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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.033%
Price spread now: Reya against Lighter RH+0.040%45s7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.131%+$13 on $10k
Price spread, last 3 days (all we have)+0.272%+$27 · spread now +0.040%, 7d avg −0.004%
Together, before fees+0.402%+ Points / potential airdropLighter RH: Points live · Reya: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.045% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SOL118.790.0096pay 0.0012% / 1h58m 53s$2.1M$16.5M25x
ShortReya SOLRUSDPERP118.840.0185get 0.0023% / 1h58m 53s$1.1M$535K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$18.64
Price spread: +0.040% → −0.004%
$4.46
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
$17.1
Costs to cover
0.060%
Break-even
0.6 days
Slippage unknown: Lighter RH: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.

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, 5 min ago1.30 bp1.3 bp −$12.1 bp −$2118.0 bp −$1,804doesn't fit
Sell Reya no order-book sample
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 54 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
Bluefin SOL-PERP−0.2307%1h118.88+0.076%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h118.92+0.104%$843$8K25xas long as short
Vest SOL-PERP−0.0078%1h118.82+0.026%$723K20xas long as short
Derive SOL-PERP−0.0062%1h118.79−0.005%$2.0M$2.8M13xas long as short
dYdX SOL-USD−0.0023%1h118.93+0.119%$4.9M$28.0M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.89+0.082%$32.6M$97.1M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.86+0.056%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.88+0.074%$1.2M$20.8M3.1xas long as short
Perpl SOL0.0000%43m118.89+0.083%$175K$3.9M8.3xas long as short
ApeX Omni SOLUSDT+0.0029%1h118.78−0.009%$1.5M$6.1M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL+0.0042%1h118.92+0.108%$26.6M$25.7M50xas long as short
01 Exchange SOLUSD+0.0064%1h118.92+0.108%$103K$158K20xas long as short
Gate SOL_USDT+0.0066%8h118.81+0.015%$861.1M$657.1M100xas long as short
Orderly PERP_SOL_USDC+0.0078%8h118.88+0.073%$1.0M$5.9M100xas long as short
BingX SOL-USDT+0.0080%8h118.86+0.056%$370.4Mas long as short
Hibachi SOL/USDT-P+0.0080%1h118.97+0.153%$121K$642K20xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.91+0.099%$8.2M$416.9M50xas long as short
Lighter SOL+0.0096%1h118.75−0.031%$13.4M$54.5M25xas long as short
Lighter RH SOLlong+0.0096%1h118.79long leg$2.1M$16.5M25x
Aevo SOL-PERP+0.0096%1h118.89+0.082%$352K$568K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.85+0.046%$1.0M$520K50xas long as short
Nado SOL-PERP+0.0100%1h118.86+0.059%$5.9M$41.0M40xas long as short
Hyperliquid SOL+0.0100%1h118.95+0.133%$720.0M$408.4M20xas long as short
Aster SOLUSDT+0.0100%8h118.84+0.040%$178.5M$177.4M100xas long as short
Pacifica SOL+0.0100%1h118.89+0.082%$12.2M$122.9M20xas long as short
Binance SOLUSDT+0.0100%8h118.85+0.048%$979.5M$3.82B100xas long as short
Bybit SOLUSDT+0.0100%8h118.87+0.068%$823.0M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.84+0.040%$371.3M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.82+0.024%$231K$883K10xas long as short
Arcus SOL-USD+0.0100%1h118.90+0.088%$1.9M$9.1M20xas long as short
Bulk SOL-USD+0.0100%1h118.65−0.122%$133.6M$4.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.85+0.049%$429.5M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.87+0.064%$138.1M$207.2M75xas long as short
Bitget SOLUSDT+0.0100%8h118.84+0.037%$492.9M$458.7M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.85+0.049%$24.2M$38.5M50xas long as short
Variational Omni SOL+0.0100%8h118.79−0.003%$27.0M$128.8Mas long as short
edgeX SOLUSDC+0.0100%4h118.78−0.008%$95.4M$403.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.90+0.091%$48.7M$30.5M20xas long as short
StandX SOL-USD+0.0100%1h118.92+0.108%$1.4M$13.7M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.86+0.057%$362K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.85+0.050%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.85+0.046%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.87+0.066%$6.2M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h118.82+0.022%$231.3M$45.0M75xas long as short
Phemex SOLUSDT+0.0100%8h118.86+0.057%$46.5M$102.5M50xas long as short
Phoenix SOL+0.0100%1h118.85+0.049%$6.6M$13.5M25xas long as short
Extended SOL-USD+0.0104%1h118.83+0.029%$8.7M$36.0M50xas long as short
Aftermath Perps SOLUSD+0.0116%1h118.78−0.006%$24K$47K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.88+0.077%$225.7M500xas long as short
RISEx SOL/USDC+0.0161%1h118.87+0.068%$1.8M$4.8M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0166% / S −0.0084%1h118.85+0.046%$3.5M200xas long as short
Injective SOL/USDC PERP+0.0173%1h118.66−0.111%$4K$2K12xas long as short
Reya SOLRUSDPERPshort+0.0185%1h118.84+0.040%$1.1M$535K25x
BloFin SOL-USDT+0.0220%8h118.87+0.066%$51.9M$80.3M125xas long as short