Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Lighter RH−0.094%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.094%, 7d avg −0.011%

Together, before fees−0.016%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.083% cheaper against Lighter RH than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	118.83	0.0096	pay 0.0012% / 1h	56m 42s	$2.1M	$16.5M	25x
Short	HTX SOL-USDT	118.72	0.0100	get 0.0100% / 8h	7h 56m	$231.0M	$45.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.094%Rate

Funding earned: $0.84
Price spread: −0.094% → −0.011%: −$8.26
Slippage, 4 orders: −$7.56
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.97
Costs to cover: 0.196%
Break-even: 231.8 days

Slippage from Lighter RH: live order book, 2 min ago; HTX: live order book, 2 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	1.77 bp	1.8 bp −$2	2.7 bp −$27	20.6 bp −$2,060	doesn't fit
Sell HTX live order book, 2 min ago	1.34 bp	8.6 bp −$9	11.5 bp −$115	20.4 bp −$2,041	45.1 bp −$22.6K

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	118.86	+0.028%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.80	−0.027%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.80	−0.020%	$2.0M	$2.8M	13x	as long as short
Bluefin SOL-PERP	−0.0049%	1h	118.88	+0.046%	$37K	$17K	25x	as long as short
dYdX SOL-USD	−0.0031%	1h	118.87	+0.035%	$4.9M	$28.0M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.87	+0.037%	$32.6M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.92	+0.077%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	+0.029%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.84	+0.012%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0029%	1h	118.78	−0.040%	$1.5M	$6.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0037%	8h	118.81	−0.016%	$861.2M	$657.8M	100x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	118.77	−0.050%	$103K	$159K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.88	+0.044%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.80	−0.022%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	118.87	+0.034%	$121K	$642K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.88	+0.041%	$8.1M	$416.5M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.86	+0.025%	$13.5M	$54.6M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	118.83	long leg	$2.1M	$16.5M	25x
Aevo SOL-PERP	+0.0096%	1h	118.87	+0.032%	$352K	$570K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.79	−0.031%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	−0.016%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.019%	$5.8M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.96	+0.110%	$720.2M	$408.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	+0.013%	$178.5M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.87	+0.032%	$12.2M	$122.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.86	+0.026%	$979.6M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.85	+0.018%	$823.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.81	−0.016%	$371.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.70	−0.109%	$231K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.83	+0.005%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.81	−0.013%	$133.9M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.82	−0.008%	$429.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.83	+0.004%	$138.1M	$207.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.80	−0.024%	$492.8M	$457.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	+0.043%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.034%	$27.0M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.86	+0.024%	$95.5M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.90	+0.060%	$48.7M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.84	+0.009%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.85	+0.018%	$356K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.89	+0.052%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.84	+0.007%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.87	+0.035%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	118.72	−0.094%	$231.0M	$45.0M	75x
Phemex SOLUSDT	+0.0100%	8h	118.89	+0.051%	$46.6M	$102.4M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	+0.018%	$6.6M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.78	−0.041%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0120%	1h	118.81	−0.014%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.83	−0.001%	—	$225.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	118.94	+0.091%	$26.6M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.79	−0.029%	$1.8M	$4.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0084%	1h	118.91	+0.064%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.142%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.83	+0.001%	$1.1M	$533K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.84	+0.009%	$51.8M	$80.2M	125x	as long as short