.9M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.13	+0.234%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.96	+0.092%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.85	−0.002%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.89	+0.031%	$236K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.87	+0.017%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.85	−0.005%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.85	−0.002%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.83	−0.015%	$226.3M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.84	−0.010%	$45.4M	$105.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.81	−0.034%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.94	+0.075%	—	$238.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0155%	1h	116.94	+0.075%	$26.5M	$22.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	+0.204%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.18	+0.281%	$6.6M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.82	−0.030%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.90	+0.041%	$52.0M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.88	+0.027%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0494%	1h	116.96	+0.093%	$25K	$56K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.93	+0.067%	$2.1M	$4.9M	20x	as long as short