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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter RH against Hyperliquid−0.047%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.134% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.041%+$4 · spread now −0.047%, 7d avg −0.029%
Together, before fees+0.052%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SOL119.750.0100pay 0.0013% / 1h51m 28s$725.2M$410.3M20x
ShortLighter RH SOL119.690.0096get 0.0012% / 1h51m 28s$2.2M$16.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Hyperliquid. 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: −0.047% → −0.029%
−$1.81
Slippage, 4 orders
−$4.38
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$16.03
Costs to cover
0.134%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 13 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 13 min ago0.42 bp4.9 bp −$55.1 bp −$518.1 bp −$812doesn't fit
Sell Lighter RH live order book, 2 min ago1.67 bp1.7 bp −$24.1 bp −$4135.4 bp −$3,538doesn't fit

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
Hotstuff SOL-PERP−0.0080%1h119.69−0.053%$849$8K25xas long as short
Vest SOL-PERP−0.0065%1h119.62−0.109%$723K20xas long as short
Derive SOL-PERP−0.0052%1h119.53−0.183%$2.0M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.67−0.070%$113K150xas long as short
dYdX SOL-USD0.0000%1h119.71−0.034%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.84+0.076%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.71−0.038%$177K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL+0.0020%1h119.69−0.051%$26.8M$26.0M50xas long as short
ApeX Omni SOLUSDT+0.0045%1h119.83+0.066%$1.5M$6.2M50xas long as short
01 Exchange SOLUSD+0.0064%1h119.68−0.060%$104K$157K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0071%8h119.67−0.070%$1.1M$5.9M100xas long as short
BingX SOL-USDC+0.0080%8h119.65−0.085%$10.5Mas long as short
HTX SOL-USDT+0.0088%8h119.54−0.174%$232.7M$45.1M75xas long as short
Gate SOL_USDT+0.0089%8h119.64−0.093%$872.3M$673.8M100xas long as short
Lighter SOL+0.0096%1h119.72−0.026%$13.7M$55.4M25xas long as short
Lighter RH SOLshort+0.0096%1h119.69−0.047%$2.2M$16.9M25x
Aevo SOL-PERP+0.0096%1h119.61−0.122%$354K$748K20xas long as short
Coinbase International SOL-PERP-INTX+0.0096%1h119.67−0.067%$8.3M$419.0M50xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.62−0.106%$1.1M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.67−0.068%$46K$797K20xas long as short
Nado SOL-PERP+0.0100%1h119.72−0.030%$6.1M$41.0M40xas long as short
Hyperliquid SOLlong+0.0100%1h119.75long leg$725.2M$410.3M20x
Aster SOLUSDT+0.0100%8h119.67−0.070%$179.2M$175.0M100xas long as short
Pacifica SOL+0.0100%1h119.71−0.033%$12.4M$119.6M20xas long as short
Binance SOLUSDT+0.0100%8h119.65−0.085%$985.9M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.67−0.064%$832.1M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.65−0.085%$373.6M$1.73B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.66−0.076%$234K$875K10xas long as short
Arcus SOL-USD+0.0100%1h119.69−0.054%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.35−0.335%$133.8M$7.0M20xas long as short
MEXC SOL_USDT+0.0100%8h119.65−0.085%$457.8M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.65−0.083%$139.8M$203.6M75xas long as short
Bitget SOLUSDT+0.0100%8h119.65−0.088%$498.2M$456.4M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.66−0.076%$24.2M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h119.52−0.194%$27.4M$128.6Mas long as short
edgeX SOLUSDC+0.0100%4h119.65−0.084%$96.1M$401.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.76+0.006%$49.0M$31.2M20xas long as short
StandX SOL-USD+0.0100%1h119.69−0.051%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.65−0.085%$372K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.65−0.088%$203K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h119.63−0.103%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h119.66−0.073%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.64−0.093%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.64−0.093%$46.7M$102.5M50xas long as short
Phoenix SOL+0.0100%1h119.88+0.107%$6.6M$13.7M25xas long as short
Aftermath Perps SOLUSD+0.0103%1h119.62−0.108%$24K$47K20xas long as short
Extended SOL-USD+0.0104%1h119.62−0.108%$8.7M$35.9M50xas long as short
Hibachi SOL/USDT-P+0.0104%1h119.69−0.047%$122K$639K20xas long as short
Kraken Futures PF_SOLUSD+0.0105%1h119.66−0.077%$32.7M$97.0M100xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.66−0.073%$224.6M500xas long as short
Injective SOL/USDC PERP+0.0170%1h119.02−0.611%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0183%1h119.63−0.101%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h119.81+0.049%$52.1M$84.5M125xas long as short
RISEx SOL/USDC+0.0226%1h119.69−0.053%$1.7M$5.2M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0241% / S −0.0186%1h119.66−0.076%$3.8M200xas long as short