data as of
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Price arb /

SOL

all SOL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.044%7d average+0.139%fees + slippage, in and out−$12spread needed0.120%
Long on Lighter RHShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SOL118.010.0096pay 0.0012% / 1h48m 51s$2.1M$15.6M25x
ShortPhoenix SOL117.960.0163get 0.0020% / 1h48m 51s$7.3M$10.9M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$4.41
Funding while held
$2
Slippage, 4 orders
−$5.05
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$14.46
Spread needed to break even
0.120%
Slippage from Lighter RH: live order book, 2 min ago; Phoenix: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0067%
Per $10,000 a day
+$2.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 2 min ago1.02 bp1.8 bp −$22.7 bp −$2719.5 bp −$1,952doesn't fit
Sell Phoenix live order book, 7 min ago0.85 bp4.6 bp −$55.7 bp −$5710.8 bp −$1,078doesn't fit

SOL price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin117.23cheapestedgeX117.64+0.350%Hotstuff117.68+0.387%ApeX Omni117.71+0.410%Variational Omni117.73+0.433%Nado117.86+0.536%StandX117.89+0.566%Extended117.90+0.575%Paradex117.91+0.581%Aevo117.92+0.589%Katana Perps117.92+0.591%Gate117.92+0.591%MEXC117.92+0.591%Derive117.93+0.597%Binance117.93+0.597%BingX117.93+0.601%Ondo Perps117.94+0.608%Aftermath Perps117.94+0.609%Kraken Futures117.94+0.611%Vest117.95+0.616%OKX117.96+0.625%
Phoenix117.96+0.625%
BloFin117.96+0.625%SunX117.96+0.627%KuCoin117.97+0.630%Bitget117.97+0.630%dYdX117.97+0.633%SoDEX117.97+0.634%Hibachi117.97+0.636%Lighter117.98+0.643%RISEx117.98+0.645%Kalshi117.99+0.650%Jupiter Perps117.99+0.651%Aster117.99+0.652%Perpl118.00+0.659%Backpack118.00+0.659%Deribit118.00+0.659%Bybit118.01+0.665%
Lighter RH118.01+0.670%
Reya118.02+0.673%Coinbase International118.02+0.673%Pacifica118.02+0.676%Arcus118.02+0.678%Phemex118.03+0.685%Orderly118.05+0.699%gTrade (Gains Network)118.05+0.702%HTX118.05+0.704%GMX118.06+0.707%01 Exchange118.07+0.719%Polymarket Perps118.07+0.719%Bullet118.07+0.720%Hyperliquid118.10+0.745%Bulk118.52+1.107%Injective118.60+1.171%

SOL on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin SOL-PERP−0.665%+0.0100%1h$37K$25K25xas long as short
edgeX SOLUSDC−0.317%+0.0100%4h$94.5M$348.6M75xas long as short
Hotstuff SOL-PERP−0.280%−0.0080%1h$834$8K25xas long as short
ApeX Omni SOLUSDT−0.258%−0.0143%1h$1.6M$5.8M50xas long as short
Variational Omni SOL−0.235%+0.0100%8h$25.8M$92.5M—as long as short
Nado SOL-PERP−0.132%+0.0100%1h$5.6M$36.2M40xas long as short
StandX SOL-USD−0.103%+0.0100%1h$1.4M$9.9M30xas long as short
Extended SOL-USD−0.094%+0.0104%1h$8.8M$32.4M50xas long as short
Paradex SOL-USD-PERP−0.088%+0.0097%8h$989K$428K50xas long as short
Aevo SOL-PERP−0.080%+0.0096%1h$349K$775K20xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Katana Perps SOL-USD−0.078%+0.0100%8h$58K$554K20xas long as short
Gate SOL_USDT−0.078%+0.0099%8h$864.1M$620.5M100xas long as short
MEXC SOL_USDT−0.078%+0.0100%8h$452.4M$1.05B300xas long as short
Derive SOL-PERP−0.073%+0.0038%1h$1.8M$2.3M13xas long as short
Binance SOLUSDT−0.072%+0.0100%8h$977.8M$3.31B100xas long as short
BingX SOL-USDT−0.069%+0.0061%8h—$377.6M—as long as short
Ondo Perps SOL-USD.P−0.061%+0.0100%1h$237K$961K10xas long as short
Aftermath Perps SOLUSD−0.060%+0.0399%1h$24K$40K20xas long as short
Kraken Futures PF_SOLUSD−0.058%−0.0114%1h$31.4M$81.9M100xas long as short
Vest SOL-PERP−0.053%−0.0068%1h—$719K20xas long as short
OKX SOL-USDT-SWAP−0.044%+0.0072%8h$376.8M$1.60B100xas long as short
Phoenix SOLshort−0.044%+0.0163%1h$7.3M$10.9M25x
BloFin SOL-USDT−0.044%+0.0220%8h$53.3M$88.8M125xas long as short
SunX SOL-USDT−0.043%+0.0100%8h$195K$1.8M30xas long as short
KuCoin SOLUSDTM−0.040%+0.0100%8h$143.1M$148.0M75xas long as short
Bitget SOLUSDT−0.040%+0.0100%8h$492.8M$416.1M100xas long as short
dYdX SOL-USD−0.036%0.0000%1h$4.5M$21.6M20xas long as short
SoDEX SOL-USD−0.036%+0.0100%1h$3.7M$7.1M20xas long as short
Hibachi SOL/USDT-P−0.034%+0.0544%1h$110K$454K20xas long as short
Lighter SOL−0.026%+0.0096%1h$14.3M$43.8M25xas long as short
RISEx SOL/USDC−0.025%+0.0137%1h$1.6M$7.4M20xas long as short
Kalshi KXSOLPERP−0.019%0.0000%8h$870K$19.7M3.1xas long as short
Jupiter Perps SOL-PERP−0.019%L +0.0120% / S +0.0048%1h—$178.9M500xas long as short
Aster SOLUSDT−0.017%+0.0100%8h$177.6M$156.1M100xas long as short
Perpl SOL−0.011%−0.0447%43m$347K$3.5M8.3xas long as short
Backpack SOL_USDC_PERP−0.010%+0.0100%1h$24.2M$33.5M50xas long as short
Deribit SOL_USDC-PERPETUAL−0.010%0.0000%1h$25.9M$25.1M50xas long as short
Bybit SOLUSDT−0.004%+0.0100%8h$815.4M$1.16B100xas long as short
Lighter RH SOLlong0.000%+0.0096%1h$2.1M$15.6M25x
Reya SOLRUSDPERP+0.003%+0.0200%1h$1.1M$540K25xas long as short
Coinbase International SOL-PERP-INTX+0.003%+0.0104%1h$8.1M$339.3M50xas long as short
Pacifica SOL+0.007%+0.0100%1h$12.2M$75.4M20xas long as short
Arcus SOL-USD+0.008%+0.0100%1h$1.7M$7.5M20xas long as short
Phemex SOLUSDT+0.015%+0.0091%8h$46.1M$87.1M50xas long as short
Orderly PERP_SOL_USDC+0.029%+0.0082%8h$1.1M$3.6M100xas long as short
gTrade (Gains Network) SOL/USD+0.032%L 0.0000% / S +0.0004%1h$59K—150xas long as short
HTX SOL-USDT+0.034%+0.0100%8h$230.6M$36.6M75xas long as short
GMX SOL/USD [SOL-USDC]+0.037%L +0.0186% / S −0.0101%1h$3.7M—200xas long as short
01 Exchange SOLUSD+0.049%+0.0208%1h$115K$131K20xas long as short
Polymarket Perps SOL-USD+0.049%+0.0100%1h$421K$1.8M20xas long as short
Bullet SOL-USD+0.051%+0.0100%1h$200K$1.7M20xas long as short
Hyperliquid SOL+0.075%+0.0135%1h$722.5M$407.0M20xas long as short
Bulk SOL-USD+0.434%+0.0100%1h$116.5M$20.8M20xas long as short
Injective SOL/USDC PERP+0.498%+0.0924%1h$4K$157K12xas long as short