Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: Lighter against Paradex+0.019%7-day average +0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$90.089% of the position

Long on Paradex Short on Lighter

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 7 days+0.203%+$20 · spread now +0.019%, 7d avg +0.027%

Together, before fees+0.211%+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SOL-USD-PERP	116.21	0.0094	pay 0.0094% / 8h	19m 01s	$1.0M	$554K	50x
Short	Lighter SOL	116.23	0.0096	get 0.0012% / 1h	19m 01s	$13.1M	$60.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.4
Price spread: +0.019% → +0.027%: −$0.75
Slippage, 4 orders: −$4.85
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.21
Costs to cover: 0.089%
Break-even: 168.8 days

Slippage from Paradex: live order book, just now; Lighter: 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 Paradex live order book, just now	1.68 bp	3.7 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.04 bp	0.9 bp −$1	1.9 bp −$19	4.8 bp −$475	17.3 bp −$8,630

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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.27	+0.054%	$32.4M	$107.0M	100x	as long as short
Bybit SOLUSDT	−0.0103%	8h	116.23	+0.016%	$733.7M	$1.43B	100x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.06	−0.130%	$100K	$675K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.23	+0.016%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0075%	1h	116.00	−0.180%	$1.8M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.131%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0044%	1h	116.17	−0.034%	—	$644K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.24	+0.028%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.23	+0.023%	$1.4M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.20	−0.004%	$99K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0005%	1h	116.16	−0.041%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.22	+0.014%	$479.5M	$456.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.27	+0.054%	$7.8M	$399.3M	50x	as long as short
Aster SOLUSDT	+0.0049%	8h	116.23	+0.015%	$177.2M	$168.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0055%	1h	116.29	+0.073%	$26.4M	$21.6M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.26	+0.045%	$100K	$182K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	116.24	+0.027%	$1.0M	$6.1M	100x	as long as short
SoDEX SOL-USD	+0.0074%	1h	116.24	+0.028%	$6.1M	$11.0M	20x	as long as short
Lighter RH SOL	+0.0080%	1h	116.23	+0.016%	$2.2M	$16.8M	25x	as long as short
Paradex SOL-USD-PERPlong	+0.0094%	8h	116.21	long leg	$1.0M	$554K	50x
Lighter SOLshort	+0.0096%	1h	116.23	+0.019%	$13.1M	$60.9M	25x
Aevo SOL-PERP	+0.0096%	1h	116.23	+0.019%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.15	−0.050%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.17	−0.028%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.31	+0.088%	$696.1M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.20	−0.004%	$15.6M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.24	+0.031%	$961.2M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.24	+0.028%	$366.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.01	−0.170%	$224K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.22	+0.013%	$924K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.21	+0.001%	$125.5M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.25	+0.036%	$843.3M	$668.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.25	+0.036%	$371.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.23	+0.020%	$129.3M	$236.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.17	−0.037%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.23	+0.019%	$22.9M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.97	−0.200%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.98	−0.199%	$93.1M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.00	−0.177%	$47.5M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.07	−0.118%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.07	−0.118%	$1.3M	$11.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.22	+0.011%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.23	+0.016%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.21	+0.005%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.23	+0.019%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.21	+0.005%	$224.9M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.22	+0.011%	$45.2M	$104.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.19	−0.011%	$8.2M	$37.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.22	+0.012%	—	$236.1M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.17	−0.032%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.19	−0.013%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	+0.028%	$52.2M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.23	+0.023%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0458%	1h	116.19	−0.017%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.27	+0.057%	$2.1M	$4.8M	20x	as long as short