Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget−0.024%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.024%, 7d avg +0.011%

Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.035% cheaper against Bitget than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.011%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.056% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	116.73	0.0027	pay 0.0027% / 8h	42m 27s	$481.7M	$457.9M	100x
Short	Lighter SOL	116.71	0.0096	get 0.0012% / 1h	42m 27s	$13.2M	$60.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $14.49
Price spread: −0.024% → +0.011%: −$3.45
Slippage, 4 orders: −$2.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.51
Costs to cover: 0.145%
Break-even: 8.7 days

Slippage from Bitget: live order book, 2 min ago; Lighter: 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 Bitget live order book, 2 min ago	0.04 bp	6.0 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.60 bp	0.6 bp −$1	1.5 bp −$15	5.5 bp −$545	21.6 bp −$10.8K

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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.66	−0.066%	$32.3M	$106.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.72	−0.015%	$96K	$681K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.72	−0.012%	$737.6M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0093%	1h	116.59	−0.126%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.052%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.099%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.69	−0.040%	—	$631K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	−0.038%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	−0.004%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.73	−0.006%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0008%	1h	116.69	−0.037%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.71	−0.023%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDTlong	+0.0027%	8h	116.73	long leg	$481.7M	$457.9M	100x
Deribit SOL_USDC-PERPETUAL	+0.0031%	1h	116.71	−0.018%	$26.4M	$21.9M	50x	as long as short
SoDEX SOL-USD	+0.0034%	1h	116.63	−0.089%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.74	+0.005%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	−0.066%	$8.0M	$401.8M	50x	as long as short
Aster SOLUSDT	+0.0061%	8h	116.70	−0.029%	$177.2M	$168.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	116.65	−0.074%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.70	−0.026%	$1.0M	$554K	50x	as long as short
Lighter SOLshort	+0.0096%	1h	116.71	−0.024%	$13.2M	$60.4M	25x
Aevo SOL-PERP	+0.0096%	1h	116.63	−0.090%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.68	−0.046%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	−0.036%	$5.4M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.72	−0.012%	$703.7M	$408.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	+0.011%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.69	−0.038%	$966.0M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	+0.005%	$369.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.072%	$217K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	−0.010%	$900K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.157%	$125.5M	$25.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.70	−0.029%	$851.2M	$660.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	−0.029%	$367.9M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.123%	$132.4M	$233.7M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	−0.034%	—	$373.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	−0.081%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.71	−0.019%	$25.0M	$108.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	−0.008%	$93.7M	$406.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	−0.015%	$47.8M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	−0.026%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.67	−0.055%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	−0.012%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.68	−0.045%	$243K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	−0.046%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	−0.052%	$190K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.64	−0.080%	$225.8M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	−0.072%	$45.4M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.062%	$8.2M	$37.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	−0.017%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.80	+0.057%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.70	−0.029%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.063%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.70	−0.026%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0482%	1h	116.74	+0.002%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.76	+0.021%	$2.1M	$4.8M	20x	as long as short