Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: OKX against Lighter RH−0.003%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.003%, 7d avg −0.009%

Together, before fees−0.047%+ Points / potential airdropLighter RH: Points live · farm board−$5 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	117.00	0.0096	pay 0.0012% / 1h	48m 27s	$2.3M	$13.6M	25x
Short	OKX SOL-USDT-SWAP	117.00	0.0100	get 0.0100% / 8h	5h 48m	$359.7M	$1.55B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0.84
Price spread: −0.003% → −0.009%: $0.66
Slippage, 4 orders: −$3.96
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.46
Costs to cover: 0.140%
Break-even: 110.8 days

Slippage from Lighter RH: live order book, 4 min ago; OKX: 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, 4 min ago	1.41 bp	1.4 bp −$1	2.0 bp −$20	21.3 bp −$2,129	doesn't fit
Sell OKX live order book, 4 min ago	0.43 bp	5.4 bp −$5	5.7 bp −$57	8.8 bp −$877	19.5 bp −$9,749

SOL on 54 exchanges

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	−0.0272%	1h	117.10	+0.082%	$99K	$634K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.369%	$1K	$8K	25x	as long as short
ApeX Omni SOLUSDT	−0.0070%	1h	117.16	+0.134%	$1.1M	$6.5M	50x	as long as short
Bybit SOLUSDT	−0.0053%	8h	116.99	−0.011%	$732.1M	$1.23B	100x	as long as short
SoDEX SOL-USD	−0.0026%	1h	117.08	+0.066%	$6.0M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.20	+0.168%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.17	+0.142%	$1.3M	$15.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.07	+0.057%	$98K	$2.7M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.14	+0.114%	$26.3M	$18.3M	50x	as long as short
Vest SOL-PERP	+0.0007%	1h	117.03	+0.019%	—	$272K	20x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0028%	8h	117.02	+0.011%	$481.9M	$395.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.12	+0.103%	$8.4M	$367.3M	50x	as long as short
Aster SOLUSDT	+0.0042%	8h	116.99	−0.009%	$177.5M	$155.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0048%	8h	117.07	+0.056%	$994K	$5.0M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.03	+0.023%	$101K	$181K	20x	as long as short
Phoenix SOL	+0.0075%	1h	117.15	+0.126%	$6.6M	$12.2M	25x	as long as short
Binance SOLUSDT	+0.0076%	8h	117.00	−0.003%	$969.3M	$3.42B	100x	as long as short
MEXC SOL_USDT	+0.0076%	8h	117.00	−0.003%	$430.4M	$912.3M	300x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.02	+0.014%	$347K	$256K	20x	as long as short
Gate SOL_USDT	+0.0081%	8h	117.00	−0.003%	$842.2M	$586.6M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.13	+0.106%	$33.6M	$93.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.02	+0.013%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.00	long leg	$2.3M	$13.6M	25x
Paradex SOL-USD-PERP	+0.0100%	8h	117.02	+0.015%	$1.0M	$552K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.00	−0.003%	$45K	$885K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.00	−0.007%	$5.6M	$39.0M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.06	+0.047%	$15.9M	$116.1M	20x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	117.00	−0.003%	$359.7M	$1.55B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.99	−0.011%	$222K	$752K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.07	+0.056%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.295%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.99	−0.008%	$134.3M	$226.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.00	+0.002%	—	$332.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.10	+0.083%	$23.2M	$35.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.11	+0.087%	$25.1M	$98.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.10	+0.084%	$94.0M	$374.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.18	+0.152%	$48.0M	$25.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.12	+0.100%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.02	+0.015%	$325K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.10	+0.087%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.06	+0.046%	$25K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.06	+0.044%	$190K	$1.4M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.14	+0.118%	$226.6M	$40.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.13	+0.109%	$45.5M	$99.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.96	−0.040%	$8.4M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.15	+0.123%	—	$210.4M	500x	as long as short
dYdX SOL-USD	+0.0139%	1h	117.04	+0.036%	$9.3M	$17.8M	20x	as long as short
BloFin SOL-USDT	+0.0197%	8h	117.09	+0.074%	$51.7M	$57.0M	125x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.12	+0.098%	$1.1M	$92K	25x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.131%	$4K	$117	12x	as long as short
Hyperliquid SOL	+0.0208%	1h	117.13	+0.109%	$721.8M	$365.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.19	+0.156%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.04	+0.035%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0391%	1h	117.22	+0.189%	$25K	$48K	20x	as long as short