Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Lighter−0.003%7-day average −0.024% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

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

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.003%, 7d avg −0.024%

Together, before fees−0.060%+ Points / potential airdropLighter: Season 3 · farm board−$6 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: HTX is 0.021% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.49	0.0096	pay 0.0012% / 1h	59m 29s	$13.2M	$60.1M	25x
Short	HTX SOL-USDT	116.49	0.0100	get 0.0100% / 8h	59m 29s	$225.6M	$50.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0.84
Price spread: −0.003% → −0.024%: $2.12
Slippage, 4 orders: −$2.4
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$11.44
Costs to cover: 0.144%
Break-even: 102.3 days

Slippage from Lighter: live order book, 5 min ago; HTX: 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, 5 min ago	0.30 bp	0.5 bp $0	1.5 bp −$15	5.7 bp −$570	23.1 bp −$11.6K
Sell HTX live order book, 5 min ago	0.00 bp	6.3 bp −$6	8.3 bp −$83	16.4 bp −$1,636	43.4 bp −$21.7K

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	−0.0216%	1h	116.52	+0.027%	$97K	$679K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.49	+0.001%	$737.3M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.017%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.59	+0.083%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	+0.016%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.49	−0.001%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	+0.043%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.54	+0.041%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.57	+0.069%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.51	+0.015%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0034%	8h	116.50	+0.009%	$480.4M	$458.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.58	+0.076%	$8.0M	$402.2M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.47	−0.013%	$2.2M	$17.0M	25x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.54	+0.044%	$99K	$177K	20x	as long as short
SoDEX SOL-USD	+0.0064%	1h	116.54	+0.044%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0071%	8h	116.50	+0.008%	$176.5M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	116.51	+0.017%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0091%	1h	116.63	+0.120%	$26.4M	$21.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.53	+0.037%	$1.0M	$554K	50x	as long as short
Lighter SOLlong	+0.0096%	1h	116.49	long leg	$13.2M	$60.1M	25x
Aevo SOL-PERP	+0.0096%	1h	116.55	+0.051%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.49	+0.001%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.003%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.63	+0.121%	$701.1M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.043%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.50	+0.013%	$965.1M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	+0.018%	$367.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.051%	$216K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	+0.027%	$898K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.031%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.50	+0.009%	$851.8M	$655.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.52	+0.027%	$369.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.50	+0.005%	$132.9M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.46	−0.027%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	+0.044%	$23.0M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.44	−0.038%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	−0.010%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.004%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	+0.035%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.095%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	+0.018%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.029%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	+0.021%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.55	+0.056%	$189K	$1.8M	30x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.49	−0.003%	$225.6M	$50.4M	75x
Phemex SOLUSDT	+0.0100%	8h	116.54	+0.044%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.027%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.49	+0.004%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.112%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.59	+0.087%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.49	+0.001%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	+0.001%	$52.0M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.53	+0.039%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.59	+0.091%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.60	+0.094%	$25K	$57K	20x	as long as short