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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.002%
Price spread now: Lighter RH against Paradex−0.034%58s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$110.107% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%+$1 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.034%, 7d avg 0.000%
Together, before fees+0.019%+ Points / potential airdropParadex: Active · Lighter RH: Points live · farm board+$2 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 0.034% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex SOL-USD-PERP119.160.0099pay 0.0099% / 8h2h 01m$1.0M$523K50x
ShortLighter RH SOL119.120.0096get 0.0012% / 1h1m 45s$2.1M$17.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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
−$0.7
Price spread: −0.034% → 0.000%
−$3.38
Slippage, 4 orders
−$6.7
Fee Paradex: 2 bp × 2 orders
−$4
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$14.78
Costs to cover
0.107%
Break-even
never at this rate
Slippage from Paradex: live order book, 2 min ago; Lighter RH: live order book, 2 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 Paradex live order book, 2 min ago1.89 bp3.9 bp −$49.4 bp −$94doesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago1.09 bp1.8 bp −$23.0 bp −$3026.8 bp −$2,683doesn'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
Injective SOL/USDC PERP−0.0151%1h119.41+0.213%$4K$2K12xas long as short
Hotstuff SOL-PERP−0.0080%1h119.22+0.055%$845$8K25xas long as short
Vest SOL-PERP−0.0067%1h119.12−0.028%$724K20xas long as short
Derive SOL-PERP−0.0056%1h119.08−0.061%$2.0M$3.1M13xas long as short
dYdX SOL-USD−0.0008%1h119.18+0.022%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.19+0.027%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.24+0.067%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.17+0.010%$179K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL0.0000%1h119.19+0.030%$26.7M$27.6M50xas long as short
Aftermath Perps SOLUSD+0.0042%1h119.26+0.089%$24K$47K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SOL-USDT+0.0062%8h119.19+0.030%$232.2M$44.7M75xas long as short
Orderly PERP_SOL_USDC+0.0063%8h119.19+0.029%$1.1M$5.9M100xas long as short
Hibachi SOL/USDT-P+0.0064%1h119.24+0.069%$120K$633K20xas long as short
01 Exchange SOLUSD+0.0072%1h119.20+0.037%$104K$152K20xas long as short
BingX SOL-USDT+0.0080%8h119.15−0.002%$374.6Mas long as short
Gate SOL_USDT+0.0092%8h119.10−0.047%$868.4M$690.1M100xas long as short
Lighter SOL+0.0096%1h119.14−0.018%$13.6M$55.9M25xas long as short
Lighter RH SOLshort+0.0096%1h119.12−0.034%$2.1M$17.1M25x
Aevo SOL-PERP+0.0096%1h119.15−0.007%$353K$748K20xas long as short
ApeX Omni SOLUSDT+0.0097%1h119.07−0.075%$1.5M$6.2M50xas long as short
Paradex SOL-USD-PERPlong+0.0099%8h119.16long leg$1.0M$523K50x
Katana Perps SOL-USD+0.0100%8h119.18+0.020%$49K$785K20xas long as short
Nado SOL-PERP+0.0100%1h119.16+0.003%$6.3M$42.0M40xas long as short
Hyperliquid SOL+0.0100%1h119.25+0.079%$719.3M$414.2M20xas long as short
Aster SOLUSDT+0.0100%8h119.15−0.008%$178.7M$176.1M100xas long as short
Pacifica SOL+0.0100%1h119.18+0.017%$12.4M$115.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.13−0.024%$976.3M$3.78B100xas long as short
Bybit SOLUSDT+0.0100%8h119.15−0.005%$824.0M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.14−0.013%$371.3M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.10−0.047%$233K$874K10xas long as short
Arcus SOL-USD+0.0100%1h119.23+0.062%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h119.25+0.079%$133.7M$10.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.16+0.003%$439.2M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.13−0.024%$140.6M$198.8M75xas long as short
Bitget SOLUSDT+0.0100%8h119.13−0.019%$496.4M$453.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.13−0.022%$24.3M$38.2M50xas long as short
Variational Omni SOL+0.0100%8h119.15−0.005%$27.5M$127.7Mas long as short
edgeX SOLUSDC+0.0100%4h119.12−0.033%$95.7M$398.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.15−0.007%$48.8M$33.1M20xas long as short
StandX SOL-USD+0.0100%1h119.24+0.070%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.16+0.003%$364K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.16+0.002%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h119.20+0.035%$38K$16K25xas long as short
SunX SOL-USDT+0.0100%8h119.16+0.007%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.13−0.022%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.16+0.003%$46.5M$102.0M50xas long as short
Extended SOL-USD+0.0104%1h119.07−0.069%$8.7M$36.6M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.18+0.017%$8.2M$416.4M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.25+0.076%$222.1M500xas long as short
Phoenix SOL+0.0154%1h119.18+0.020%$6.6M$12.5M25xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0089%1h119.19+0.026%$3.6M200xas long as short
RISEx SOL/USDC+0.0175%1h119.21+0.043%$1.6M$6.0M20xas long as short
Reya SOLRUSDPERP+0.0180%1h119.16−0.001%$1.1M$558K25xas long as short
BloFin SOL-USDT+0.0220%8h119.16+0.003%$52.0M$86.8M125xas long as short
Kraken Futures PF_SOLUSD+0.0223%1h119.15−0.001%$35.4M$91.3M100xas long as short