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

SOL

all SOL markets
SwapBacktest
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: KuCoin against Lighter+0.072%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$180.181% of the position
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−0.070%−$7 · spread now +0.072%, 7d avg +0.001%
Together, before fees−0.119%+ Points / potential airdropLighter: Season 3 · farm board−$12 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: KuCoin is 0.071% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SOL119.160.0096pay 0.0012% / 1h5m 28s$13.6M$56.1M25x
ShortKuCoin SOLUSDTM119.250.0100get 0.0100% / 8h1h 05m$139.6M$202.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0.84
Price spread: +0.072% → +0.001%
$7.09
Slippage, 4 orders
−$6.09
Fee Lighter: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$10.16
Costs to cover
0.181%
Break-even
91.7 days
Slippage from Lighter: live order book, 8 min ago; KuCoin: live order book, 4 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 Lighter live order book, 8 min ago0.50 bp0.5 bp −$11.9 bp −$196.8 bp −$67620.1 bp −$10.1K
Sell KuCoin live order book, 4 min ago0.08 bp8.4 bp −$810.5 bp −$10514.4 bp −$1,441doesn'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
Bluefin SOL-PERP−0.0219%1h119.18+0.020%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h119.17+0.013%$845$8K25xas long as short
Vest SOL-PERP−0.0063%1h119.16−0.004%$723K20xas long as short
Derive SOL-PERP−0.0052%1h119.10−0.051%$2.0M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.23+0.057%$115K150xas long as short
dYdX SOL-USD−0.0001%1h119.13−0.022%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.19+0.025%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.21+0.043%$177K$4.0M8.3xas long as short
Phoenix SOL+0.0054%1h119.23+0.059%$6.5M$13.6M25xas long as short
Orderly PERP_SOL_USDC+0.0070%8h119.19+0.021%$1.1M$5.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0072%1h119.23+0.059%$104K$156K20xas long as short
Hibachi SOL/USDT-P+0.0072%1h119.06−0.080%$119K$607K20xas long as short
Aftermath Perps SOLUSD+0.0077%1h119.08−0.068%$24K$47K20xas long as short
BingX SOL-USDC+0.0080%8h119.20+0.036%$10.5Mas long as short
HTX SOL-USDT+0.0082%8h119.08−0.066%$231.8M$45.0M75xas long as short
Gate SOL_USDT+0.0089%8h119.13−0.025%$869.8M$689.5M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0091%1h119.23+0.055%$26.7M$27.8M50xas long as short
Lighter SOLlong+0.0096%1h119.16long leg$13.6M$56.1M25x
Lighter RH SOL+0.0096%1h119.14−0.021%$2.2M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h119.14−0.013%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.18+0.015%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.18+0.017%$45K$801K20xas long as short
Nado SOL-PERP+0.0100%1h119.17+0.008%$6.0M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.33+0.143%$718.3M$408.6M20xas long as short
Aster SOLUSDT+0.0100%8h119.23+0.058%$178.5M$176.0M100xas long as short
Pacifica SOL+0.0100%1h119.19+0.026%$12.3M$119.0M20xas long as short
Binance SOLUSDT+0.0100%8h119.22+0.051%$982.1M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.23+0.063%$829.4M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.22+0.050%$372.2M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.04−0.101%$233K$888K10xas long as short
Arcus SOL-USD+0.0100%1h119.24+0.070%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.85−0.260%$133.1M$7.6M20xas long as short
MEXC SOL_USDT+0.0100%8h119.24+0.067%$452.3M$1.13B300xas long as short
KuCoin SOLUSDTMshort+0.0100%8h119.25+0.072%$139.6M$202.3M75x
Bitget SOLUSDT+0.0100%8h119.23+0.057%$496.5M$456.2M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.160.000%$24.2M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h118.87−0.244%$27.5M$128.4Mas long as short
edgeX SOLUSDC+0.0100%4h118.89−0.226%$95.5M$400.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.99−0.143%$48.7M$31.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.00−0.134%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.05−0.092%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.22+0.050%$367K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.22+0.052%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.18+0.014%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.17+0.008%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.15−0.008%$46.5M$102.5M50xas long as short
Extended SOL-USD+0.0104%1h119.18+0.014%$8.7M$36.1M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.19+0.029%$8.3M$416.6M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.22+0.048%$224.8M500xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.17+0.010%$32.6M$97.0M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0169% / S −0.0072%1h119.22+0.050%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h119.22+0.051%$1.1M$551K25xas long as short
RISEx SOL/USDC+0.0192%1h119.25+0.078%$1.7M$5.5M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.02−0.117%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.10−0.050%$52.1M$84.2M125xas long as short