Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.037%

Price spread now: BloFin against Lighter−0.256%90s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.144% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.256%, 7d avg −0.021%

Together, before fees+0.382%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.235% cheaper against Lighter than usual: you would sell low and buy high (spread −0.256% now, against its 7-day average of −0.021%). If the spread goes back, that is −$23 on $10k: about 8.8 days of funding at the current rate (+$3 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.74	0.0096	pay 0.0012% / 1h	47m 34s	$12.9M	$54.0M	25x
Short	BloFin SOL-USDT	116.44	0.0185	get 0.0185% / 8h	4h 47m	$51.7M	$55.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.256%Rate

Funding earned: $18.65
Price spread: −0.256% → −0.021%: −$23.47
Slippage, 4 orders: −$2.38
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.2
Costs to cover: 0.144%
Break-even: 14.2 days

Slippage from Lighter: live order book, 4 min ago; BloFin: 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 Lighter live order book, 4 min ago	0.43 bp	0.8 bp −$1	1.8 bp −$18	6.6 bp −$659	20.9 bp −$10.5K
Sell BloFin live order book, 5 min ago	0.43 bp	6.4 bp −$6	6.7 bp −$67	7.5 bp −$752	10.5 bp −$5,264

SOL on 55 exchanges

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	−0.0184%	1h	116.74	0.000%	$99K	$646K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.10	+0.306%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0046%	8h	116.80	+0.052%	$726.4M	$1.22B	100x	as long as short
ApeX Omni SOLUSDT	−0.0020%	1h	116.64	−0.085%	$997K	$6.6M	50x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.64	−0.085%	$1.8M	$2.5M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	−0.050%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.64	−0.083%	$1.3M	$15.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	−0.053%	$99K	$2.6M	8.3x	as long as short
Vest SOL-PERP	+0.0015%	1h	116.61	−0.112%	—	$247K	20x	as long as short
Bitget SOLUSDT	+0.0017%	8h	116.77	+0.026%	$479.7M	$390.5M	100x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0024%	1h	116.72	−0.019%	$8.5M	$361.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.85	+0.095%	$4K	$113	12x	as long as short
Orderly PERP_SOL_USDC	+0.0038%	8h	116.69	−0.046%	$965K	$5.0M	100x	as long as short
Aster SOLUSDT	+0.0045%	8h	116.79	+0.046%	$176.2M	$156.3M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.84	+0.087%	$102K	$187K	20x	as long as short
MEXC SOL_USDT	+0.0064%	8h	116.77	+0.027%	$458.1M	$950.1M	300x	as long as short
Aevo SOL-PERP	+0.0064%	1h	116.62	−0.102%	$342K	$261K	20x	as long as short
Binance SOLUSDT	+0.0065%	8h	116.80	+0.052%	$969.1M	$3.38B	100x	as long as short
SoDEX SOL-USD	+0.0067%	1h	116.70	−0.033%	$6.0M	$11.2M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0072%	1h	116.76	+0.021%	$26.3M	$17.6M	50x	as long as short
dYdX SOL-USD	+0.0090%	1h	116.74	+0.001%	$9.1M	$17.9M	20x	as long as short
Gate SOL_USDT	+0.0094%	8h	116.77	+0.027%	$837.9M	$572.2M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	116.74	long leg	$12.9M	$54.0M	25x
Lighter RH SOL	+0.0096%	1h	116.72	−0.014%	$2.2M	$12.8M	25x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.76	+0.018%	$24K	$931K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.81	+0.060%	$1.0M	$554K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.59	−0.128%	$5.5M	$38.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.82	+0.069%	$719.3M	$364.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.77	+0.029%	$15.8M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	+0.035%	$358.9M	$1.53B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.69	−0.042%	$219K	$726K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.85	+0.093%	$1.2M	$7.7M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.70	−0.030%	$133.1M	$224.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.78	+0.031%	—	$330.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.73	−0.008%	$23.1M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.53	−0.176%	$24.9M	$94.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.51	−0.198%	$93.6M	$356.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.52	−0.185%	$47.7M	$25.9M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.71	−0.025%	$1.3M	$9.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	−0.102%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	−0.066%	$283K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	−0.047%	$26K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.65	−0.073%	$190K	$1.4M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.195%	$225.4M	$39.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	−0.033%	$45.3M	$98.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.009%	$127.3M	$9.4M	20x	as long as short
Phoenix SOL	+0.0103%	1h	116.81	+0.061%	$6.7M	$11.6M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	116.74	−0.002%	$8.4M	$32.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.63	−0.094%	—	$210.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0128%	1h	116.73	−0.006%	$33.2M	$91.9M	100x	as long as short
BloFin SOL-USDTshort	+0.0185%	8h	116.44	−0.256%	$51.7M	$55.6M	125x
Reya SOLRUSDPERP	+0.0201%	1h	116.58	−0.135%	$1.1M	$90K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.67	−0.058%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	116.85	+0.093%	$2.2M	$3.7M	20x	as long as short
Aftermath Perps SOLUSD	+0.0427%	1h	116.70	−0.032%	$25K	$45K	20x	as long as short