Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.037%
Price spread now: BloFin against Lighter+0.086%60s7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$150.151% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.217%+$22 on $10k
Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.086%, 7d avg −0.022%
Together, before fees+0.027%+ Points / potential airdropLighter: Season 3 · farm board+$3 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 BloFin is 0.108% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.022%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SOL115.630.0096pay 0.0012% / 1h27m 55s$12.9M$61.0M25x
ShortBloFin SOL-USDT115.730.0220get 0.0220% / 8h2h 27m$51.5M$67.7M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$26.04
Price spread: +0.086% → −0.022%
$10.81
Slippage, 4 orders
−$3.06
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$21.78
Costs to cover
0.151%
Break-even
1.1 days
Slippage from Lighter: live order book, 6 min ago; BloFin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago0.39 bp1.4 bp −$12.3 bp −$237.3 bp −$73424.2 bp −$12.1K
Sell BloFin live order book, 6 min ago0.43 bp6.4 bp −$67.0 bp −$708.9 bp −$88813.2 bp −$6,599

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0242%1h115.63−0.001%$31.6M$103.2M100xas long as short
Hibachi SOL/USDT-P−0.0184%1h115.87+0.209%$104K$693K20xas long as short
BingX SOL-USDC−0.0116%8h115.60−0.023%$10.6Mas long as short
Bybit SOLUSDT−0.0115%8h115.56−0.061%$738.5M$1.42B100xas long as short
Vest SOL-PERP−0.0088%1h115.65+0.016%$625K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.18+0.478%$1K$8K25xas long as short
Derive SOL-PERP−0.0073%1h115.53−0.085%$1.9M$2.9M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.61−0.017%$41K150xas long as short
Kalshi KXSOLPERP0.0000%8h115.66+0.030%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m115.67+0.033%$113K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0012%1h115.72+0.079%$4.3M$24.0M20xas long as short
01 Exchange SOLUSD+0.0016%1h115.65+0.017%$98K$177K20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0027%1h115.67+0.035%$26.2M$22.0M50xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h115.66+0.022%$7.8M$402.5M50xas long as short
Bitget SOLUSDT+0.0067%8h115.58−0.048%$478.4M$455.9M100xas long as short
Bullet SOL-USD+0.0089%1h115.60−0.023%$147K$1.6M20xas long as short
Orderly PERP_SOL_USDC+0.0096%8h115.63+0.003%$1.0M$5.9M100xas long as short
Lighter SOLlong+0.0096%1h115.63long leg$12.9M$61.0M25x
Lighter RH SOL+0.0096%1h115.62−0.009%$2.2M$16.9M25xas long as short
Aevo SOL-PERP+0.0096%1h115.63−0.004%$348K$247K20xas long as short
Aster SOLUSDT+0.0099%8h115.630.000%$173.4M$185.1M100xas long as short
Katana Perps SOL-USD+0.0099%8h115.61−0.017%$62K$911K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h115.69+0.048%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h115.65+0.016%$5.2M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h115.73+0.086%$685.1M$400.2M20xas long as short
Pacifica SOL+0.0100%1h115.71+0.072%$15.6M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h115.60−0.025%$961.2M$3.88B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h115.61−0.017%$360.5M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h115.64+0.009%$215K$869K10xas long as short
Arcus SOL-USD+0.0100%1h115.68+0.043%$913K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h115.84+0.182%$125.6M$19.8M20xas long as short
Gate SOL_USDT+0.0100%8h115.62−0.009%$838.3M$667.9M100xas long as short
MEXC SOL_USDT+0.0100%8h115.61−0.017%$356.7M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h115.60−0.027%$124.3M$229.5M75xas long as short
Backpack SOL_USDC_PERP+0.0100%1h115.65+0.017%$22.8M$39.8M50xas long as short
Variational Omni SOL+0.0100%8h115.67+0.032%$24.7M$114.3Mas long as short
edgeX SOLUSDC+0.0100%4h115.77+0.125%$92.9M$406.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.76+0.112%$47.4M$30.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h115.81+0.157%$1.1M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h115.83+0.173%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h115.60−0.026%$317K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h115.61−0.014%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h115.63−0.004%$188K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h115.62−0.009%$6.0M$10.9M20xas long as short
HTX SOL-USDT+0.0100%8h115.60−0.026%$223.9M$50.0M75xas long as short
Phemex SOLUSDT+0.0100%8h115.65+0.017%$45.0M$104.6M50xas long as short
Extended SOL-USD+0.0104%1h115.56−0.062%$7.9M$38.8M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h115.62−0.007%$239.6M500xas long as short
Injective SOL/USDC PERP+0.0173%1h116.55+0.796%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h115.87+0.208%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERP+0.0193%1h115.59−0.037%$1.1M$542K25xas long as short
BloFin SOL-USDTshort+0.0220%8h115.73+0.086%$51.5M$67.7M125x
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0173%1h115.61−0.020%$3.5M200xas long as short
RISEx SOL/USDC+0.0547%1h115.71+0.072%$1.9M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0598%1h115.86+0.202%$25K$53K20xas long as short