Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.001%

Price spread now: Lighter RH against HTX+0.055%7-day average +0.011% · 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−$10as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.055%, 7d avg +0.011%

Together, before fees0.000%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.043% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread 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	HTX SOL-USDT	117.82	−0.0037	get 0.0037% / 8h	6h 44m	$229.1M	$45.0M	75x
Short	Lighter RH SOL	117.88	0.0096	get 0.0012% / 1h	44m 33s	$2.2M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now +0.055%Rate

Funding earned: $28.03
Price spread: +0.055% → +0.011%: $4.33
Slippage, 4 orders: −$2.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $17.62
Costs to cover: 0.147%
Break-even: 2.6 days

Slippage from HTX: live order book, 5 min ago; Lighter RH: live order book, 4 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 HTX live order book, 5 min ago	0.00 bp	6.0 bp −$6	6.9 bp −$69	13.4 bp −$1,339	37.8 bp −$18.9K
Sell Lighter RH live order book, 4 min ago	1.18 bp	1.2 bp −$1	2.0 bp −$20	19.9 bp −$1,988	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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.231%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.00	+0.151%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.92	+0.083%	$922	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.88	+0.057%	—	$610K	20x	as long as short
HTX SOL-USDTlong	−0.0037%	8h	117.82	long leg	$229.1M	$45.0M	75x
Derive SOL-PERP	−0.0022%	1h	117.81	−0.006%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0011%	8h	117.88	+0.053%	$852.0M	$653.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.90	+0.069%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.92	+0.089%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.94	+0.100%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.94	+0.103%	$128K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.95	+0.112%	$2.0M	$4.7M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0038%	1h	117.91	+0.076%	$26.4M	$25.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.85	+0.023%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.90	+0.068%	$7.9M	$411.6M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.83	+0.010%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	117.89	+0.060%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.02	+0.172%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.89	+0.061%	$13.0M	$59.0M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.88	+0.055%	$2.2M	$16.7M	25x
Aevo SOL-PERP	+0.0096%	1h	117.87	+0.048%	$345K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.89	+0.061%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.89	+0.061%	$49K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.00	+0.155%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.91	+0.078%	$177.1M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.102%	$14.0M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.99	+0.146%	$978.9M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.03	+0.180%	$824.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.99	+0.146%	$369.4M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.84	+0.019%	$239K	$895K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.98	+0.135%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.89	+0.061%	$423.3M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.94	+0.106%	$133.8M	$208.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.97	+0.134%	$489.7M	$446.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.89	+0.061%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	+0.160%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.208%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.289%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.94	+0.104%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.95	+0.112%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.89	+0.064%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.89	+0.057%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	+0.067%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.86	+0.036%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.90	+0.070%	$45.9M	$101.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.214%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.341%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.90	+0.074%	$8.2M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0109%	1h	117.99	+0.148%	$718.8M	$402.7M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.89	+0.065%	—	$228.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.93	+0.094%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.189%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.324%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.89	+0.061%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0309%	1h	118.03	+0.182%	$25K	$51K	20x	as long as short