Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.037%

Price spread now: BloFin against Lighter RH−0.048%91s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.158% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.048%, 7d avg −0.007%

Together, before fees+0.170%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.041% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	119.23	0.0096	pay 0.0012% / 1h	11m 35s	$2.2M	$16.9M	25x
Short	BloFin SOL-USDT	119.17	0.0220	get 0.0220% / 8h	7h 11m	$51.9M	$74.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.048%Rate

Funding earned: $26.04
Price spread: −0.048% → −0.007%: −$4.09
Slippage, 4 orders: −$3.77
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $6.18
Costs to cover: 0.158%
Break-even: 5.3 days

Slippage from Lighter RH: live order book, 2 min ago; BloFin: 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 RH live order book, 2 min ago	1.47 bp	1.5 bp −$1	2.1 bp −$21	19.8 bp −$1,980	doesn't fit
Sell BloFin live order book, 3 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	8.3 bp −$832	12.0 bp −$5,991

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
Derive SOL-PERP	−0.0082%	1h	119.20	−0.022%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.19	−0.034%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.17	−0.048%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0032%	1h	119.22	−0.010%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0019%	8h	119.21	−0.011%	$231.9M	$44.2M	75x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.23	+0.003%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.27	+0.034%	$32.4M	$97.6M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.32	+0.078%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.22	−0.003%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	+0.044%	$125K	$3.9M	8.3x	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	119.23	+0.003%	$104K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0077%	1h	119.28	+0.044%	$37K	$17K	25x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.20	−0.022%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.30	+0.058%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0087%	1h	119.33	+0.084%	$26.7M	$24.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.30	+0.061%	$8.1M	$410.6M	50x	as long as short
Gate SOL_USDT	+0.0091%	8h	119.18	−0.039%	$856.4M	$672.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.22	−0.004%	$14.0M	$56.6M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.23	long leg	$2.2M	$16.9M	25x
Aevo SOL-PERP	+0.0096%	1h	119.27	+0.033%	$349K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.25	+0.021%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.19	−0.031%	$46K	$799K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.17	−0.048%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.33	+0.086%	$729.6M	$398.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.23	+0.004%	$180.2M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.26	+0.027%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.22	−0.006%	$981.7M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.22	−0.003%	$828.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.17	−0.048%	$372.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.09	−0.115%	$234K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.20	−0.024%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.393%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.21	−0.014%	$433.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.26	+0.028%	$139.0M	$203.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.18	−0.039%	$494.5M	$438.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.25	+0.019%	$24.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.042%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.20	−0.023%	$95.7M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	−0.078%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.26	+0.028%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	−0.039%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.28	+0.044%	$362K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.30	+0.064%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	+0.022%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.27	+0.036%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.25	+0.019%	$46.7M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.070%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	−0.107%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.15	−0.060%	—	$226.5M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.18	−0.040%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.182%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.23	+0.005%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0208%	1h	119.20	−0.019%	$25K	$51K	20x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	119.17	−0.048%	$51.9M	$74.8M	125x
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.32	+0.075%	$3.7M	—	200x	as long as short