Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.001%

Price spread now: Paradex against Lighter−0.012%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$90.088% of the position

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.200%+$20 · spread now −0.012%, 7d avg −0.023%

Together, before fees+0.193%+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.48	0.0096	pay 0.0012% / 1h	47m 20s	$13.1M	$60.3M	25x
Short	Paradex SOL-USD-PERP	116.46	0.0097	get 0.0097% / 8h	1h 47m	$1.0M	$551K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.23
Price spread: −0.012% → −0.023%: $1.11
Slippage, 4 orders: −$4.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.44
Costs to cover: 0.088%
Break-even: 235.4 days

Slippage from Lighter: live order book, 7 min ago; Paradex: live order book, 2 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, 7 min ago	0.04 bp	0.8 bp −$1	1.5 bp −$15	5.5 bp −$547	20.5 bp −$10.3K
Sell Paradex live order book, 2 min ago	1.80 bp	3.8 bp −$4	9.4 bp −$94	doesn't fit	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
Bybit SOLUSDT	−0.0110%	8h	116.43	−0.039%	$740.7M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.68	+0.177%	$98K	$685K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.032%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.51	+0.033%	$32.8M	$103.9M	100x	as long as short
Derive SOL-PERP	−0.0048%	1h	116.42	−0.047%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0014%	1h	116.46	−0.013%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.49	+0.011%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.53	+0.048%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.50	+0.017%	$111K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.54	+0.054%	$4.3M	$23.8M	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	+0.0048%	1h	116.46	−0.015%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.50	+0.021%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.53	+0.045%	$8.0M	$405.0M	50x	as long as short
Bitget SOLUSDT	+0.0051%	8h	116.45	−0.024%	$480.1M	$462.3M	100x	as long as short
SoDEX SOL-USD	+0.0062%	1h	116.49	+0.012%	$6.1M	$10.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.56	+0.074%	$26.4M	$21.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.47	−0.009%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0091%	8h	116.46	−0.014%	$175.6M	$176.4M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	116.48	long leg	$13.1M	$60.3M	25x
Aevo SOL-PERP	+0.0096%	1h	116.51	+0.033%	$350K	$247K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0097%	8h	116.46	−0.012%	$1.0M	$551K	50x
Katana Perps SOL-USD	+0.0099%	8h	116.46	−0.014%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.014%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	+0.089%	$697.3M	$409.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.53	+0.044%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.45	−0.020%	$967.5M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.47	−0.005%	$370.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	+0.029%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	+0.008%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.064%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.45	−0.022%	$843.4M	$664.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.45	−0.022%	$362.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.47	−0.007%	$128.8M	$232.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.45	−0.020%	—	$373.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	+0.021%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	+0.060%	$24.8M	$112.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.53	+0.050%	$93.6M	$411.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.64	+0.141%	$47.7M	$31.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.52	+0.033%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.53	+0.046%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.46	−0.014%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.47	−0.006%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.50	+0.022%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.54	+0.051%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	+0.020%	$225.6M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	+0.029%	$45.3M	$105.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.42	−0.044%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	+0.042%	—	$235.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.527%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.76	+0.244%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.43	−0.039%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.48	+0.003%	$52.2M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.48	+0.002%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.073%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0493%	1h	116.65	+0.148%	$25K	$56K	20x	as long as short