Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Lighter RH+0.157%50s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.162% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days−0.191%−$19 · spread now +0.157%, 7d avg −0.022%

Together, before fees−0.176%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$18 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: edgeX is 0.179% dearer against Lighter RH than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	116.43	0.0096	pay 0.0012% / 1h	24m 38s	$2.2M	$16.8M	25x
Short	edgeX SOLUSDC	116.61	0.0100	get 0.0050% / 4h	3h 24m	$93.6M	$400.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0.84
Price spread: +0.157% → −0.022%: $17.9
Slippage, 4 orders: −$7.16
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.58
Costs to cover: 0.162%
Break-even: from the start

Slippage from Lighter RH: live order book, 4 min ago; edgeX: 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 RH live order book, 4 min ago	1.03 bp	1.8 bp −$2	2.6 bp −$26	19.9 bp −$1,989	doesn't fit
Sell edgeX live order book, 5 min ago	2.14 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$673	9.9 bp −$4,967

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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.46	+0.028%	$30.9M	$101.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	116.57	+0.119%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.46	+0.028%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	+0.088%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0015%	8h	116.38	−0.043%	$755.6M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	+0.041%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.126%	$1.4M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0015%	1h	116.51	+0.066%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.39	−0.038%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.48	+0.046%	$7.6M	$404.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.49	+0.052%	$99K	$174K	20x	as long as short
Bullet SOL-USD	+0.0081%	1h	116.46	+0.029%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.47	+0.035%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.45	+0.017%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	116.43	long leg	$2.2M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	116.46	+0.029%	$350K	$247K	20x	as long as short
Bitget SOLUSDT	+0.0098%	8h	116.47	+0.033%	$480.8M	$445.1M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.47	+0.034%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.46	+0.022%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.54	+0.095%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.54	+0.094%	$703.0M	$394.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.43	0.000%	$174.4M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.48	+0.045%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.45	+0.017%	$971.5M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.50	+0.060%	$366.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	+0.034%	$229K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	+0.076%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.275%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.43	0.000%	$851.0M	$664.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	+0.043%	$365.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.49	+0.052%	$129.1M	$223.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.44	+0.008%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.46	+0.026%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	−0.023%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	116.61	+0.157%	$93.6M	$400.0M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.214%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.180%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	+0.129%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.043%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.46	+0.027%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.46	+0.027%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.47	+0.034%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.47	+0.034%	$225.7M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	+0.060%	$45.5M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.39	−0.030%	$8.3M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.232%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	+0.114%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.64	+0.180%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0190%	1h	116.53	+0.085%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.46	+0.026%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	+0.026%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.46	+0.028%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.55	+0.107%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.71	+0.237%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.57	+0.122%	$1.9M	$4.8M	20x	as long as short