Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Binance against Lighter+0.054%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.054%, 7d avg −0.001%

Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 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: Binance is 0.055% dearer against Lighter than usual: you sell high and buy low, +$6 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	Lighter SOL	119.71	0.0096	pay 0.0012% / 1h	21m 51s	$13.7M	$54.6M	25x
Short	Binance SOLUSDT	119.78	0.0100	get 0.0100% / 8h	2h 21m	$978.5M	$3.76B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.054%Rate

Funding earned: $0.84
Price spread: +0.054% → −0.001%: $5.51
Slippage, 4 orders: −$1.71
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.36
Costs to cover: 0.117%
Break-even: 51.7 days

Slippage from Lighter: live order book, 7 min ago; Binance: live order book, 7 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 Lighter live order book, 7 min ago	0.04 bp	0.6 bp −$1	2.7 bp −$27	7.1 bp −$708	18.3 bp −$9,160
Sell Binance live order book, 7 min ago	0.42 bp	5.4 bp −$5	5.4 bp −$54	8.0 bp −$799	17.8 bp −$8,921

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.471%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.106%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.65	−0.057%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.016%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.59	−0.100%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.81	+0.084%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.79	+0.063%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.75	+0.033%	$181K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0015%	1h	119.42	−0.247%	$24K	$47K	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.103%	$120K	$605K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0056%	8h	119.63	−0.069%	$233.0M	$44.5M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0061%	8h	119.79	+0.067%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.68	−0.028%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.76	+0.039%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0087%	8h	119.71	−0.003%	$876.0M	$685.3M	100x	as long as short
ApeX Omni SOLUSDT	+0.0091%	1h	119.29	−0.354%	$1.5M	$6.2M	50x	as long as short
Lighter SOLlong	+0.0096%	1h	119.71	long leg	$13.7M	$54.6M	25x
Lighter RH SOL	+0.0096%	1h	119.71	−0.007%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.76	+0.040%	$356K	$747K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0097%	1h	119.82	+0.091%	$26.9M	$27.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.59	−0.100%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.62	−0.079%	$47K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.64	−0.065%	$6.5M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.75	+0.030%	$722.8M	$410.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.67	−0.041%	$180.2M	$175.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.64	−0.062%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDTshort	+0.0100%	8h	119.78	+0.054%	$978.5M	$3.76B	100x
Bybit SOLUSDT	+0.0100%	8h	119.79	+0.063%	$831.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.75	+0.030%	$372.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.61	−0.087%	$234K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.67	−0.035%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.79	+0.063%	$408.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.64	−0.065%	$142.8M	$196.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.77	+0.048%	$500.5M	$451.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.75	+0.030%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.178%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.25	−0.384%	$95.8M	$398.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.36	−0.296%	$48.8M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.56	−0.129%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.75	+0.030%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.78	+0.051%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.79	+0.060%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.77	+0.043%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	+0.022%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.74	+0.022%	$46.7M	$100.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.612%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.67	−0.036%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.77	+0.049%	$8.2M	$417.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.78	+0.056%	—	$219.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.53	−0.154%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.68	−0.028%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.75	+0.031%	$1.1M	$561K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.59	−0.104%	$51.8M	$86.4M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.76	+0.035%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.81	+0.084%	$3.6M	—	200x	as long as short