Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: Lighter RH against SunX−0.033%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.621%+$62 · spread now −0.033%, 7d avg +0.023%

Together, before fees+0.585%+ Points / potential airdropLighter RH: Points live · farm board+$59 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: Lighter RH is 0.056% cheaper against SunX than usual: you would sell low and buy high, −$6 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	SunX SOL-USDT	117.54	0.0100	pay 0.0100% / 8h	7h 00m	$191K	$1.6M	30x
Short	Lighter RH SOL	117.50	0.0096	get 0.0012% / 1h	0m 31s	$2.2M	$15.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.84
Price spread: −0.033% → +0.023%: −$5.63
Slippage, 4 orders: −$39.05
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$53.52
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Lighter RH: live order book, 3 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 SunX live order book, 5 min ago	4.13 bp	22.3 bp −$22	33.9 bp −$339	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.27 bp	2.3 bp −$2	2.8 bp −$28	19.6 bp −$1,963	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.53	−0.008%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.53	−0.003%	$32.5M	$99.0M	100x	as long as short
Bybit SOLUSDT	−0.0051%	8h	117.52	−0.015%	$736.7M	$1.31B	100x	as long as short
Phemex SOLUSDT	−0.0015%	8h	117.54	+0.002%	$45.7M	$101.5M	50x	as long as short
Vest SOL-PERP	−0.0008%	1h	117.55	+0.013%	—	$288K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.57	+0.028%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.57	+0.027%	$1.3M	$17.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.57	+0.031%	$100K	$2.9M	8.3x	as long as short
Bitget SOLUSDT	+0.0025%	8h	117.49	−0.038%	$484.2M	$427.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.55	+0.007%	$8.2M	$386.3M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOLUSDT	+0.0051%	8h	117.52	−0.015%	$178.7M	$164.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0064%	8h	117.52	−0.011%	$999K	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0072%	1h	117.52	−0.017%	$8.2M	$20.7M	20x	as long as short
SoDEX SOL-USD	+0.0080%	1h	117.51	−0.023%	$6.2M	$11.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	117.62	+0.068%	$98K	$652K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0095%	1h	117.59	+0.041%	$26.4M	$20.1M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.52	−0.016%	$13.1M	$57.3M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.50	−0.033%	$2.2M	$15.0M	25x
01 Exchange SOLUSD	+0.0096%	1h	117.58	+0.036%	$102K	$182K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.51	−0.027%	$358K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.49	−0.041%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.54	+0.002%	$44K	$838K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.54	+0.006%	$5.5M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.64	+0.087%	$715.2M	$386.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	+0.015%	$15.9M	$122.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.53	−0.006%	$973.0M	$3.62B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.49	−0.040%	$365.2M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.49	−0.040%	$221K	$809K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.55	+0.010%	$938K	$8.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.51	−0.023%	$856.5M	$635.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.50	−0.032%	$423.2M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.51	−0.026%	$134.1M	$232.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.45	−0.074%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	−0.057%	$23.2M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.40	−0.114%	$25.3M	$101.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.80	+0.220%	$94.6M	$409.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.73	+0.163%	$48.2M	$26.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.75	+0.181%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.65	+0.096%	$1.3M	$10.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.54	+0.002%	$324K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.55	+0.010%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.54	+0.004%	$27K	$34K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	117.54	long leg	$191K	$1.6M	30x
HTX SOL-USDT	+0.0100%	8h	117.52	−0.017%	$227.5M	$46.7M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	+0.093%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.45	−0.072%	$8.4M	$34.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.54	+0.004%	—	$214.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.64	+0.087%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−1.019%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	117.48	−0.049%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.46	−0.066%	$51.9M	$59.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.55	+0.008%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	117.62	+0.074%	$25K	$53K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.58	+0.035%	$2.2M	$4.8M	20x	as long as short