Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.037%

Price spread now: Lighter RH against BloFin−0.031%61s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.152% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.031%, 7d avg +0.015%

Together, before fees−0.091%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter RH is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	116.53	0.0220	pay 0.0220% / 8h	1h 02m	$52.1M	$66.6M	125x
Short	Lighter RH SOL	116.49	0.0056	get 0.0007% / 1h	2m 14s	$2.2M	$17.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$34.44
Price spread: −0.031% → +0.015%: −$4.57
Slippage, 4 orders: −$3.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$54.18
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Lighter RH: live order book, 2 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 BloFin live order book, 7 min ago	0.43 bp	6.4 bp −$6	6.8 bp −$68	9.6 bp −$965	19.8 bp −$9,906
Sell Lighter RH live order book, 2 min ago	1.16 bp	1.2 bp −$1	2.1 bp −$21	20.0 bp −$1,996	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	−0.0208%	1h	116.60	+0.057%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.48	−0.043%	$737.6M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.54	+0.005%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.53	0.000%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.019%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.51	−0.021%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	+0.008%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.59	+0.054%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.58	+0.046%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.58	+0.041%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0036%	8h	116.49	−0.032%	$480.3M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.57	+0.034%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	+0.007%	$8.0M	$402.2M	50x	as long as short
Lighter RH SOLshort	+0.0056%	1h	116.49	−0.031%	$2.2M	$17.0M	25x
SoDEX SOL-USD	+0.0067%	1h	116.50	−0.026%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0073%	8h	116.49	−0.034%	$176.4M	$169.4M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0081%	1h	116.58	+0.043%	$26.4M	$21.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	116.50	−0.026%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.57	+0.031%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.51	−0.019%	$13.1M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	−0.017%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	−0.009%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.50	−0.027%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.64	+0.094%	$701.1M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	+0.040%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	−0.031%	$965.5M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	−0.017%	$367.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	+0.034%	$217K	$825K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.56	+0.021%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.017%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.54	+0.009%	$850.3M	$676.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	−0.017%	$369.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.55	+0.021%	$133.0M	$233.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.51	−0.020%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.56	+0.026%	$23.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	+0.141%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.63	+0.089%	$93.6M	$408.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.080%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.66	+0.110%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	+0.086%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.50	−0.026%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	−0.010%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.53	−0.004%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.53	+0.004%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.025%	$225.6M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	+0.009%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.059%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	+0.020%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.077%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.73	+0.172%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.48	−0.043%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	116.53	long leg	$52.1M	$66.6M	125x
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.53	−0.001%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.61	+0.068%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.63	+0.089%	$25K	$57K	20x	as long as short