Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter RH against OKX+0.045%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.045%, 7d avg +0.011%

Together, before fees+0.029%+ Points / potential airdropLighter RH: Points live · farm board+$3 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: Lighter RH is 0.035% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOL-USDT-SWAP	118.76	0.0100	pay 0.0100% / 8h	1h 10m	$371.3M	$1.71B	100x
Short	Lighter RH SOL	118.81	0.0096	get 0.0012% / 1h	10m 30s	$2.2M	$17.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$0.84
Price spread: +0.045% → +0.011%: $3.49
Slippage, 4 orders: −$3.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Lighter RH: live order book, 3 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 OKX live order book, 4 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	6.7 bp −$674	16.3 bp −$8,131
Sell Lighter RH live order book, 3 min ago	1.47 bp	1.7 bp −$2	2.6 bp −$26	19.3 bp −$1,929	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	−0.0275%	1h	118.84	+0.072%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	118.77	+0.009%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.83	+0.058%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	118.75	−0.007%	—	$723K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.83	+0.056%	$112K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	118.81	+0.045%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.119%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.81	+0.041%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	118.97	+0.177%	$6.5M	$13.6M	25x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	118.96	+0.169%	$118K	$613K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0069%	8h	118.86	+0.088%	$1.0M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.82	+0.051%	$104K	$155K	20x	as long as short
Aftermath Perps SOLUSD	+0.0073%	1h	119.06	+0.255%	$24K	$47K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.79	+0.023%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0080%	8h	118.75	−0.010%	$231.2M	$45.0M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	118.90	+0.119%	$26.6M	$27.7M	50x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.82	+0.051%	$867.8M	$688.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.83	+0.062%	$13.6M	$56.0M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	118.81	+0.045%	$2.2M	$17.0M	25x
Aevo SOL-PERP	+0.0096%	1h	118.85	+0.074%	$352K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.78	+0.016%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.79	+0.025%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.83	+0.058%	$6.0M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.86	+0.084%	$715.9M	$417.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	+0.013%	$177.9M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.85	+0.076%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.83	+0.059%	$979.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.85	+0.076%	$826.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAPlong	+0.0100%	8h	118.76	long leg	$371.3M	$1.71B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	+0.017%	$233K	$884K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.85	+0.074%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.85	+0.076%	$133.1M	$7.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.79	+0.025%	$452.9M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.79	+0.023%	$139.5M	$202.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	−0.007%	$494.4M	$456.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.84	+0.067%	$24.1M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.22	+0.387%	$27.3M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.00	+0.205%	$95.6M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.97	+0.177%	$48.7M	$31.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.93	+0.144%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.89	+0.109%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.77	+0.008%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.82	+0.052%	$200K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	+0.074%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.85	+0.076%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.85	+0.076%	$46.4M	$102.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.78	+0.013%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.87	+0.092%	$8.2M	$415.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.81	+0.043%	—	$224.7M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	118.84	+0.066%	$32.6M	$97.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	118.82	+0.051%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	118.76	−0.004%	$1.1M	$551K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	118.83	+0.063%	$1.7M	$5.8M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.522%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	+0.042%	$52.0M	$82.7M	125x	as long as short