Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%

Price spread now: BingX against Lighter RH+0.035%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$130.131% of the position

Long on Lighter RH Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.035%, 7d avg −0.001%

Together, before fees−0.068%+ Points / potential airdropLighter RH: Points live · farm board−$7 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: BingX is 0.036% dearer against Lighter RH than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	116.25	0.0096	pay 0.0012% / 1h	37m 59s	$2.2M	$14.8M	25x
Short	BingX SOL-USDT	116.29	0.0100	get 0.0100% / 8h	7h 37m	—	$371.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0.84
Price spread: +0.035% → −0.001%: $3.6
Slippage, 4 orders: −$3.09
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.65
Costs to cover: 0.131%
Break-even: 79.1 days

Slippage from Lighter RH: live order book, 6 min ago; BingX: live order book, 16 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	0.73 bp	0.7 bp −$1	1.4 bp −$14	21.1 bp −$2,110	doesn't fit
Sell BingX live order book, 16 min ago	0.82 bp	5.8 bp −$6	5.8 bp −$58	7.7 bp −$774	12.5 bp −$6,233

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
Hotstuff SOL-PERP	−0.0080%	1h	116.19	−0.052%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.30	+0.043%	$32.3M	$105.5M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.28	+0.028%	$42K	—	150x	as long as short
Vest SOL-PERP	−0.0001%	1h	116.22	−0.024%	—	$636K	20x	as long as short
dYdX SOL-USD	0.0000%	1h	116.25	−0.001%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.18	−0.063%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.24	−0.013%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.19	−0.053%	$1.8M	$2.9M	13x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0023%	1h	116.33	+0.065%	$26.2M	$21.6M	50x	as long as short
Bitget SOLUSDT	+0.0025%	8h	116.29	+0.035%	$479.7M	$451.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOLUSDT	+0.0029%	8h	116.29	+0.032%	$731.2M	$1.39B	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.30	+0.040%	$7.8M	$393.2M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.30	+0.040%	$177.0M	$169.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	116.26	+0.007%	$1.0M	$5.9M	100x	as long as short
Gate SOL_USDT	+0.0073%	8h	116.27	+0.015%	$848.3M	$610.4M	100x	as long as short
SoDEX SOL-USD	+0.0089%	1h	116.26	+0.006%	$6.1M	$11.0M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.26	+0.009%	$13.0M	$56.0M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	116.25	long leg	$2.2M	$14.8M	25x
Aevo SOL-PERP	+0.0096%	1h	116.25	−0.001%	$351K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.18	−0.065%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.21	−0.037%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.22	−0.027%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.40	+0.126%	$695.5M	$404.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.23	−0.024%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.30	+0.038%	$961.7M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.31	+0.049%	$366.0M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.14	−0.097%	$218K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.26	+0.004%	$932K	$8.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.28	+0.023%	$374.4M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.26	+0.009%	$129.7M	$237.4M	75x	as long as short
BingX SOL-USDTshort	+0.0100%	8h	116.29	+0.035%	—	$371.8M	—
Backpack SOL_USDC_PERP	+0.0100%	1h	116.31	+0.049%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.24	−0.015%	$24.8M	$105.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.27	+0.016%	$93.4M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	+0.126%	$47.6M	$28.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.30	+0.040%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.28	+0.023%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.28	+0.023%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.27	+0.015%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.25	−0.002%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.20	−0.048%	$225.0M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.26	+0.006%	$45.2M	$103.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	−0.004%	$125.8M	$25.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.27	+0.012%	$8.2M	$36.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	116.31	+0.052%	$100K	$683K	20x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.31	+0.049%	$101K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.15	−0.087%	—	$230.9M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.33	+0.066%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.075%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.24	−0.014%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	−0.011%	$52.0M	$64.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.27	+0.017%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0408%	1h	116.34	+0.073%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.29	+0.029%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.0800%	1h	116.25	−0.004%	$27K	$36K	25x	as long as short