Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aevo against Lighter−0.124%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.124%, 7d avg −0.027%

Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 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: Aevo is 0.097% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	117.58	0.0096	pay 0.0012% / 1h	59m 25s	$13.1M	$58.8M	25x
Short	Aevo SOL-PERP	117.43	0.0096	get 0.0012% / 1h	59m 25s	$344K	$256K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.027%: −$9.7
Slippage, 4 orders: −$17.3
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$43
Costs to cover: 0.333%
Break-even: 88352762822469312.0 days

Slippage from Lighter: live order book, 10 min ago; Aevo: 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 Lighter live order book, 10 min ago	0.04 bp	0.0 bp $0	1.5 bp −$15	6.0 bp −$602	21.5 bp −$10.7K
Sell Aevo live order book, 5 min ago	1.79 bp	16.7 bp −$17	30.3 bp −$303	doesn't fit	doesn't fit

SOL on 54 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	117.59	+0.014%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.47	−0.093%	—	$605K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.54	−0.031%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.008%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.47	−0.091%	$1.4M	$20.2M	3.1x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.33	−0.215%	$2.0M	$2.8M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0024%	1h	117.43	−0.125%	$26.4M	$25.6M	50x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.37	−0.174%	$228.1M	$45.4M	75x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.58	+0.001%	$100K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.39	−0.158%	$31.5M	$98.3M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.41	−0.141%	$100K	$690K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.41	−0.145%	$8.0M	$403.7M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.54	−0.034%	—	$10.6M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	117.55	−0.025%	$849.2M	$640.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.41	−0.144%	$1.0M	$5.8M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	117.58	long leg	$13.1M	$58.8M	25x
Lighter RH SOL	+0.0096%	1h	117.56	−0.019%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERPshort	+0.0096%	1h	117.43	−0.124%	$344K	$256K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	117.56	−0.015%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.050%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.48	−0.080%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.56	−0.016%	$176.4M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.60	+0.018%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.56	−0.018%	$969.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.56	−0.019%	$820.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.54	−0.033%	$366.5M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.178%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.59	+0.010%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.54	−0.033%	$423.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	+0.003%	$130.6M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.52	−0.052%	$487.0M	$435.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.39	−0.161%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	−0.106%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	−0.122%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.131%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.44	−0.118%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.41	−0.144%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.53	−0.042%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.53	−0.043%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.40	−0.150%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	−0.179%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.40	−0.152%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.40	−0.152%	$45.7M	$100.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.105%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	−0.042%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.55	−0.027%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	−0.101%	—	$221.8M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.019%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0149%	1h	117.65	+0.060%	$717.8M	$395.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.52	−0.049%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.110%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.39	−0.160%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0360%	1h	117.55	−0.025%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	−0.006%	$128K	$3.8M	8.3x	as long as short