Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.007%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$50.048% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.007%, 7d avg +0.002%

Together, before fees+0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 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: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	117.26	0.0081	pay 0.0081% / 8h	5h 55m	$430.5M	$910.7M	300x
Short	Lighter SOL	117.27	0.0096	get 0.0012% / 1h	55m 41s	$13.2M	$54.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: $3.15
Price spread: +0.007% → +0.002%: $0.53
Slippage, 4 orders: −$2.84
Fee MEXC: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.16
Costs to cover: 0.048%
Break-even: 9.6 days

Slippage from MEXC: live order book, 2 min ago; Lighter: live order book, 6 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 MEXC live order book, 2 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$257	5.2 bp −$2,589
Sell Lighter live order book, 6 min ago	0.30 bp	1.4 bp −$1	2.7 bp −$27	7.5 bp −$753	21.9 bp −$11.0K

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	+0.091%	$100K	$647K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.149%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0054%	8h	117.26	0.000%	$734.6M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0018%	1h	117.28	+0.017%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	+0.077%	$41K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.35	+0.077%	$9.3M	$17.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.097%	$1.3M	$15.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.35	+0.079%	$99K	$2.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.35	+0.075%	$26.4M	$18.5M	50x	as long as short
Vest SOL-PERP	+0.0008%	1h	117.29	+0.028%	—	$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	117.25	−0.006%	$482.7M	$397.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.32	+0.053%	$8.4M	$369.8M	50x	as long as short
Aster SOLUSDT	+0.0043%	8h	117.25	−0.009%	$177.8M	$155.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0051%	8h	117.27	+0.007%	$996K	$5.2M	100x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.26	0.000%	$101K	$181K	20x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.22	−0.030%	$348K	$258K	20x	as long as short
Binance SOLUSDT	+0.0081%	8h	117.25	−0.009%	$971.3M	$3.43B	100x	as long as short
MEXC SOL_USDTlong	+0.0081%	8h	117.26	long leg	$430.5M	$910.7M	300x
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.33	+0.061%	$32.6M	$92.1M	100x	as long as short
Gate SOL_USDT	+0.0090%	8h	117.25	−0.009%	$842.8M	$584.6M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	117.27	+0.007%	$13.2M	$54.4M	25x
Lighter RH SOL	+0.0096%	1h	117.25	−0.009%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.28	+0.019%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.26	0.000%	$45K	$879K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.31	+0.039%	$5.7M	$39.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.31	+0.041%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.25	−0.009%	$361.6M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.27	+0.009%	$223K	$759K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.32	+0.051%	$1.3M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.075%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.27	+0.004%	$134.5M	$225.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.25	−0.009%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.29	+0.026%	$23.2M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.28	+0.013%	$25.1M	$99.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.28	+0.014%	$94.2M	$374.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	+0.077%	$48.0M	$25.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.37	+0.092%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	+0.026%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.28	+0.017%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.30	+0.038%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.28	+0.020%	$27K	$35K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.31	+0.039%	$191K	$1.5M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.36	+0.082%	$227.0M	$41.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.31	+0.043%	$45.5M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.22	−0.037%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.30	+0.032%	—	$210.5M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.51	+0.213%	$6.6M	$11.6M	25x	as long as short
Hyperliquid SOL	+0.0198%	1h	117.39	+0.111%	$723.3M	$366.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.26	+0.002%	$1.1M	$93K	25x	as long as short
BloFin SOL-USDT	+0.0203%	8h	117.33	+0.060%	$51.6M	$57.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.350%	$4K	$117	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.31	+0.040%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.35	+0.075%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0383%	1h	117.35	+0.073%	$25K	$52K	20x	as long as short