Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter RH+0.037%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.037%, 7d avg +0.006%

Together, before fees−0.105%+ Points / potential airdropLighter RH: Points live · farm board−$10 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: KuCoin is 0.031% dearer against Lighter RH than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	117.72	0.0096	pay 0.0012% / 1h	31m 26s	$2.1M	$16.3M	25x
Short	KuCoin SOLUSDTM	117.76	0.0100	get 0.0100% / 8h	5h 31m	$130.2M	$212.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0.84
Price spread: +0.037% → +0.006%: $3.09
Slippage, 4 orders: −$6.67
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$14.74
Costs to cover: 0.187%
Break-even: 129.8 days

Slippage from Lighter RH: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago	1.15 bp	1.1 bp −$1	1.8 bp −$18	17.8 bp −$1,781	doesn't fit
Sell KuCoin live order book, 8 min ago	0.77 bp	8.7 bp −$9	12.6 bp −$126	17.8 bp −$1,784	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
Hotstuff SOL-PERP	−0.0080%	1h	117.73	+0.014%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	117.66	−0.049%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.62	−0.084%	$31.7M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.55	−0.144%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.73	+0.014%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.71	−0.007%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.67	−0.043%	$1.4M	$19.3M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	117.66	−0.047%	$26.4M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.77	+0.044%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.66	−0.048%	$105K	$695K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.65	−0.058%	$8.0M	$404.3M	50x	as long as short
BingX SOL-USDT	+0.0070%	8h	117.74	+0.016%	—	$363.1M	—	as long as short
HTX SOL-USDT	+0.0084%	8h	117.39	−0.278%	$228.0M	$45.5M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.76	+0.037%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.74	+0.016%	$13.1M	$59.4M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.72	long leg	$2.1M	$16.3M	25x
Aevo SOL-PERP	+0.0096%	1h	117.75	+0.031%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.72	+0.002%	$66K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.78	+0.053%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.72	+0.006%	$5.8M	$39.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.76	+0.034%	$176.6M	$179.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.76	+0.040%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.73	+0.013%	$969.0M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.77	+0.046%	$826.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.77	+0.044%	$367.2M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.71	−0.007%	$238K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	+0.032%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.234%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.76	+0.036%	$859.9M	$649.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.74	+0.019%	$426.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	117.76	+0.037%	$130.2M	$212.5M	75x
Bitget SOLUSDT	+0.0100%	8h	117.73	+0.009%	$487.9M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.63	−0.075%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	−0.234%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.51	−0.179%	$94.4M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.091%	$48.2M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.45	−0.225%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.56	−0.134%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.74	+0.019%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.73	+0.006%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	+0.013%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.65	−0.058%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.62	−0.083%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.64	−0.066%	$45.8M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.72	+0.003%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.67	−0.040%	—	$218.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.65	−0.058%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.83	+0.098%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0175%	1h	117.86	+0.121%	$720.7M	$393.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.71	−0.007%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.287%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.60	−0.100%	$51.8M	$71.4M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.77	+0.042%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.73	+0.012%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0391%	1h	117.53	−0.158%	$25K	$51K	20x	as long as short