Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against SunX−0.030%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on SunX Short on Lighter RH

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)+0.618%+$62 · spread now −0.030%, 7d avg +0.022%

Together, before fees+0.582%+ Points / potential airdropLighter RH: Points live · farm board+$58 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 0.053% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	117.53	0.0100	pay 0.0100% / 8h	5h 42m	$190K	$1.8M	30x
Short	Lighter RH SOL	117.49	0.0096	get 0.0012% / 1h	42m 17s	$2.1M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$0.84
Price spread: −0.030% → +0.022%: −$5.28
Slippage, 4 orders: −$36.46
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$50.58
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from SunX: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 3 min ago	3.90 bp	22.5 bp −$22	33.7 bp −$337	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.24 bp	1.2 bp −$1	2.1 bp −$21	18.0 bp −$1,804	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
Hotstuff SOL-PERP	−0.0080%	1h	117.36	−0.139%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.44	−0.074%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.51	−0.017%	$31.5M	$98.1M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.42	−0.091%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.50	−0.024%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.46	−0.058%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.56	+0.027%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDT	+0.0055%	8h	117.49	−0.030%	$228.2M	$45.6M	75x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.54	+0.010%	$100K	$163K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0057%	1h	117.55	+0.015%	$26.4M	$25.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.55	+0.016%	$8.0M	$403.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.34	−0.165%	$100K	$691K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.47	−0.052%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.51	−0.018%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.52	−0.007%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.49	−0.030%	$2.1M	$16.2M	25x
Aevo SOL-PERP	+0.0096%	1h	117.50	−0.021%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.49	−0.033%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.51	−0.018%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.49	−0.029%	$5.7M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.53	0.000%	$176.4M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.52	−0.007%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.51	−0.019%	$967.1M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.52	−0.006%	$820.7M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.49	−0.033%	$365.8M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	−0.127%	$237K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.52	−0.007%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	−0.067%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.53	+0.001%	$858.3M	$646.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.51	−0.016%	$424.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.52	−0.004%	$130.2M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.50	−0.028%	$486.6M	$433.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	−0.050%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	−0.140%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	−0.119%	$94.3M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.27	−0.224%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.48	−0.041%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	−0.127%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.50	−0.024%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.51	−0.013%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.48	−0.037%	$25K	$27K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	117.53	long leg	$190K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.51	−0.016%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.50	−0.024%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.47	−0.047%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.44	−0.074%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.027%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.065%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0168%	1h	117.62	+0.078%	$718.4M	$393.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.49	−0.032%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.127%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.48	−0.041%	$51.9M	$71.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.50	−0.027%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0382%	1h	117.47	−0.049%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.53	+0.003%	$128K	$3.8M	8.3x	as long as short