Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter+0.014%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.014%, 7d avg +0.002%

Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.70	0.0096	pay 0.0012% / 1h	23m 16s	$13.0M	$60.7M	25x
Short	KuCoin SOLUSDTM	116.72	0.0100	get 0.0100% / 8h	1h 23m	$130.1M	$232.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0.84
Price spread: +0.014% → +0.002%: $1.21
Slippage, 4 orders: −$4.77
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$14.72
Costs to cover: 0.168%
Break-even: 129.7 days

Slippage from Lighter: live order book, 6 min ago; KuCoin: 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 Lighter live order book, 6 min ago	0.43 bp	1.1 bp −$1	2.2 bp −$22	5.9 bp −$586	20.9 bp −$10.4K
Sell KuCoin live order book, 6 min ago	0.04 bp	6.5 bp −$6	9.1 bp −$91	19.8 bp −$1,982	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	−0.0168%	1h	116.81	+0.088%	$99K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.65	−0.045%	$740.7M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.80	+0.081%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.75	+0.041%	$32.3M	$106.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.322%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0033%	1h	116.70	0.000%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.026%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.79	+0.075%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.72	+0.019%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0019%	1h	116.76	+0.049%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.67	−0.024%	$2.2M	$16.9M	25x	as long as short
Bitget SOLUSDT	+0.0042%	8h	116.67	−0.027%	$480.5M	$460.5M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.70	−0.003%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.72	+0.015%	$8.0M	$404.6M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.69	−0.008%	$176.1M	$172.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	116.72	+0.015%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.75	+0.039%	$1.0M	$553K	50x	as long as short
Lighter SOLlong	+0.0096%	1h	116.70	long leg	$13.0M	$60.7M	25x
Aevo SOL-PERP	+0.0096%	1h	116.72	+0.012%	$352K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.64	−0.054%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.67	−0.025%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.79	+0.071%	$699.2M	$407.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.77	+0.057%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.68	−0.017%	$968.7M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.66	−0.037%	$368.6M	$1.78B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.80	+0.083%	$217K	$867K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.68	−0.017%	$901K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.217%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	−0.020%	$852.3M	$672.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.67	−0.028%	$366.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.72	+0.014%	$130.1M	$232.6M	75x
BingX SOL-USDT	+0.0100%	8h	116.68	−0.018%	—	$374.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.71	+0.006%	$23.1M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	+0.027%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.60	−0.092%	$93.6M	$408.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.65	−0.045%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	−0.003%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.84	+0.117%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.68	−0.020%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.72	+0.013%	$249K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.71	+0.009%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.66	−0.033%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.72	+0.015%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.68	−0.024%	$226.0M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.74	+0.032%	$45.4M	$105.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.68	−0.018%	$8.0M	$39.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0116%	1h	116.79	+0.073%	$26.4M	$21.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.81	+0.089%	—	$236.9M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.69	−0.011%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.93	+0.195%	$6.6M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.66	−0.033%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	+0.006%	$52.0M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.73	+0.025%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.74	+0.033%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0501%	1h	116.72	+0.017%	$25K	$57K	20x	as long as short