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 +0.002%

Price spread now: Lighter RH against Gate0.000%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.015%+$2 · spread now 0.000%, 7d avg +0.003%

Together, before fees+0.103%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOL_USDT	119.28	0.0092	pay 0.0092% / 8h	1h 18m	$870.6M	$685.7M	100x
Short	Lighter RH SOL	119.28	0.0096	get 0.0012% / 1h	18m 22s	$2.1M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → +0.003%: −$0.3
Slippage, 4 orders: −$7.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.8
Costs to cover: 0.223%
Break-even: 188.6 days

Slippage from Gate: live order book, 6 min ago; Lighter RH: live order book, 6 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 Gate live order book, 6 min ago	0.42 bp	7.9 bp −$8	9.3 bp −$93	13.9 bp −$1,393	26.9 bp −$13.5K
Sell Lighter RH live order book, 6 min ago	2.06 bp	2.1 bp −$2	2.3 bp −$23	22.1 bp −$2,213	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	−0.0404%	1h	119.26	−0.018%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.17	−0.095%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	+0.003%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.21	−0.060%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	+0.008%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.31	+0.023%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.25	−0.029%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.29	+0.008%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.31	+0.029%	$119K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.067%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0065%	1h	119.31	+0.027%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.27	−0.006%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.28	0.000%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.30	+0.015%	—	$374.0M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.20	−0.069%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDTlong	+0.0092%	8h	119.28	long leg	$870.6M	$685.7M	100x
Deribit SOL_USDC-PERPETUAL	+0.0094%	1h	119.30	+0.017%	$26.7M	$27.7M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.29	+0.008%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	119.28	0.000%	$2.1M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	119.22	−0.049%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.23	−0.041%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.025%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.26	−0.019%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.33	+0.042%	$718.9M	$417.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.28	0.000%	$178.6M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.32	+0.037%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.25	−0.025%	$985.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.27	−0.005%	$826.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.24	−0.034%	$372.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	0.000%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.022%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	+0.002%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.25	−0.025%	$460.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.25	−0.025%	$140.3M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.24	−0.031%	$495.6M	$455.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.27	−0.008%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	+0.050%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	+0.081%	$95.9M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.008%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	+0.069%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.26	−0.017%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.034%	$367K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.012%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.24	−0.036%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.24	−0.034%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.26	−0.017%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.24	−0.037%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.27	−0.009%	$8.1M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.25	−0.025%	—	$224.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.24	−0.032%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.29	+0.007%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.23	−0.041%	$1.1M	$552K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.27	−0.005%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.084%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.042%	$52.1M	$82.8M	125x	as long as short