Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: 01 Exchange against Lighter RH+0.005%53s7-day average +0.031% · 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−$200.200% of the position

Long on Lighter RH Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now +0.005%, 7d avg +0.031%

Together, before fees+0.168%+ Points / potential airdropLighter RH: Points live · farm board+$17 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: 01 Exchange is 0.026% cheaper against Lighter RH than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 53 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	119.35	0.0096	pay 0.0012% / 1h	35m 43s	$2.1M	$16.8M	25x
Short	01 Exchange SOLUSD	119.36	0.0096	get 0.0012% / 1h	35m 43s	$104K	$153K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.031%: −$2.57
Slippage, 4 orders: −$12.96
Fee Lighter RH: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$22.53
Costs to cover: 0.200%
Break-even: 46291324320328928.0 days

Slippage from Lighter RH: live order book, 3 min ago; 01 Exchange: live order book, 48 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	1.38 bp	1.4 bp −$1	2.2 bp −$22	17.5 bp −$1,753	doesn't fit
Sell 01 Exchange live order book, 48 min ago	0.83 bp	8.8 bp −$9	12.9 bp −$129	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
Bluefin SOL-PERP	−0.0269%	1h	119.33	−0.024%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.23	−0.107%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.43	+0.065%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.31	−0.035%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.33	−0.016%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.32	−0.027%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.42	+0.059%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.34	−0.008%	$181K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.48	+0.102%	$120K	$611K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0031%	1h	119.35	−0.005%	$26.7M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SOL	+0.0054%	1h	119.84	+0.407%	$6.6M	$13.6M	25x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.33	−0.021%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0069%	1h	119.53	+0.149%	$24K	$47K	20x	as long as short
HTX SOL-USDT	+0.0079%	8h	119.36	+0.004%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.34	−0.013%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0081%	8h	119.38	+0.022%	$872.0M	$681.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.38	+0.023%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.35	long leg	$2.1M	$16.8M	25x
01 Exchange SOLUSDshort	+0.0096%	1h	119.36	+0.005%	$104K	$153K	20x
Aevo SOL-PERP	+0.0096%	1h	119.30	−0.047%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.34	−0.008%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.32	−0.028%	$45K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.33	−0.016%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.45	+0.080%	$719.3M	$415.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.35	−0.007%	$178.6M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	+0.050%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.40	+0.039%	$987.6M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.42	+0.055%	$825.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.42	+0.055%	$371.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	+0.022%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.41	+0.044%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.41	+0.047%	$452.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.37	+0.013%	$141.0M	$200.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	+0.003%	$495.8M	$454.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.32	−0.028%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.76	+0.341%	$27.8M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.62	+0.220%	$96.1M	$399.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.61	+0.219%	$49.0M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.56	+0.173%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.46	+0.089%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.31	−0.037%	$366K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.31	−0.039%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.33	−0.017%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.29	−0.054%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.32	−0.028%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.330%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.32	−0.032%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.30	−0.046%	$8.4M	$414.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.43	+0.068%	—	$222.2M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.28	−0.058%	$32.6M	$95.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0086%	1h	119.32	−0.026%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.29	−0.052%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.38	+0.025%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.188%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.45	+0.080%	$52.2M	$82.9M	125x	as long as short