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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%
Price spread now: Phemex against Lighter+0.077%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$210.205% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.077%, 7d avg −0.011%
Together, before fees−0.189%+ Points / potential airdropLighter: Season 3 · farm board−$19 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: Phemex is 0.088% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SOL115.740.0096pay 0.0012% / 1h31m 41s$12.9M$60.9M25x
ShortPhemex SOLUSDT115.830.0100get 0.0100% / 8h2h 31m$45.1M$104.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: +0.077% → −0.011%
$8.77
Slippage, 4 orders
−$8.51
Fee Lighter: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$10.9
Costs to cover
0.205%
Break-even
97.8 days
Slippage from Lighter: live order book, 7 min ago; Phemex: live order book, 2 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, 7 min ago0.52 bp0.6 bp −$11.9 bp −$198.5 bp −$85224.0 bp −$12.0K
Sell Phemex live order book, 2 min ago0.43 bp12.5 bp −$1313.5 bp −$13521.1 bp −$2,114doesn'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
Kraken Futures PF_SOLUSD−0.0241%1h115.79+0.038%$31.7M$103.8M100xas long as short
Hibachi SOL/USDT-P−0.0200%1h115.86+0.101%$104K$693K20xas long as short
Derive SOL-PERP−0.0125%1h115.71−0.024%$1.9M$2.9M13xas long as short
Bybit SOLUSDT−0.0116%8h115.69−0.047%$739.9M$1.42B100xas long as short
BingX SOL-USDC−0.0115%8h115.69−0.043%$10.6Mas long as short
Vest SOL-PERP−0.0100%1h115.81+0.063%$625K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.05+0.270%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.82+0.069%$41K150xas long as short
Kalshi KXSOLPERP0.0000%8h115.86+0.106%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m115.80+0.048%$113K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0014%1h115.72−0.017%$4.3M$24.1M20xas long as short
01 Exchange SOLUSD+0.0016%1h115.90+0.137%$99K$176K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h115.81+0.060%$7.8M$403.5M50xas long as short
Bitget SOLUSDT+0.0068%8h115.72−0.021%$479.7M$455.5M100xas long as short
Bullet SOL-USD+0.0087%1h115.81+0.062%$147K$1.6M20xas long as short
Orderly PERP_SOL_USDC+0.0096%8h115.83+0.073%$1.0M$5.9M100xas long as short
Lighter SOLlong+0.0096%1h115.74long leg$12.9M$60.9M25x
Lighter RH SOL+0.0096%1h115.74−0.001%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h115.80+0.050%$348K$247K20xas long as short
Aster SOLUSDT+0.0099%8h115.72−0.017%$173.5M$184.3M100xas long as short
Katana Perps SOL-USD+0.0099%8h115.73−0.010%$62K$911K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h115.77+0.023%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h115.80+0.051%$5.2M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h115.77+0.021%$685.7M$399.4M20xas long as short
Pacifica SOL+0.0100%1h115.78+0.031%$15.5M$130.6M20xas long as short
Binance SOLUSDT+0.0100%8h115.74−0.001%$961.1M$3.88B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h115.73−0.010%$360.6M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h115.67−0.061%$215K$870K10xas long as short
Arcus SOL-USD+0.0100%1h115.78+0.032%$913K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h115.84+0.086%$125.6M$19.8M20xas long as short
Gate SOL_USDT+0.0100%8h115.73−0.010%$838.6M$667.1M100xas long as short
MEXC SOL_USDT+0.0100%8h115.74−0.001%$359.1M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h115.72−0.020%$124.3M$229.2M75xas long as short
Backpack SOL_USDC_PERP+0.0100%1h115.78+0.034%$22.8M$40.3M50xas long as short
Variational Omni SOL+0.0100%8h116.00+0.221%$24.8M$114.4Mas long as short
edgeX SOLUSDC+0.0100%4h116.13+0.334%$93.2M$406.1M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.99+0.215%$47.5M$30.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.19+0.386%$1.1M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h115.84+0.086%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h115.82+0.068%$317K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h115.80+0.051%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h115.83+0.073%$188K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h115.78+0.034%$6.0M$10.9M20xas long as short
HTX SOL-USDT+0.0100%8h115.74−0.003%$224.4M$50.0M75xas long as short
Phemex SOLUSDTshort+0.0100%8h115.83+0.077%$45.1M$104.4M50x
Extended SOL-USD+0.0104%1h115.69−0.044%$7.9M$38.8M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h115.88+0.123%$239.4M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0121%1h115.82+0.071%$26.2M$21.9M50xas long as short
Injective SOL/USDC PERP+0.0173%1h116.55+0.699%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h116.11+0.319%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERP+0.0193%1h115.77+0.027%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h115.81+0.060%$51.8M$67.8M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0173%1h115.82+0.070%$3.5M200xas long as short
RISEx SOL/USDC+0.0547%1h115.81+0.056%$1.9M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0599%1h115.99+0.216%$25K$53K20xas long as short