Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget+0.032%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.149% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.032%, 7d avg +0.009%

Together, before fees+0.029%+ Points / potential airdropLighter: Season 3 · 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 is 0.023% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	119.18	0.0100	pay 0.0100% / 8h	7h 08m	$494.7M	$438.2M	100x
Short	Lighter SOL	119.22	0.0096	get 0.0012% / 1h	8m 44s	$13.7M	$57.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.84
Price spread: +0.032% → +0.009%: $2.27
Slippage, 4 orders: −$2.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.42
Costs to cover: 0.149%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 5 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 Bitget live order book, 5 min ago	0.13 bp	6.7 bp −$7	7.5 bp −$75	13.4 bp −$1,343	doesn't fit
Sell Lighter live order book, 5 min ago	0.04 bp	1.1 bp −$1	2.2 bp −$22	7.0 bp −$697	21.3 bp −$10.7K

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
Derive SOL-PERP	−0.0082%	1h	119.31	+0.109%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.36	+0.157%	$933	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.33	+0.124%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	119.41	+0.193%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0029%	8h	119.30	+0.106%	$232.1M	$43.9M	75x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.22	+0.036%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.37	+0.158%	$32.4M	$97.1M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.40	+0.189%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.40	+0.188%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.45	+0.232%	$125K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	119.41	+0.195%	$104K	$160K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0037%	1h	119.43	+0.210%	$26.8M	$24.8M	50x	as long as short
Gate SOL_USDT	+0.0074%	8h	119.28	+0.086%	$855.9M	$673.2M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.19	+0.010%	—	$366.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.40	+0.184%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.38	+0.172%	$8.2M	$410.6M	50x	as long as short
ApeX Omni SOLUSDT	+0.0090%	1h	119.16	−0.015%	$1.5M	$6.0M	50x	as long as short
Lighter SOLshort	+0.0096%	1h	119.22	+0.032%	$13.7M	$57.2M	25x
Lighter RH SOL	+0.0096%	1h	119.17	−0.007%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.40	+0.182%	$350K	$253K	20x	as long as short
Bluefin SOL-PERP	+0.0097%	1h	119.39	+0.175%	$37K	$17K	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.17	−0.003%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.37	+0.161%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	+0.155%	$6.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.39	+0.178%	$731.3M	$394.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.29	+0.094%	$180.3M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.24	+0.049%	$12.3M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.21	+0.025%	$981.6M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.21	+0.029%	$828.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.15	−0.023%	$372.6M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.34	+0.136%	$234K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	−0.003%	$2.1M	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.353%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.18	+0.002%	$433.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.25	+0.065%	$139.2M	$203.4M	75x	as long as short
Bitget SOLUSDTlong	+0.0100%	8h	119.18	long leg	$494.7M	$438.2M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	119.36	+0.153%	$24.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.19	+0.006%	$24.9M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.20	+0.015%	$95.7M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	−0.037%	$48.8M	$29.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.20	+0.018%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.39	+0.178%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.40	+0.183%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.38	+0.172%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.37	+0.161%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.38	+0.169%	$46.8M	$99.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.27	+0.076%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.28	+0.086%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.32	+0.118%	—	$225.6M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.20	+0.016%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.141%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.37	+0.160%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.39	+0.178%	$52.1M	$74.3M	125x	as long as short
Aftermath Perps SOLUSD	+0.0224%	1h	119.28	+0.087%	$25K	$51K	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.40	+0.187%	$3.7M	—	200x	as long as short