Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%

Price spread now: Gate against Lighter RH+0.044%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.044%, 7d avg −0.003%

Together, before fees−0.132%+ Points / potential airdropLighter RH: Points live · farm board−$13 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: Gate is 0.047% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	117.50	0.0096	pay 0.0012% / 1h	0m 27s	$2.2M	$15.0M	25x
Short	Gate SOL_USDT	117.55	0.0100	get 0.0100% / 8h	7h 00m	$856.7M	$635.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0.84
Price spread: +0.044% → −0.003%: $4.7
Slippage, 4 orders: −$4.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$13.91
Costs to cover: 0.194%
Break-even: 122.9 days

Slippage from Lighter RH: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	1.27 bp	1.3 bp −$1	1.7 bp −$17	18.2 bp −$1,816	doesn't fit
Sell Gate live order book, 4 min ago	0.43 bp	7.9 bp −$8	10.5 bp −$105	17.6 bp −$1,755	27.6 bp −$13.8K

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.53	+0.026%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.53	+0.031%	$32.5M	$99.0M	100x	as long as short
Bybit SOLUSDT	−0.0051%	8h	117.52	+0.019%	$736.6M	$1.31B	100x	as long as short
Phemex SOLUSDT	−0.0015%	8h	117.54	+0.036%	$45.7M	$101.5M	50x	as long as short
Vest SOL-PERP	−0.0008%	1h	117.52	+0.022%	—	$288K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.56	+0.050%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.57	+0.060%	$1.3M	$17.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.57	+0.065%	$100K	$2.9M	8.3x	as long as short
Bitget SOLUSDT	+0.0025%	8h	117.52	+0.020%	$484.3M	$427.7M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.55	+0.040%	$8.2M	$386.3M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOLUSDT	+0.0051%	8h	117.52	+0.019%	$178.7M	$164.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0063%	8h	117.53	+0.031%	$999K	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0072%	1h	117.52	+0.017%	$8.2M	$20.7M	20x	as long as short
SoDEX SOL-USD	+0.0080%	1h	117.51	+0.010%	$6.2M	$11.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	117.57	+0.060%	$98K	$653K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0095%	1h	117.59	+0.074%	$26.4M	$20.1M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.52	+0.017%	$13.1M	$57.3M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.50	long leg	$2.2M	$15.0M	25x
01 Exchange SOLUSD	+0.0096%	1h	117.58	+0.070%	$102K	$182K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.51	+0.007%	$358K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.49	−0.008%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.54	+0.036%	$44K	$838K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.45	−0.039%	$5.5M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.65	+0.129%	$715.2M	$386.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	+0.049%	$15.9M	$122.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.54	+0.036%	$973.0M	$3.62B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.52	+0.019%	$365.3M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.49	−0.007%	$221K	$809K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.55	+0.043%	$938K	$8.2M	20x	as long as short
Gate SOL_USDTshort	+0.0100%	8h	117.55	+0.044%	$856.7M	$635.1M	100x
MEXC SOL_USDT	+0.0100%	8h	117.53	+0.027%	$423.3M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.54	+0.037%	$134.2M	$232.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.53	+0.031%	—	$351.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	−0.024%	$23.2M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.40	−0.081%	$25.3M	$101.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.80	+0.253%	$94.6M	$409.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.73	+0.196%	$48.2M	$26.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.75	+0.214%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.59	+0.078%	$1.3M	$10.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.52	+0.019%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.56	+0.052%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.54	+0.037%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.54	+0.033%	$191K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.52	+0.016%	$227.5M	$46.7M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	+0.126%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.45	−0.039%	$8.4M	$34.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.54	+0.038%	—	$214.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.64	+0.121%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.986%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	117.48	−0.016%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.46	−0.032%	$51.9M	$59.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.55	+0.041%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	117.60	+0.091%	$25K	$53K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.58	+0.069%	$2.2M	$4.8M	20x	as long as short