Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.007%

Price spread now: BingX against Lighter RH+0.045%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Lighter RH Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.045%, 7d avg −0.002%

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

The price spread pays, funding is against you. BingX is 0.047% dearer against Lighter RH than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.002%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	119.42	0.0096	pay 0.0012% / 1h	58m 02s	$2.2M	$16.9M	25x
Short	BingX SOL-USDT	119.47	0.0080	get 0.0080% / 8h	58m 02s	—	$371.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter RH. 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 Lighter RHbpFee BingXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$3.36
Price spread: +0.045% → −0.002%: $4.7
Slippage, 4 orders: −$4.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.1
Costs to cover: 0.144%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; BingX: live order book, 6 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 RH live order book, 6 min ago	1.43 bp	1.4 bp −$1	2.4 bp −$24	20.9 bp −$2,095	doesn't fit
Sell BingX live order book, 6 min ago	0.80 bp	5.8 bp −$6	5.8 bp −$58	7.1 bp −$714	11.1 bp −$5,533

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
Hotstuff SOL-PERP	−0.0080%	1h	119.47	+0.039%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.44	+0.016%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.36	−0.048%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.46	+0.033%	$115K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.48	+0.054%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.53	+0.092%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.50	+0.063%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.28	−0.117%	$6.6M	$13.4M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.54	+0.100%	$104K	$157K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	119.48	+0.049%	$26.7M	$26.1M	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	+0.0071%	8h	119.45	+0.028%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDTshort	+0.0080%	8h	119.47	+0.045%	—	$371.3M	—
HTX SOL-USDT	+0.0082%	8h	119.46	+0.035%	$232.5M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.41	−0.008%	$871.5M	$671.6M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	119.44	+0.016%	$118K	$608K	20x	as long as short
Aftermath Perps SOLUSD	+0.0089%	1h	119.31	−0.089%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.45	+0.023%	$13.6M	$55.2M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.42	long leg	$2.2M	$16.9M	25x
Aevo SOL-PERP	+0.0096%	1h	119.42	−0.001%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.45	+0.023%	$8.3M	$417.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.49	+0.056%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	+0.075%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.50	+0.063%	$6.1M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.55	+0.111%	$721.1M	$410.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.48	+0.047%	$178.9M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.53	+0.094%	$12.3M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.49	+0.059%	$984.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.51	+0.075%	$830.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.47	+0.042%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.033%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.55	+0.108%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.059%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.47	+0.042%	$452.0M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.44	+0.015%	$140.0M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.47	+0.040%	$497.5M	$455.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.46	+0.033%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.135%	$27.3M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.22	−0.170%	$95.8M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	−0.038%	$48.8M	$31.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.17	−0.205%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.44	+0.017%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.51	+0.075%	$371K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.44	+0.020%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.45	+0.028%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.48	+0.053%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.42	0.000%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.48	+0.050%	$46.7M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.45	+0.024%	$8.7M	$36.2M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.42	0.000%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.52	+0.085%	—	$224.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0072%	1h	119.45	+0.027%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.335%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.49	+0.058%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.43	+0.008%	$52.1M	$84.2M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.55	+0.112%	$1.7M	$5.3M	20x	as long as short