Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter RH against HTX+0.042%7-day average +0.016% · 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−$13as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now +0.042%, 7d avg +0.016%

Together, before fees+0.238%+ Points / potential airdropLighter RH: Points live · farm board+$24 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 RH is 0.026% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SOL-USDT	116.69	0.0100	pay 0.0100% / 8h	4h 23m	$226.4M	$47.1M	75x
Short	Lighter RH SOL	116.74	0.0096	get 0.0012% / 1h	23m 50s	$2.2M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$0.84
Price spread: +0.042% → +0.016%: $2.61
Slippage, 4 orders: −$3.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago	0.00 bp	6.0 bp −$6	10.9 bp −$109	21.3 bp −$2,129	51.7 bp −$25.8K
Sell Lighter RH live order book, 5 min ago	1.41 bp	1.7 bp −$2	2.4 bp −$24	19.1 bp −$1,910	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	−0.0120%	1h	116.81	+0.101%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.69	+0.003%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.81	+0.100%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0014%	1h	116.66	−0.029%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.035%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.031%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.70	+0.008%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.77	+0.069%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.76	+0.059%	$7.5M	$405.3M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.74	+0.042%	$31.1M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.73	+0.037%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.75	+0.052%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	116.74	+0.042%	$2.2M	$16.7M	25x
Aevo SOL-PERP	+0.0096%	1h	116.72	+0.028%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.68	−0.008%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.82	+0.114%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.74	+0.047%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.84	+0.129%	$705.2M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.74	+0.046%	$174.9M	$182.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	+0.038%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.72	+0.026%	$969.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.66	−0.027%	$783.2M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	+0.018%	$369.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.71	+0.018%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.76	+0.060%	$929K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.74	+0.043%	$842.8M	$662.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.75	+0.052%	$389.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.75	+0.048%	$128.0M	$219.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.68	−0.009%	$479.4M	$441.5M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.69	+0.002%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.74	+0.043%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.61	−0.065%	$24.3M	$113.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	−0.017%	$93.7M	$398.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.73	+0.032%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.75	+0.051%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.095%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	+0.026%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.71	+0.020%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.71	+0.015%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	−0.015%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.74	+0.043%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTlong	+0.0100%	8h	116.69	long leg	$226.4M	$47.1M	75x
Phemex SOLUSDT	+0.0100%	8h	116.75	+0.052%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.009%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.68	−0.009%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.75	+0.048%	—	$231.0M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0126%	1h	116.77	+0.069%	$26.4M	$25.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.035%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.83	+0.120%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.71	+0.020%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.76	+0.061%	$51.7M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0236% / S −0.0181%	1h	116.72	+0.028%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.74	+0.041%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0524%	1h	116.79	+0.085%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.81	+0.105%	$1.9M	$4.9M	20x	as long as short