Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.001%

Price spread now: SunX against Lighter RH+0.095%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.095%, 7d avg −0.023%

Together, before fees−0.110%+ Points / potential airdropLighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.119% dearer against Lighter RH than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	116.37	0.0024	pay 0.0003% / 1h	36m 28s	$2.2M	$16.8M	25x
Short	SunX SOL-USDT	116.48	0.0100	get 0.0100% / 8h	1h 36m	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $15.96
Price spread: +0.095% → −0.023%: $11.86
Slippage, 4 orders: −$62.96
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$43.15
Costs to cover: 0.710%
Break-even: 25.9 days

Slippage from Lighter RH: live order book, 2 min ago; SunX: live order book, 9 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	0.86 bp	0.9 bp −$1	1.5 bp −$15	17.2 bp −$1,717	doesn't fit
Sell SunX live order book, 9 min ago	2.85 bp	36.6 bp −$37	58.3 bp −$583	doesn't fit	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
Hibachi SOL/USDT-P	−0.0136%	1h	116.50	+0.108%	$96K	$686K	20x	as long as short
Bybit SOLUSDT	−0.0116%	8h	116.35	−0.021%	$739.9M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.46	+0.077%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.50	+0.107%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.40	+0.023%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0018%	1h	116.37	−0.002%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.40	+0.024%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.50	+0.106%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.42	+0.041%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.41	+0.031%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOLlong	+0.0024%	1h	116.37	long leg	$2.2M	$16.8M	25x
01 Exchange SOLUSD	+0.0040%	1h	116.41	+0.031%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0046%	8h	116.33	−0.034%	$479.1M	$461.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.50	+0.107%	$8.0M	$404.5M	50x	as long as short
SoDEX SOL-USD	+0.0086%	1h	116.47	+0.082%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0086%	8h	116.37	−0.003%	$175.7M	$174.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	116.54	+0.140%	$26.4M	$21.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.38	+0.008%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.42	+0.036%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.39	+0.017%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.49	+0.099%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.38	+0.005%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.34	−0.031%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.47	+0.082%	$696.9M	$409.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.43	+0.046%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.37	−0.003%	$966.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.37	−0.003%	$368.0M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	+0.022%	$216K	$887K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.42	+0.039%	$900K	$8.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.37	−0.003%	$843.0M	$667.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.35	−0.021%	$362.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.35	−0.023%	$129.6M	$232.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.36	−0.010%	—	$373.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.43	+0.048%	$23.0M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.51	+0.121%	$24.9M	$111.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.40	+0.023%	$93.4M	$409.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.144%	$47.7M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.229%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.117%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.36	−0.012%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.38	+0.002%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.39	+0.009%	$27K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.48	+0.095%	$189K	$1.8M	30x
HTX SOL-USDT	+0.0100%	8h	116.44	+0.061%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.43	+0.048%	$45.3M	$105.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.151%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.35	−0.019%	$8.0M	$39.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.44	+0.052%	—	$237.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.108%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.55	+0.151%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.32	−0.046%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.057%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.38	+0.009%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.44	+0.058%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0498%	1h	116.51	+0.121%	$25K	$56K	20x	as long as short