Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: SunX against Lighter RH+0.026%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.026%, 7d avg −0.023%

Together, before fees−0.246%+ Points / potential airdropLighter RH: Points live · farm board−$25 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: SunX is 0.048% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	117.11	0.0096	pay 0.0012% / 1h	51m 20s	$2.3M	$13.5M	25x
Short	SunX SOL-USDT	117.14	0.0100	get 0.0100% / 8h	5h 51m	$190K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0.84
Price spread: +0.026% → −0.023%: $4.83
Slippage, 4 orders: −$37.94
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.26
Costs to cover: 0.459%
Break-even: 342.5 days

Slippage from Lighter RH: live order book, 6 min ago; SunX: live order book, 7 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, 6 min ago	1.07 bp	1.1 bp −$1	1.6 bp −$16	17.7 bp −$1,770	doesn't fit
Sell SunX live order book, 7 min ago	4.63 bp	20.0 bp −$20	30.7 bp −$307	doesn't fit	doesn't fit

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	−0.0272%	1h	117.15	+0.034%	$99K	$634K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.282%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0053%	8h	117.14	+0.029%	$733.5M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0028%	1h	117.15	+0.038%	$6.0M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.20	+0.081%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.16	+0.048%	$1.3M	$15.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.25	+0.120%	$98K	$2.8M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.21	+0.088%	$26.4M	$18.3M	50x	as long as short
Vest SOL-PERP	+0.0007%	1h	117.14	+0.031%	—	$272K	20x	as long as short
Bitget SOLUSDT	+0.0028%	8h	117.15	+0.035%	$482.3M	$395.8M	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.18	+0.064%	$8.4M	$367.8M	50x	as long as short
Aster SOLUSDT	+0.0042%	8h	117.14	+0.030%	$177.7M	$155.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0049%	8h	117.14	+0.028%	$995K	$5.0M	100x	as long as short
ApeX Omni SOLUSDT	+0.0050%	1h	117.22	+0.096%	$1.1M	$6.5M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.18	+0.064%	$101K	$181K	20x	as long as short
Phoenix SOL	+0.0075%	1h	117.28	+0.149%	$6.6M	$12.2M	25x	as long as short
MEXC SOL_USDT	+0.0078%	8h	117.14	+0.030%	$430.6M	$911.6M	300x	as long as short
Binance SOLUSDT	+0.0078%	8h	117.15	+0.038%	$970.7M	$3.42B	100x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.09	−0.016%	$348K	$258K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.19	+0.071%	$33.6M	$93.1M	100x	as long as short
Gate SOL_USDT	+0.0084%	8h	117.15	+0.038%	$841.8M	$585.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.13	+0.017%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.11	long leg	$2.3M	$13.5M	25x
Paradex SOL-USD-PERP	+0.0100%	8h	117.14	+0.034%	$1.0M	$552K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.15	+0.038%	$45K	$885K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.14	+0.034%	$5.7M	$39.0M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.17	+0.054%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.15	+0.038%	$361.0M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.03	−0.064%	$222K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.22	+0.099%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.207%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.15	+0.037%	$134.5M	$226.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.15	+0.038%	—	$333.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.21	+0.090%	$23.2M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.28	+0.145%	$25.1M	$99.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.19	+0.069%	$94.1M	$374.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.18	+0.065%	$48.0M	$25.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.16	+0.047%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.14	+0.030%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.17	+0.057%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.13	+0.023%	$25K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.14	+0.026%	$190K	$1.4M	30x
HTX SOL-USDT	+0.0100%	8h	117.10	−0.003%	$226.5M	$40.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.18	+0.064%	$45.5M	$99.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.10	0.000%	$8.4M	$33.2M	50x	as long as short
dYdX SOL-USD	+0.0110%	1h	117.18	+0.064%	$9.3M	$17.9M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.17	+0.055%	—	$210.4M	500x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.12	+0.011%	$1.1M	$92K	25x	as long as short
BloFin SOL-USDT	+0.0201%	8h	117.20	+0.081%	$51.6M	$57.1M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.218%	$4K	$117	12x	as long as short
Hyperliquid SOL	+0.0220%	1h	117.29	+0.158%	$722.9M	$365.1M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.19	+0.069%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.20	+0.084%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0382%	1h	117.26	+0.133%	$25K	$48K	20x	as long as short