Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter RH+0.019%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$170.173% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.019%, 7d avg +0.005%

Together, before fees−0.092%+ Points / potential airdropLighter RH: Points live · farm board−$9 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	116.70	0.0096	pay 0.0012% / 1h	12m 39s	$2.2M	$16.8M	25x
Short	KuCoin SOLUSDTM	116.72	0.0100	get 0.0100% / 8h	4h 12m	$128.8M	$220.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → +0.005%: $1.34
Slippage, 4 orders: −$5.26
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.08
Costs to cover: 0.173%
Break-even: 132.7 days

Slippage from Lighter RH: live order book, 6 min ago; KuCoin: live order book, 7 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, 6 min ago	1.42 bp	1.4 bp −$1	1.9 bp −$19	21.5 bp −$2,155	doesn't fit
Sell KuCoin live order book, 7 min ago	0.04 bp	6.6 bp −$7	11.7 bp −$117	16.4 bp −$1,638	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	−0.0152%	1h	116.63	−0.064%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0098%	1h	116.69	−0.011%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.73	+0.026%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	+0.050%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.025%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0002%	1h	116.76	+0.050%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.72	+0.013%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.75	+0.043%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.78	+0.070%	$7.4M	$404.8M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.77	+0.063%	$31.1M	$100.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0092%	8h	116.78	+0.066%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.72	+0.021%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	116.70	long leg	$2.2M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	116.76	+0.054%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.72	+0.017%	$50K	$871K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	+0.082%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	−0.007%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.82	+0.101%	$705.4M	$395.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.73	+0.026%	$174.9M	$182.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	+0.045%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.74	+0.030%	$970.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.69	−0.009%	$783.0M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.75	+0.043%	$369.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.73	+0.026%	$231K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.76	+0.051%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	−0.044%	$134.0M	$22.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.71	+0.009%	$841.1M	$664.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.74	+0.034%	$382.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	116.72	+0.019%	$128.8M	$220.0M	75x
Bitget SOLUSDT	+0.0100%	8h	116.71	+0.009%	$479.5M	$440.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.69	−0.008%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.75	+0.043%	$23.5M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.52	−0.150%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.60	−0.086%	$93.6M	$399.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.64	−0.056%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	+0.003%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.73	+0.026%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	+0.034%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.73	+0.030%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.77	+0.057%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.74	+0.035%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.77	+0.060%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.71	+0.004%	$226.5M	$47.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.77	+0.060%	$45.7M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.68	−0.014%	$8.2M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.76	+0.047%	—	$231.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.026%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.060%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.83	+0.109%	$26.4M	$24.1M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.71	+0.008%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	+0.009%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	+0.052%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.72	+0.021%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0525%	1h	116.71	+0.011%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.81	+0.098%	$1.9M	$4.8M	20x	as long as short