Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Lighter RH−0.124%46s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$130.132% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days+0.160%+$16 · spread now −0.124%, 7d avg +0.006%
Together, before fees+0.102%+ 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: Polymarket Perps is 0.130% cheaper against Lighter RH than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SOL118.700.0096pay 0.0012% / 1h4m 34s$2.1M$17.1M25x
ShortPolymarket Perps SOL-USD118.550.0100get 0.0013% / 1h4m 34s$360K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0.84
Price spread: −0.124% → +0.006%
−$12.98
Slippage, 4 orders
−$5.2
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$25.34
Costs to cover
0.132%
Break-even
218.1 days
Slippage from Lighter RH: live order book, 4 min ago; Polymarket Perps: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago1.43 bp1.4 bp −$12.1 bp −$2119.1 bp −$1,906doesn't fit
Sell Polymarket Perps live order book, 4 min ago0.42 bp4.4 bp −$46.2 bp −$62doesn't fitdoesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive SOL-PERP−0.0100%1h118.48−0.185%$2.0M$2.8M13xas long as short
Hotstuff SOL-PERP−0.0080%1h118.66−0.029%$841$8K25xas long as short
Vest SOL-PERP−0.0079%1h118.67−0.027%$723K20xas long as short
dYdX SOL-USD−0.0019%1h118.70+0.001%$4.8M$28.0M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.57−0.108%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.57−0.110%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.55−0.125%$174K$3.9M8.3xas long as short
ApeX Omni SOLUSDT+0.0007%1h118.55−0.124%$1.5M$6.1M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0029%1h118.63−0.055%$26.6M$25.7M50xas long as short
Gate SOL_USDT+0.0065%8h118.72+0.019%$867.8M$688.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0077%8h118.57−0.107%$1.0M$5.9M100xas long as short
HTX SOL-USDT+0.0078%8h118.53−0.144%$230.7M$45.1M75xas long as short
01 Exchange SOLUSD+0.0080%1h118.78+0.070%$104K$158K20xas long as short
BingX SOL-USDC+0.0080%8h118.71+0.008%$10.5Mas long as short
Hibachi SOL/USDT-P+0.0088%1h118.52−0.153%$120K$631K20xas long as short
Lighter SOL+0.0096%1h118.71+0.009%$13.4M$56.7M25xas long as short
Lighter RH SOLlong+0.0096%1h118.70long leg$2.1M$17.1M25x
Aevo SOL-PERP+0.0096%1h118.57−0.110%$351K$748K20xas long as short
Coinbase International SOL-PERP-INTX+0.0096%1h118.60−0.084%$8.1M$415.6M50xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.72+0.019%$1.0M$521K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.73+0.028%$45K$797K20xas long as short
Nado SOL-PERP+0.0100%1h118.76+0.054%$5.8M$40.9M40xas long as short
Hyperliquid SOL+0.0100%1h118.80+0.087%$718.4M$407.3M20xas long as short
Aster SOLUSDT+0.0100%8h118.73+0.030%$178.3M$177.3M100xas long as short
Pacifica SOL+0.0100%1h118.75+0.048%$12.2M$122.3M20xas long as short
Binance SOLUSDT+0.0100%8h118.76+0.053%$979.8M$3.82B100xas long as short
Bybit SOLUSDT+0.0100%8h118.79+0.078%$823.8M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.77+0.062%$370.8M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.44−0.217%$230K$871K10xas long as short
Arcus SOL-USD+0.0100%1h118.78+0.073%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.65−0.042%$133.6M$4.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.71+0.011%$428.5M$1.14B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.71+0.012%$137.3M$206.8M75xas long as short
Bitget SOLUSDT+0.0100%8h118.74+0.035%$492.7M$458.7M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.60−0.082%$24.1M$38.6M50xas long as short
Variational Omni SOL+0.0100%8h118.48−0.184%$27.0M$128.9Mas long as short
edgeX SOLUSDC+0.0100%4h118.60−0.083%$95.3M$403.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.64−0.048%$48.6M$30.8M20xas long as short
StandX SOL-USD+0.0100%1h118.58−0.099%$1.3M$13.6M30xas long as short
Polymarket Perps SOL-USDshort+0.0100%1h118.55−0.124%$360K$2.4M20x
Bullet SOL-USD+0.0100%1h118.55−0.120%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.55−0.124%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h118.55−0.126%$192K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.57−0.107%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.57−0.107%$46.4M$102.5M50xas long as short
Phoenix SOL+0.0100%1h118.64−0.048%$6.6M$13.7M25xas long as short
Extended SOL-USD+0.0104%1h118.71+0.013%$8.6M$36.0M50xas long as short
Kraken Futures PF_SOLUSD+0.0106%1h118.58−0.095%$32.5M$96.9M100xas long as short
Aftermath Perps SOLUSD+0.0116%1h118.61−0.076%$24K$47K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.55−0.121%$225.7M500xas long as short
GMX SOL/USD [SOL-USDC]L +0.0166% / S −0.0070%1h118.57−0.110%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0170%1h118.66−0.031%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0185%1h118.54−0.136%$1.1M$538K25xas long as short
BloFin SOL-USDT+0.0220%8h118.59−0.090%$51.8M$80.0M125xas long as short
RISEx SOL/USDC+0.0226%1h118.75+0.047%$1.8M$4.8M20xas long as short