Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.001%

Price spread now: Lighter RH against KuCoin−0.005%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.005%, 7d avg −0.006%

Together, before fees+0.075%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	116.54	0.0100	pay 0.0100% / 8h	58m 14s	$133.0M	$233.1M	75x
Short	Lighter RH SOL	116.53	0.0072	get 0.0009% / 1h	58m 14s	$2.2M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$5.88
Price spread: −0.005% → −0.006%: $0.07
Slippage, 4 orders: −$5.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$23.01
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	0.47 bp	8.1 bp −$8	10.5 bp −$105	16.4 bp −$1,640	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.16 bp	1.2 bp −$1	2.1 bp −$21	20.0 bp −$1,996	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
Hibachi SOL/USDT-P	−0.0208%	1h	116.55	+0.008%	$97K	$679K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.56	+0.024%	$32.3M	$106.1M	100x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.52	−0.014%	$737.5M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	−0.023%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.024%	$1.9M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.62	+0.072%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.48	−0.045%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.58	+0.038%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.51	−0.025%	$4.3M	$23.6M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.035%	$1.5M	$19.3M	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	116.52	−0.014%	$106K	$3.5M	8.3x	as long as short
Bitget SOLUSDT	+0.0034%	8h	116.53	−0.008%	$480.5M	$458.8M	100x	as long as short
SoDEX SOL-USD	+0.0038%	1h	116.54	+0.003%	$6.1M	$11.0M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.55	+0.015%	$8.0M	$401.9M	50x	as long as short
Aster SOLUSDT	+0.0070%	8h	116.53	−0.008%	$176.6M	$169.3M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0072%	1h	116.62	+0.073%	$26.4M	$21.7M	50x	as long as short
Lighter RH SOLshort	+0.0072%	1h	116.53	−0.005%	$2.2M	$16.6M	25x
01 Exchange SOLUSD	+0.0072%	1h	116.54	+0.003%	$99K	$177K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	116.54	+0.005%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.53	−0.006%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.55	+0.012%	$13.2M	$60.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.55	+0.014%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.48	−0.048%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	−0.036%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.64	+0.089%	$701.1M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.55	+0.010%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.54	0.000%	$965.3M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.53	−0.005%	$367.4M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.42	−0.100%	$216K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	−0.014%	$898K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.072%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.54	+0.003%	$851.9M	$656.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.52	−0.014%	$370.1M	$1.06B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	116.54	long leg	$133.0M	$233.1M	75x
BingX SOL-USDT	+0.0100%	8h	116.54	+0.001%	—	$372.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	+0.003%	$23.0M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.44	−0.078%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	−0.050%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.045%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.005%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.55	+0.012%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.50	−0.031%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.55	+0.015%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.55	+0.008%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	−0.036%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.49	−0.040%	$225.6M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.55	+0.012%	$45.3M	$104.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.50	−0.029%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.52	−0.018%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0178%	1h	116.59	+0.046%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.47	−0.055%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.039%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.57	+0.032%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.58	+0.040%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.63	+0.079%	$25K	$57K	20x	as long as short