Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter RH−0.016%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

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

costs, in and out, $10k−$140.137% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.016%, 7d avg +0.004%

Together, before fees−0.041%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	116.58	0.0096	pay 0.0012% / 1h	26m 48s	$2.2M	$16.8M	25x
Short	Binance SOLUSDT	116.56	0.0100	get 0.0100% / 8h	3h 26m	$973.0M	$3.82B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.84
Price spread: −0.016% → +0.004%: −$2
Slippage, 4 orders: −$3.73
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.89
Costs to cover: 0.137%
Break-even: 131.1 days

Slippage from Lighter RH: live order book, 2 min ago; Binance: 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 RH live order book, 2 min ago	1.03 bp	1.8 bp −$2	2.6 bp −$26	19.9 bp −$1,989	doesn't fit
Sell Binance live order book, 2 min ago	0.43 bp	5.4 bp −$5	6.2 bp −$62	8.7 bp −$869	17.5 bp −$8,733

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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.59	+0.008%	$31.0M	$101.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0176%	1h	116.72	+0.121%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0093%	1h	116.59	+0.008%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.66	+0.068%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	+0.033%	$42K	—	150x	as long as short
Bybit SOLUSDT	+0.0001%	8h	116.46	−0.101%	$756.8M	$1.38B	100x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.69	+0.094%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.54	−0.037%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	+0.026%	$7.6M	$404.9M	50x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.63	+0.045%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0090%	1h	116.59	+0.012%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.61	+0.027%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	+0.011%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	116.58	long leg	$2.2M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	116.59	+0.013%	$349K	$246K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.58	+0.002%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.62	+0.035%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.64	+0.052%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	+0.062%	$704.2M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.55	−0.023%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.67	+0.077%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	116.56	−0.016%	$973.0M	$3.82B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.57	−0.007%	$366.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	−0.007%	$229K	$840K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.65	+0.060%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.148%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.53	−0.041%	$851.6M	$663.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.015%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.56	−0.014%	$129.0M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.54	−0.033%	$481.1M	$444.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.53	−0.044%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.033%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.79	+0.186%	$24.6M	$113.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.134%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.087%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.250%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.087%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	+0.019%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.61	+0.027%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.60	+0.020%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.59	+0.010%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.55	−0.027%	$225.9M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	+0.053%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.50	−0.064%	$8.3M	$37.7M	50x	as long as short
Kalshi KXSOLPERP	+0.0106%	8h	116.62	+0.037%	$1.4M	$19.0M	3.1x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.105%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.68	+0.087%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	+0.165%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	116.66	+0.066%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.58	+0.005%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	+0.010%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.61	+0.026%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.69	+0.095%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.78	+0.174%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.69	+0.099%	$1.9M	$4.8M	20x	as long as short