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 −0.002%

Price spread now: Paradex against Lighter RH+0.046%58s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$100.105% of the position

Long on Lighter RH Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.046%, 7d avg 0.000%

Together, before fees−0.046%+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm board−$5 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: Paradex is 0.046% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 58 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	118.79	0.0096	pay 0.0012% / 1h	58m 44s	$2.1M	$16.5M	25x
Short	Paradex SOL-USD-PERP	118.85	0.0100	get 0.0100% / 8h	7h 58m	$1.0M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.76
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: −$6.48
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.13
Costs to cover: 0.105%
Break-even: 54.1 days

Slippage from Lighter RH: live order book, 5 min ago; Paradex: live order book, just now.

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, 5 min ago	1.30 bp	1.3 bp −$1	2.1 bp −$21	18.0 bp −$1,804	doesn't fit
Sell Paradex live order book, just now	1.93 bp	3.9 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit

SOL on 54 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
Bluefin SOL-PERP	−0.2307%	1h	118.88	+0.076%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.92	+0.104%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.82	+0.026%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.79	−0.005%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0023%	1h	118.93	+0.119%	$4.9M	$28.0M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.89	+0.082%	$32.6M	$97.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.86	+0.056%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.88	+0.074%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.89	+0.083%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0029%	1h	118.78	−0.009%	$1.5M	$6.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0042%	1h	118.92	+0.108%	$26.6M	$25.7M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.92	+0.108%	$103K	$158K	20x	as long as short
Gate SOL_USDT	+0.0066%	8h	118.81	+0.015%	$861.1M	$657.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.88	+0.073%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.86	+0.056%	—	$370.4M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	118.97	+0.153%	$121K	$642K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.91	+0.099%	$8.2M	$416.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.75	−0.031%	$13.4M	$54.5M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	118.79	long leg	$2.1M	$16.5M	25x
Aevo SOL-PERP	+0.0096%	1h	118.89	+0.082%	$352K	$568K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0100%	8h	118.85	+0.046%	$1.0M	$520K	50x
Nado SOL-PERP	+0.0100%	1h	118.86	+0.059%	$5.9M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.95	+0.133%	$720.0M	$408.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	+0.040%	$178.5M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.89	+0.082%	$12.2M	$122.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.85	+0.048%	$979.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.87	+0.068%	$823.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.84	+0.040%	$371.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	+0.024%	$231K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.90	+0.088%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.122%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.85	+0.049%	$429.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.87	+0.064%	$138.1M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.84	+0.037%	$492.9M	$458.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	+0.049%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.003%	$27.0M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.78	−0.008%	$95.4M	$403.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.90	+0.091%	$48.7M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.92	+0.108%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	+0.057%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.85	+0.050%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	+0.046%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.87	+0.066%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.82	+0.022%	$231.3M	$45.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.86	+0.057%	$46.5M	$102.5M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	+0.049%	$6.6M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	+0.029%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.78	−0.006%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.88	+0.077%	—	$225.7M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.87	+0.068%	$1.8M	$4.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0084%	1h	118.85	+0.046%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.111%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.84	+0.040%	$1.1M	$535K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.87	+0.066%	$51.9M	$80.3M	125x	as long as short