Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.007%

Price spread now: Orderly against Lighter RH−0.019%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now −0.019%, 7d avg −0.002%

Together, before fees−0.269%+ Points / potential airdropLighter RH: Points live · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, 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	117.29	0.0096	pay 0.0012% / 1h	55m 49s	$2.3M	$13.5M	25x
Short	Orderly PERP_SOL_USDC	117.27	0.0051	get 0.0051% / 8h	5h 55m	$996K	$5.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.019%Rate

Funding earned: −$9.54
Price spread: −0.019% → −0.002%: −$1.63
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.17
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

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	1.24 bp	1.2 bp −$1	2.1 bp −$21	22.5 bp −$2,246	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 54 exchanges

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
Hibachi SOL/USDT-P	−0.0264%	1h	117.37	+0.066%	$100K	$647K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.124%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0052%	8h	117.25	−0.033%	$734.5M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0018%	1h	117.28	−0.009%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	+0.051%	$41K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.35	+0.051%	$9.3M	$17.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.072%	$1.3M	$15.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.35	+0.054%	$99K	$2.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.35	+0.049%	$26.4M	$18.5M	50x	as long as short
Vest SOL-PERP	+0.0008%	1h	117.29	+0.002%	—	$272K	20x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0029%	8h	117.27	−0.019%	$482.8M	$398.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.32	+0.027%	$8.4M	$369.8M	50x	as long as short
Aster SOLUSDT	+0.0043%	8h	117.27	−0.019%	$177.9M	$155.5M	100x	as long as short
Orderly PERP_SOL_USDCshort	+0.0051%	8h	117.27	−0.019%	$996K	$5.2M	100x
01 Exchange SOLUSD	+0.0064%	1h	117.33	+0.034%	$101K	$181K	20x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.22	−0.056%	$348K	$258K	20x	as long as short
Binance SOLUSDT	+0.0082%	8h	117.26	−0.030%	$971.3M	$3.43B	100x	as long as short
MEXC SOL_USDT	+0.0082%	8h	117.26	−0.026%	$430.6M	$910.6M	300x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.33	+0.036%	$32.6M	$92.1M	100x	as long as short
Gate SOL_USDT	+0.0092%	8h	117.28	−0.009%	$843.1M	$584.5M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.31	+0.014%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.29	long leg	$2.3M	$13.5M	25x
Paradex SOL-USD-PERP	+0.0100%	8h	117.36	+0.062%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	+0.009%	$45K	$879K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	+0.014%	$5.7M	$39.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.41	+0.100%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.24	−0.043%	$361.8M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.27	−0.017%	$223K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.39	+0.084%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.049%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.27	−0.014%	$134.5M	$228.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.25	−0.030%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.29	0.000%	$23.2M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.25	−0.036%	$25.1M	$100.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.24	−0.044%	$94.1M	$381.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	+0.051%	$48.0M	$25.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.37	+0.067%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	0.000%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.28	−0.009%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.30	+0.013%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.28	−0.006%	$27K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.31	+0.014%	$191K	$1.5M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.36	+0.057%	$227.0M	$41.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.31	+0.017%	$45.5M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.23	−0.052%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.30	+0.006%	—	$210.5M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.51	+0.188%	$6.6M	$11.6M	25x	as long as short
Hyperliquid SOL	+0.0199%	1h	117.43	+0.119%	$723.6M	$366.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.26	−0.023%	$1.1M	$93K	25x	as long as short
BloFin SOL-USDT	+0.0203%	8h	117.33	+0.034%	$51.6M	$57.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.375%	$4K	$117	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.31	+0.014%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.35	+0.050%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0383%	1h	117.35	+0.048%	$25K	$52K	20x	as long as short