Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aevo against Lighter RH+0.026%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Lighter RH Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.026%, 7d avg −0.020%

Together, before fees−0.140%+ Points / potential airdropLighter RH: Points live · farm board−$14 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: Aevo is 0.047% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	117.86	0.0096	pay 0.0012% / 1h	43m 18s	$2.2M	$16.7M	25x
Short	Aevo SOL-PERP	117.89	0.0096	get 0.0012% / 1h	43m 18s	$345K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter RH. 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 Lighter RHbpFee AevobpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.020%: $4.65
Slippage, 4 orders: −$24.52
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.87
Costs to cover: 0.405%
Break-even: 73706025651524208.0 days

Slippage from Lighter RH: live order book, 6 min ago; Aevo: live order book, 26 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 RH live order book, 6 min ago	1.18 bp	1.2 bp −$1	1.9 bp −$19	19.4 bp −$1,941	doesn't fit
Sell Aevo live order book, 26 min ago	10.53 bp	19.1 bp −$19	26.9 bp −$269	67.3 bp −$6,735	doesn't fit

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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.198%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.92	+0.058%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.05	+0.161%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.89	+0.032%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0035%	8h	117.86	+0.005%	$229.2M	$45.1M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.83	−0.024%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0003%	8h	117.95	+0.079%	$852.8M	$654.2M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.95	+0.079%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.00	+0.121%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.05	+0.168%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.97	+0.092%	$128K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0011%	1h	117.94	+0.068%	$26.4M	$25.4M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.94	+0.067%	$2.0M	$4.7M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.84	−0.017%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.92	+0.053%	$7.9M	$412.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.95	+0.077%	—	$369.7M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	117.90	+0.036%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.02	+0.138%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	117.88	+0.018%	$13.0M	$59.1M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.86	long leg	$2.2M	$16.7M	25x
Aevo SOL-PERPshort	+0.0096%	1h	117.89	+0.026%	$345K	$264K	20x
Paradex SOL-USD-PERP	+0.0099%	8h	117.97	+0.095%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.95	+0.079%	$49K	$835K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.92	+0.049%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.92	+0.052%	$177.1M	$180.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.00	+0.120%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.86	+0.003%	$977.8M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.88	+0.020%	$823.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.78	−0.065%	$369.1M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.84	−0.014%	$239K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.96	+0.089%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.95	+0.079%	$423.5M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.95	+0.076%	$133.8M	$208.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.85	−0.008%	$489.2M	$446.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.05	+0.164%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	+0.127%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.174%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.90	+0.035%	$48.3M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.01	+0.130%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.92	+0.053%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.95	+0.082%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.92	+0.049%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.93	+0.060%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.87	+0.011%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.88	+0.020%	$45.9M	$101.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.181%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.96	+0.087%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.86	+0.003%	$8.2M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0105%	1h	118.04	+0.155%	$719.3M	$403.1M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.02	+0.139%	—	$228.4M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.91	+0.048%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.155%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.291%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0168%	1h	117.95	+0.079%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0313%	1h	118.01	+0.133%	$25K	$51K	20x	as long as short