Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter RH+0.039%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$50.054% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.039%, 7d avg +0.001%

Together, before fees−0.097%+ Points / potential airdropLighter RH: Points live · farm board−$10 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: MEXC is 0.038% 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	119.02	0.0096	pay 0.0012% / 1h	27m 14s	$2.2M	$16.8M	25x
Short	MEXC SOL_USDT	119.07	0.0100	get 0.0100% / 8h	7h 27m	$432.3M	$1.13B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0.84
Price spread: +0.039% → +0.001%: $3.76
Slippage, 4 orders: −$3.44
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$0.84
Costs to cover: 0.054%
Break-even: 14.0 days

Slippage from Lighter RH: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	1.30 bp	1.3 bp −$1	1.7 bp −$17	18.0 bp −$1,797	doesn't fit
Sell MEXC live order book, 2 min ago	0.42 bp	1.4 bp −$1	1.6 bp −$16	2.9 bp −$291	7.4 bp −$3,699

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	119.05	+0.024%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	119.01	−0.012%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.96	−0.057%	$2.0M	$2.7M	13x	as long as short
Bluefin SOL-PERP	−0.0056%	1h	119.06	+0.028%	$37K	$17K	25x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.00	−0.019%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.05	+0.024%	$32.4M	$96.5M	100x	as long as short
HTX SOL-USDT	−0.0005%	8h	119.00	−0.017%	$231.5M	$43.9M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.06	+0.028%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.04	+0.016%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.06	+0.029%	$154K	$3.8M	8.3x	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	+0.0032%	1h	119.10	+0.064%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.09	+0.053%	$101K	$657K	20x	as long as short
Phemex SOLUSDT	+0.0046%	8h	119.07	+0.039%	$46.6M	$99.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.08	+0.049%	—	$366.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	119.05	+0.020%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.08	+0.048%	$8.1M	$410.3M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.04	+0.010%	$14.2M	$55.9M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.02	long leg	$2.2M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	119.05	+0.024%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.01	−0.008%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.02	−0.003%	$45K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.07	+0.043%	$5.9M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.18	+0.131%	$722.7M	$399.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.07	+0.038%	$179.6M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.03	+0.005%	$12.2M	$124.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.04	+0.013%	$980.1M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.07	+0.039%	$824.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.04	+0.013%	$371.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	+0.047%	$233K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.04	+0.014%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.07	+0.039%	$136.4M	$9.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	119.08	+0.047%	$854.4M	$666.5M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.07	+0.039%	$432.3M	$1.13B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.09	+0.054%	$138.5M	$202.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.04	+0.013%	$494.1M	$440.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.10	+0.064%	$24.2M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.98	−0.040%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.93	−0.082%	$95.5M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.95	−0.062%	$48.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.93	−0.079%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.05	+0.022%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.07	+0.039%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.07	+0.035%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.97	−0.046%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.04	+0.013%	$6.3M	$10.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.01	−0.008%	$8.6M	$35.0M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.19	+0.139%	$6.6M	$13.6M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0118%	1h	119.10	+0.063%	$26.7M	$24.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.11	+0.070%	—	$219.2M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.05	+0.019%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.06	+0.029%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.012%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	+0.0176%	1h	119.02	−0.003%	$25K	$50K	20x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.06	+0.029%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.05	+0.022%	$51.9M	$76.3M	125x	as long as short