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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.08 per $10,000 · paid last 24h +0.002%
Price spread now: 01 Exchange against Lighter−0.129%52s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$130.134% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.034%+$3 on $10k
Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.129%, 7d avg +0.024%
Together, before fees+0.210%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.153% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SOL119.120.0096pay 0.0012% / 1h28m 41s$14.2M$55.9M25x
Short01 Exchange SOLUSD118.970.0032get 0.0004% / 1h28m 41s$104K$159K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$13.44
Price spread: −0.129% → +0.024%
−$15.31
Slippage, 4 orders
−$6.4
Fee Lighter: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$42.15
Costs to cover
0.134%
Break-even
never at this rate
Slippage from Lighter: live order book, 5 min ago; 01 Exchange: live order book, 45 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, 5 min ago0.29 bp0.3 bp $01.1 bp −$115.2 bp −$51818.4 bp −$9,219
Sell 01 Exchange live order book, 45 min ago0.84 bp6.8 bp −$712.1 bp −$121doesn't fitdoesn't fit

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
Bluefin SOL-PERP−0.0088%1h118.96−0.139%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h118.95−0.146%$843$8K25xas long as short
Vest SOL-PERP−0.0076%1h118.90−0.189%$608K20xas long as short
Derive SOL-PERP−0.0062%1h118.89−0.199%$2.0M$2.7M13xas long as short
dYdX SOL-USD−0.0021%1h119.14+0.014%$5.0M$25.7M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.98−0.123%$32.4M$96.5M100xas long as short
HTX SOL-USDT−0.0013%8h118.91−0.176%$231.4M$44.1M75xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.98−0.124%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.00−0.106%$1.2M$20.2M3.1xas long as short
Perpl SOL0.0000%43m118.98−0.121%$154K$3.8M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSDshort+0.0032%1h118.97−0.129%$104K$159K20x
Hibachi SOL/USDT-P+0.0048%1h118.90−0.186%$101K$657K20xas long as short
Phemex SOLUSDT+0.0070%8h118.96−0.138%$46.6M$100.1M50xas long as short
BingX SOL-USDC+0.0080%8h119.13+0.005%$10.5Mas long as short
Orderly PERP_SOL_USDC+0.0081%8h118.98−0.123%$1.0M$5.9M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0086%1h119.02−0.086%$26.7M$24.8M50xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.97−0.126%$8.1M$410.1M50xas long as short
Lighter SOLlong+0.0096%1h119.12long leg$14.2M$55.9M25x
Lighter RH SOL+0.0096%1h119.14+0.013%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h118.97−0.133%$349K$247K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.18+0.045%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.93−0.163%$47K$778K20xas long as short
Nado SOL-PERP+0.0100%1h118.95−0.146%$5.9M$40.8M40xas long as short
Hyperliquid SOL+0.0100%1h119.24+0.095%$722.7M$399.3M20xas long as short
Aster SOLUSDT+0.0100%8h119.13+0.005%$179.7M$176.7M100xas long as short
Pacifica SOL+0.0100%1h119.17+0.034%$12.2M$124.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.13+0.007%$980.9M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h119.19+0.055%$825.5M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.16+0.030%$371.6M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.08−0.037%$233K$834K10xas long as short
Arcus SOL-USD+0.0100%1h119.08−0.039%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.80−0.272%$134.2M$6.7M20xas long as short
Gate SOL_USDT+0.0100%8h119.08−0.037%$859.7M$665.6M100xas long as short
MEXC SOL_USDT+0.0100%8h119.14+0.013%$432.3M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.17+0.041%$138.5M$202.4M75xas long as short
Bitget SOLUSDT+0.0100%8h119.14+0.014%$494.5M$440.8M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.98−0.121%$24.2M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h118.98−0.124%$27.0M$128.5Mas long as short
edgeX SOLUSDC+0.0100%4h118.98−0.120%$95.6M$405.1M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.95−0.146%$48.7M$29.4M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h118.98−0.117%$1.5M$6.1M50xas long as short
StandX SOL-USD+0.0100%1h118.92−0.171%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.96−0.138%$357K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.96−0.141%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.94−0.155%$193K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h118.96−0.138%$6.3M$10.8M20xas long as short
Extended SOL-USD+0.0104%1h119.120.000%$8.6M$35.2M50xas long as short
Phoenix SOL+0.0114%1h119.01−0.096%$6.5M$13.6M25xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.97−0.130%$219.3M500xas long as short
RISEx SOL/USDC+0.0161%1h118.95−0.146%$1.8M$4.5M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0165% / S −0.0081%1h118.97−0.133%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0173%1h119.01−0.096%$4K$2K12xas long as short
Aftermath Perps SOLUSD+0.0174%1h118.97−0.129%$25K$50K20xas long as short
Reya SOLRUSDPERP+0.0186%1h118.94−0.156%$1.1M$524K25xas long as short
BloFin SOL-USDT+0.0220%8h118.99−0.112%$51.9M$76.3M125xas long as short