Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter RH+0.011%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$60.056% of the position

Long on Lighter RH Short on MEXC

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−0.019%−$2 · spread now +0.011%, 7d avg +0.003%

Together, before fees−0.061%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	116.48	0.0040	pay 0.0005% / 1h	28m 55s	$2.2M	$16.8M	25x
Short	MEXC SOL_USDT	116.49	0.0100	get 0.0100% / 8h	1h 28m	$364.1M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.011%Rate

Funding earned: $12.6
Price spread: +0.011% → +0.003%: $0.86
Slippage, 4 orders: −$3.63
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 1 bp × 2 orders: −$2
Net: $7.84
Costs to cover: 0.056%
Break-even: 2.6 days

Slippage from Lighter RH: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	1.25 bp	1.5 bp −$2	2.3 bp −$23	20.2 bp −$2,023	doesn't fit
Sell MEXC live order book, 5 min ago	0.43 bp	1.4 bp −$1	1.5 bp −$15	2.9 bp −$293	4.4 bp −$2,181

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	116.52	+0.033%	$98K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0117%	8h	116.46	−0.015%	$740.2M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.58	+0.088%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.52	+0.039%	$32.2M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.128%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0025%	1h	116.50	+0.021%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	+0.031%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.092%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.56	+0.070%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.49	+0.010%	$4.3M	$23.7M	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 SOLlong	+0.0040%	1h	116.48	long leg	$2.2M	$16.8M	25x
01 Exchange SOLUSD	+0.0040%	1h	116.59	+0.097%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0044%	8h	116.48	+0.006%	$479.7M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.53	+0.044%	$8.0M	$403.9M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.49	+0.013%	$175.8M	$171.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.51	+0.026%	$1.0M	$6.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0093%	1h	116.55	+0.064%	$26.4M	$21.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.61	+0.118%	$1.0M	$552K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.50	+0.015%	$13.0M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.50	+0.019%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	+0.037%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	+0.045%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.58	+0.088%	$697.8M	$409.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	+0.092%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	+0.011%	$967.0M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.49	+0.011%	$368.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.49	+0.011%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.58	+0.092%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.023%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.47	−0.006%	$846.1M	$669.2M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.49	+0.011%	$364.1M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.48	+0.006%	$129.8M	$232.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.48	+0.006%	—	$374.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	+0.020%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.011%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	−0.027%	$93.5M	$410.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	+0.005%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	+0.051%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.028%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	+0.028%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	+0.027%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	+0.033%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	+0.041%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.49	+0.011%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	+0.028%	$225.6M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.53	+0.046%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.012%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.59	+0.094%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.020%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.68	+0.174%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.020%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	+0.046%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.52	+0.034%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.074%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0502%	1h	116.56	+0.068%	$25K	$57K	20x	as long as short