Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Backpack+0.100%7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 7 days+0.674%+$67 · spread now +0.100%, 7d avg −0.092%
=Together, before fees+0.638%+ Points / potential airdropLighter RH: Points live · farm board+$64 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 0.192% dearer against Backpack than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SOL_USDC_PERP | 118.49 | 0.0100 | pay 0.0013% / 1h | 10m 28s | $24.1M | $38.6M | 50x |
| Short | Lighter RH SOL | 118.61 | 0.0096 | get 0.0012% / 1h | 10m 28s | $2.1M | $17.1M | 25x |
Backpack SOL_USDC_PERP
Lighter RH SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.100% → −0.092%
- $19.22
- Slippage, 4 orders
- −$3.52
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $4.86
- Costs to cover
- 0.135%
- Break-even
- from the start
Slippage from Backpack: live order book, 4 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 Backpack live order book, 4 min ago | 0.42 bp | 6.0 bp −$6 | 6.9 bp −$69 | 8.5 bp −$853 | 2162.5 bp −$1.08M |
| Sell Lighter RH live order book, 3 min ago | 1.05 bp | 1.1 bp −$1 | 1.8 bp −$18 | 19.7 bp −$1,968 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERP | −0.0100% | 1h | 118.40 | −0.078% | $2.0M | $2.8M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.49 | +0.003% | $840 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0076% | 1h | 118.55 | +0.053% | — | $723K | 20x | as long as short |
| dYdX SOL-USD | −0.0021% | 1h | 118.58 | +0.076% | $4.8M | $28.0M | 20x | as long as short |
| ApeX Omni SOLUSDT | −0.0014% | 1h | 118.53 | +0.033% | $1.5M | $6.2M | 50x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 118.61 | +0.100% | $113K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.62 | +0.106% | $1.2M | $20.8M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.62 | +0.109% | $174K | $3.9M | 8.3x | as long as short |
| Gate SOL_USDT | +0.0071% | 8h | 118.55 | +0.051% | $864.9M | $686.8M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0076% | 8h | 118.50 | +0.005% | $1.0M | $5.9M | 100x | as long as short |
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
ApeX Omni SOLUSDT
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Gate SOL_USDT
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0078% | 8h | 118.44 | −0.040% | $230.5M | $45.2M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 118.69 | +0.169% | $104K | $158K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.53 | +0.033% | — | $10.5M | — | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0083% | 1h | 118.53 | +0.034% | $26.6M | $25.8M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.62 | +0.109% | $13.4M | $56.6M | 25x | as long as short |
| Lighter RH SOLshort | +0.0096% | 1h | 118.61 | +0.100% | $2.1M | $17.1M | 25x | |
| Hibachi SOL/USDT-P | +0.0096% | 1h | 118.54 | +0.041% | $120K | $631K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.45 | −0.030% | $351K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 118.50 | +0.008% | $8.1M | $415.7M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.64 | +0.125% | $1.0M | $521K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.62 | +0.110% | $45K | $802K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.55 | +0.046% | $5.7M | $40.9M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.71 | +0.186% | $717.8M | $411.1M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.63 | +0.118% | $178.3M | $177.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.65 | +0.135% | $12.2M | $121.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.65 | +0.133% | $977.8M | $3.83B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.66 | +0.143% | $822.6M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.62 | +0.110% | $369.8M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.58 | +0.076% | $229K | $876K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.68 | +0.158% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.73 | +0.200% | $133.6M | $4.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.59 | +0.084% | $425.3M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.61 | +0.100% | $137.7M | $206.0M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.58 | +0.076% | $491.9M | $459.4M | 100x | as long as short |
| Backpack SOL_USDC_PERPlong | +0.0100% | 1h | 118.49 | long leg | $24.1M | $38.6M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 118.48 | −0.010% | $26.9M | $129.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.54 | +0.044% | $95.2M | $402.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.53 | +0.031% | $48.6M | $31.1M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.52 | +0.025% | $1.3M | $13.6M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.62 | +0.110% | $359K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.58 | +0.078% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.48 | −0.008% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.46 | −0.029% | $192K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.47 | −0.017% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.48 | −0.008% | $46.3M | $102.7M | 50x | as long as short |
| Phoenix SOL | +0.0100% | 1h | 118.69 | +0.169% | $6.6M | $13.7M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.63 | +0.116% | $8.6M | $36.0M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0106% | 1h | 118.49 | 0.000% | $32.5M | $97.2M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0112% | 1h | 118.62 | +0.111% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.61 | +0.102% | — | $226.1M | 500x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0167% / S −0.0070% | 1h | 118.59 | +0.086% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 118.91 | +0.354% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0184% | 1h | 118.57 | +0.071% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.48 | −0.008% | $51.8M | $80.0M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 118.66 | +0.143% | $1.8M | $4.9M | 20x | as long as short |
HTX SOL-USDT
01 Exchange SOLUSD
BingX SOL-USDC
Deribit SOL_USDC-PERPETUAL
Lighter SOL
Hibachi SOL/USDT-P
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Phoenix SOL
Extended SOL-USD
Kraken Futures PF_SOLUSD
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC