Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against HTX+0.010%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

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

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.010%, 7d avg +0.023%

Together, before fees+0.159%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	116.30	0.0100	pay 0.0100% / 8h	3h 00m	$225.4M	$48.3M	75x
Short	Lighter SOL	116.31	0.0096	get 0.0012% / 1h	0m 43s	$13.1M	$60.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.84
Price spread: +0.010% → +0.023%: −$1.36
Slippage, 4 orders: −$2.01
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.21
Costs to cover: 0.140%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Lighter: live order book, 8 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 HTX live order book, 3 min ago	0.00 bp	6.9 bp −$7	8.9 bp −$89	18.4 bp −$1,836	46.6 bp −$23.3K
Sell Lighter live order book, 8 min ago	0.47 bp	0.6 bp −$1	1.5 bp −$15	5.6 bp −$556	19.9 bp −$9,956

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	−0.0232%	1h	116.30	+0.002%	$105K	$705K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.33	+0.031%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0113%	1h	116.28	−0.016%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0096%	8h	116.25	−0.041%	$746.1M	$1.40B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.32	+0.018%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.25	−0.039%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.32	+0.019%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.32	+0.021%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.31	+0.010%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.34	+0.039%	$7.6M	$404.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.35	+0.045%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0069%	1h	116.30	+0.004%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0085%	8h	116.30	+0.003%	$480.8M	$448.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.33	+0.025%	$1.0M	$5.9M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	116.31	+0.010%	$13.1M	$60.8M	25x
Lighter RH SOL	+0.0096%	1h	116.30	−0.002%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.34	+0.036%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.26	−0.032%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.34	+0.038%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.32	+0.020%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.38	+0.071%	$700.3M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.29	−0.007%	$174.2M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.34	+0.034%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.30	+0.002%	$969.8M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.33	+0.028%	$366.6M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.32	+0.019%	$214K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.36	+0.057%	$917K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.27	−0.028%	$131.6M	$15.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.28	−0.015%	$852.5M	$673.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.31	+0.011%	$374.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.28	−0.017%	$123.1M	$227.0M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.30	+0.002%	—	$365.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.32	+0.019%	$23.0M	$39.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.20	−0.080%	$25.0M	$114.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.34	+0.041%	$93.4M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.43	+0.114%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.29	−0.007%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.33	+0.028%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.32	+0.019%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.30	+0.003%	$25K	$32K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.34	+0.033%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.32	+0.019%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTlong	+0.0100%	8h	116.30	long leg	$225.4M	$48.3M	75x
Phemex SOLUSDT	+0.0100%	8h	116.34	+0.036%	$45.3M	$103.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.28	−0.011%	$8.3M	$37.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.50	+0.174%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.33	+0.025%	—	$236.0M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.36	+0.054%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0175%	1h	116.39	+0.081%	$26.2M	$23.1M	50x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.30	+0.005%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.35	+0.045%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.32	+0.016%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.33	+0.028%	$115K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.38	+0.070%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0567%	1h	116.40	+0.092%	$25K	$52K	20x	as long as short