Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter RH+0.003%7-day average +0.004% · 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−$16as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.003%, 7d avg +0.004%

Together, before fees−0.091%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	119.18	0.0096	pay 0.0012% / 1h	31m 08s	$2.1M	$16.9M	25x
Short	KuCoin SOLUSDTM	119.18	0.0067	get 0.0067% / 8h	3h 31m	$137.1M	$181.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$6.09
Price spread: +0.003% → +0.004%: −$0.13
Slippage, 4 orders: −$3.66
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.88
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 3 min ago	0.96 bp	1.0 bp −$1	2.0 bp −$20	18.6 bp −$1,864	doesn't fit
Sell KuCoin live order book, 4 min ago	0.50 bp	6.8 bp −$7	10.4 bp −$104	15.2 bp −$1,520	29.4 bp −$14.7K

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
Vest SOL-PERP	−0.0097%	1h	119.12	−0.050%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.11	−0.054%	$845	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0067%	1h	119.10	−0.065%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.16	−0.016%	$4.9M	$26.4M	20x	as long as short
Derive SOL-PERP	−0.0001%	1h	119.12	−0.047%	$2.0M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.20	+0.023%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.20	+0.019%	$1.2M	$21.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.18	+0.005%	$196K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	119.18	+0.003%	$105K	$148K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.23	+0.045%	$26.7M	$27.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.11	−0.056%	$232.2M	$43.1M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	119.19	+0.010%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTMshort	+0.0067%	8h	119.18	+0.003%	$137.1M	$181.3M	75x
Gate SOL_USDT	+0.0079%	8h	119.17	−0.006%	$860.1M	$674.1M	100x	as long as short
Bitget SOLUSDT	+0.0079%	8h	119.16	−0.013%	$498.4M	$447.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.19	+0.013%	$13.4M	$51.2M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.18	long leg	$2.1M	$16.9M	25x
Aevo SOL-PERP	+0.0096%	1h	119.17	−0.006%	$354K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	119.06	−0.096%	$1.0M	$490K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.16	−0.014%	$49K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.14	−0.033%	$5.6M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.25	+0.061%	$719.8M	$434.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.16	−0.016%	$179.8M	$172.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.15	−0.025%	$13.4M	$108.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.18	+0.003%	$978.1M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.20	+0.021%	$821.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.17	−0.006%	$367.9M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	+0.053%	$234K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.25	+0.059%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.26	+0.067%	$133.2M	$15.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.18	+0.003%	$475.3M	$1.05B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	119.14	−0.029%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.20	+0.019%	$24.4M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.20	+0.017%	$27.6M	$120.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.07	−0.092%	$95.6M	$391.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.22	+0.033%	$48.8M	$33.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.02	−0.132%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	−0.065%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.18	+0.003%	$363K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.18	+0.004%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.19	+0.010%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	+0.004%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.16	−0.014%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.20	+0.019%	$46.6M	$98.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.028%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.25	+0.057%	$8.1M	$409.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.24	+0.052%	—	$216.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	119.19	+0.012%	$36.5M	$90.6M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	119.19	+0.009%	$130K	$580K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.25	+0.061%	$7.2M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.19	+0.015%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.16	−0.011%	$1.1M	$553K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.14	−0.031%	$51.5M	$89.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	119.19	+0.012%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.29	−0.744%	$4K	$2K	12x	as long as short