Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against KuCoin+0.020%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.020%, 7d avg −0.001%

Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · farm board+$3 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 is 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	119.14	0.0100	pay 0.0100% / 8h	1h 05m	$139.5M	$202.3M	75x
Short	Lighter SOL	119.16	0.0096	get 0.0012% / 1h	5m 47s	$13.6M	$56.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.84
Price spread: +0.020% → −0.001%: $2.14
Slippage, 4 orders: −$6.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.79
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 3 min ago	0.08 bp	8.2 bp −$8	10.7 bp −$107	14.4 bp −$1,436	doesn't fit
Sell Lighter live order book, 8 min ago	0.50 bp	0.9 bp −$1	1.6 bp −$16	4.6 bp −$461	17.3 bp −$8,667

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
Bluefin SOL-PERP	−0.0219%	1h	119.18	+0.040%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.16	+0.018%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.11	−0.025%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.10	−0.031%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.19	+0.043%	$115K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.14	+0.006%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.19	+0.045%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.16	+0.020%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	118.90	−0.198%	$6.5M	$13.6M	25x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	119.19	+0.041%	$1.1M	$5.9M	100x	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	+0.0072%	1h	119.22	+0.071%	$104K	$156K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	119.06	−0.060%	$119K	$607K	20x	as long as short
Aftermath Perps SOLUSD	+0.0075%	1h	119.05	−0.075%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.15	+0.008%	—	$374.7M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.08	−0.046%	$231.8M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	119.11	−0.022%	$869.6M	$689.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0091%	1h	119.23	+0.075%	$26.7M	$27.8M	50x	as long as short
Lighter SOLshort	+0.0096%	1h	119.16	+0.020%	$13.6M	$56.1M	25x
Lighter RH SOL	+0.0096%	1h	119.14	+0.004%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.14	+0.007%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.15	+0.016%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.18	+0.037%	$45K	$801K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.16	+0.020%	$6.0M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.24	+0.087%	$718.0M	$408.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.13	−0.002%	$178.4M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.20	+0.057%	$12.3M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.16	+0.020%	$981.6M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.17	+0.027%	$828.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.16	+0.020%	$372.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.047%	$233K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.23	+0.077%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.85	−0.240%	$133.1M	$7.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.14	+0.003%	$452.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	119.14	long leg	$139.5M	$202.3M	75x
Bitget SOLUSDT	+0.0100%	8h	119.14	+0.008%	$496.2M	$456.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.16	+0.020%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.87	−0.224%	$27.5M	$128.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.86	−0.232%	$95.5M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.99	−0.123%	$48.7M	$31.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.96	−0.148%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.05	−0.072%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.19	+0.045%	$367K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.18	+0.033%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	+0.034%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.17	+0.029%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.15	+0.012%	$46.5M	$102.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.11	−0.021%	$8.7M	$36.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.19	+0.049%	$8.3M	$416.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.21	+0.059%	—	$225.0M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	+0.030%	$32.6M	$97.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0072%	1h	119.18	+0.037%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.18	+0.037%	$1.1M	$551K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.23	+0.081%	$1.7M	$5.6M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.097%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.10	−0.030%	$52.1M	$84.2M	125x	as long as short