Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Lighter+0.020%79s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.153% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.020%, 7d avg −0.025%

Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · edgeX: Active · 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: edgeX is 0.045% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	117.25	0.0096	pay 0.0012% / 1h	54m 11s	$13.2M	$54.4M	25x
Short	edgeX SOLUSDC	117.28	0.0100	get 0.0050% / 4h	1h 54m	$94.2M	$374.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.84
Price spread: +0.020% → −0.025%: $4.51
Slippage, 4 orders: −$6.25
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.9
Costs to cover: 0.153%
Break-even: 89.5 days

Slippage from Lighter: live order book, 8 min ago; edgeX: live order book, 3 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, 8 min ago	0.30 bp	0.5 bp −$1	1.1 bp −$11	7.2 bp −$724	22.3 bp −$11.2K
Sell edgeX live order book, 3 min ago	2.13 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$672	10.1 bp −$5,046

SOL on 54 exchanges

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	−0.0264%	1h	117.31	+0.051%	$99K	$647K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.155%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0051%	8h	117.22	−0.028%	$734.2M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0029%	1h	117.23	−0.020%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.20	−0.045%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.27	+0.011%	$1.3M	$15.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.22	−0.030%	$98K	$2.8M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.29	+0.033%	$26.4M	$18.3M	50x	as long as short
Vest SOL-PERP	+0.0007%	1h	117.20	−0.043%	—	$272K	20x	as long as short
Bitget SOLUSDT	+0.0029%	8h	117.23	−0.022%	$482.6M	$397.3M	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.25	0.000%	$8.4M	$369.0M	50x	as long as short
Aster SOLUSDT	+0.0043%	8h	117.23	−0.023%	$177.8M	$155.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0050%	8h	117.19	−0.057%	$995K	$5.1M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.22	−0.028%	$101K	$181K	20x	as long as short
dYdX SOL-USD	+0.0074%	1h	117.20	−0.041%	$9.3M	$17.9M	20x	as long as short
MEXC SOL_USDT	+0.0080%	8h	117.23	−0.020%	$430.7M	$911.2M	300x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.15	−0.090%	$348K	$258K	20x	as long as short
Binance SOLUSDT	+0.0081%	8h	117.23	−0.022%	$971.3M	$3.43B	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.27	+0.016%	$33.7M	$93.1M	100x	as long as short
Gate SOL_USDT	+0.0092%	8h	117.24	−0.011%	$842.5M	$585.0M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	117.25	long leg	$13.2M	$54.4M	25x
Lighter RH SOL	+0.0096%	1h	117.23	−0.017%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.24	−0.012%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.22	−0.028%	$45K	$879K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.20	−0.041%	$5.7M	$39.0M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.27	+0.014%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.23	−0.020%	$361.5M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.20	−0.045%	$223K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.28	+0.020%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.081%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.23	−0.017%	$134.5M	$225.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.24	−0.014%	—	$334.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.25	−0.003%	$23.2M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.28	+0.019%	$25.1M	$99.9M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.28	+0.020%	$94.2M	$374.1M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.33	+0.065%	$48.0M	$25.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.37	+0.098%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.28	+0.023%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.21	−0.037%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.21	−0.034%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.21	−0.039%	$27K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.21	−0.041%	$190K	$1.4M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.23	−0.022%	$226.8M	$40.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.25	−0.003%	$45.5M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.18	−0.066%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.21	−0.034%	—	$210.5M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.41	+0.134%	$6.6M	$12.2M	25x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.18	−0.066%	$1.1M	$93K	25x	as long as short
BloFin SOL-USDT	+0.0202%	8h	117.23	−0.020%	$51.6M	$57.1M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.344%	$4K	$117	12x	as long as short
Hyperliquid SOL	+0.0227%	1h	117.38	+0.108%	$723.9M	$364.7M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.24	−0.008%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.25	−0.001%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0384%	1h	117.32	+0.056%	$25K	$51K	20x	as long as short