Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h +0.031%
Price spread now: Lighter against ApeX Omni−0.054%78s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$140.141% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.299%+$30 on $10k
Price spread, last 7 days+0.086%+$9 · spread now −0.054%, 7d avg +0.007%
Together, before fees+0.385%+ Points / potential airdropLighter: Season 3 · farm board+$38 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: Lighter is 0.060% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SOLUSDT119.360.0100pay 0.0013% / 1h17m 50s$1.5M$6.2M50x
ShortLighter SOL119.300.0096get 0.0012% / 1h17m 50s$13.6M$55.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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

Funding earned
−$0.84
Price spread: −0.054% → +0.007%
−$6.05
Slippage, 4 orders
−$4.14
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$21.03
Costs to cover
0.141%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 6 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 6 min ago1.26 bp6.3 bp −$68.6 bp −$8664.0 bp −$6,397doesn't fit
Sell Lighter live order book, 6 min ago0.29 bp1.3 bp −$12.3 bp −$235.4 bp −$54518.1 bp −$9,061

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0385%1h119.29−0.062%$37K$17K25xas long as short
Derive SOL-PERP−0.0107%1h119.23−0.112%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.28−0.065%$846$8K25xas long as short
Vest SOL-PERP−0.0062%1h119.21−0.128%$722K20xas long as short
dYdX SOL-USD−0.0001%1h119.29−0.060%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.31−0.045%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.31−0.044%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.29−0.061%$178K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0040%1h119.31−0.040%$119K$612K20xas long as short
Phoenix SOL+0.0054%1h119.36−0.002%$6.5M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps SOLUSD+0.0065%1h119.31−0.042%$24K$47K20xas long as short
Orderly PERP_SOL_USDC+0.0068%8h119.33−0.028%$1.1M$5.9M100xas long as short
01 Exchange SOLUSD+0.0080%1h119.28−0.069%$104K$155K20xas long as short
BingX SOL-USDC+0.0080%8h119.26−0.087%$10.5Mas long as short
HTX SOL-USDT+0.0081%8h119.25−0.094%$232.2M$45.0M75xas long as short
Gate SOL_USDT+0.0092%8h119.26−0.085%$870.5M$685.8M100xas long as short
Lighter SOLshort+0.0096%1h119.30−0.054%$13.6M$55.9M25x
Lighter RH SOL+0.0096%1h119.28−0.070%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h119.29−0.057%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.23−0.110%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.25−0.094%$46K$798K20xas long as short
Nado SOL-PERP+0.0100%1h119.26−0.088%$6.1M$41.7M40xas long as short
Hyperliquid SOL+0.0100%1h119.35−0.010%$719.0M$417.1M20xas long as short
Aster SOLUSDT+0.0100%8h119.28−0.069%$178.6M$176.8M100xas long as short
Pacifica SOL+0.0100%1h119.32−0.032%$12.3M$118.5M20xas long as short
Binance SOLUSDT+0.0100%8h119.29−0.061%$985.2M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.29−0.058%$827.7M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.24−0.102%$372.7M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.28−0.069%$234K$886K10xas long as short
Arcus SOL-USD+0.0100%1h119.31−0.047%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.28−0.067%$133.9M$7.8M20xas long as short
MEXC SOL_USDT+0.0100%8h119.28−0.069%$460.5M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.29−0.064%$140.3M$201.9M75xas long as short
Bitget SOLUSDT+0.0100%8h119.27−0.075%$495.8M$455.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.30−0.052%$24.1M$38.4M50xas long as short
Variational Omni SOL+0.0100%8h119.34−0.018%$27.4M$128.6Mas long as short
edgeX SOLUSDC+0.0100%4h119.38+0.012%$95.9M$401.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.29−0.060%$48.8M$31.8M20xas long as short
ApeX Omni SOLUSDTlong+0.0100%1h119.36long leg$1.5M$6.2M50x
StandX SOL-USD+0.0100%1h119.26−0.085%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.24−0.102%$367K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.27−0.080%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.30−0.055%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.32−0.035%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.30−0.052%$46.6M$102.3M50xas long as short
Extended SOL-USD+0.0104%1h119.25−0.092%$8.7M$36.3M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.35−0.011%$8.2M$416.7M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.29−0.056%$224.1M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0122%1h119.38+0.017%$26.7M$27.7M50xas long as short
Kraken Futures PF_SOLUSD+0.0149%1h119.33−0.025%$32.6M$95.9M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0170% / S −0.0072%1h119.30−0.051%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h119.23−0.109%$1.1M$552K25xas long as short
RISEx SOL/USDC+0.0192%1h119.27−0.073%$1.7M$5.9M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.38+0.015%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.23−0.111%$52.1M$82.8M125xas long as short