Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Paradex against Lighter RH−0.106%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$100.099% of the position

Long on Lighter RH Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.106%, 7d avg 0.000%

Together, before fees+0.116%+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm board+$12 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: Paradex is 0.106% cheaper against Lighter RH than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	119.17	0.0096	pay 0.0012% / 1h	49m 18s	$2.1M	$16.7M	25x
Short	Paradex SOL-USD-PERP	119.04	0.0099	get 0.0099% / 8h	1h 49m	$1.0M	$523K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0.71
Price spread: −0.106% → 0.000%: −$10.59
Slippage, 4 orders: −$5.86
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.74
Costs to cover: 0.099%
Break-even: 201.9 days

Slippage from Lighter RH: live order book, 5 min ago; Paradex: 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, 5 min ago	1.26 bp	1.3 bp −$1	1.9 bp −$19	16.9 bp −$1,691	doesn't fit
Sell Paradex live order book, 5 min ago	1.67 bp	3.7 bp −$4	9.8 bp −$98	doesn't fit	doesn't fit

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
Derive SOL-PERP	−0.0094%	1h	119.05	−0.099%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.10	−0.061%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.07	−0.081%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0003%	1h	119.15	−0.017%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.14	−0.021%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.11	−0.046%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.10	−0.062%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.12	−0.040%	$120K	$618K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	+0.168%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0056%	1h	119.23	+0.052%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0065%	8h	119.16	−0.006%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.12	−0.040%	$232.0M	$44.5M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.12	−0.039%	—	$375.8M	—	as long as short
Lighter SOL	+0.0096%	1h	119.20	+0.022%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.17	long leg	$2.1M	$16.7M	25x
01 Exchange SOLUSD	+0.0096%	1h	119.15	−0.017%	$104K	$153K	20x	as long as short
Gate SOL_USDT	+0.0096%	8h	119.10	−0.059%	$867.7M	$676.6M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.14	−0.025%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERPshort	+0.0099%	8h	119.04	−0.106%	$1.0M	$523K	50x
Katana Perps SOL-USD	+0.0100%	8h	119.12	−0.042%	$46K	$789K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.12	−0.045%	$6.3M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.22	+0.042%	$719.2M	$414.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.16	−0.009%	$178.4M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.13	−0.037%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.20	+0.025%	$981.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.21	+0.034%	$823.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.12	−0.042%	$371.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.10	−0.059%	$234K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.16	−0.007%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	−0.015%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.12	−0.042%	$437.7M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.12	−0.040%	$140.6M	$199.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.13	−0.031%	$495.3M	$454.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.10	−0.059%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.16	−0.004%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.18	+0.006%	$95.7M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.10	−0.059%	$48.7M	$32.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.31	+0.120%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.12	−0.042%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.12	−0.042%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.11	−0.047%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.13	−0.035%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.08	−0.078%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.17	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.17	0.000%	$46.5M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.12	−0.038%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.22	+0.038%	$8.2M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.10	−0.060%	—	$221.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.19	+0.017%	$32.8M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.14	−0.027%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.11	−0.050%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.16	−0.009%	$1.6M	$6.0M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0201%	1h	119.22	+0.046%	$26.7M	$27.6M	50x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.201%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.20	+0.025%	$52.1M	$86.9M	125x	as long as short