SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Bulk+0.059%7-day average −0.003% · 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−$11as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Bulk Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.059%, 7d avg −0.003%

Together, before fees−0.064%+ Points / potential airdropLighter RH: Points live · farm board−$6 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 0.063% dearer against Bulk than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	118.88	0.0100	pay 0.0013% / 1h	48m 11s	$133.2M	$12.7M	20x
Short	Lighter RH SOL	118.95	0.0096	get 0.0012% / 1h	48m 11s	$2.0M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bulk. 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 BulkbpFee Lighter RHbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$0.84
Price spread: +0.059% → −0.003%: $6.27
Slippage, 4 orders: −$10.61
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.18
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Bulk: live order book, 1 min ago; Lighter RH: 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 Bulk live order book, 1 min ago	4.21 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$771	13.7 bp −$6,865
Sell Lighter RH live order book, 6 min ago	1.09 bp	1.1 bp −$1	2.1 bp −$21	25.7 bp −$2,574	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.007%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.89	+0.003%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.091%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.86	−0.019%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	−0.112%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0059%	1h	118.94	+0.050%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.98	+0.079%	$48K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.98	+0.083%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.87	−0.013%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.94	+0.047%	$180K	$4.1M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	119.02	+0.120%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.97	+0.070%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.97	+0.074%	$105K	$152K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.91	+0.024%	$231.7M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.95	+0.058%	$858.9M	$675.7M	100x	as long as short
KuCoin SOLUSDTM	+0.0092%	8h	118.97	+0.075%	$144.3M	$197.6M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.96	+0.067%	$13.5M	$53.0M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	118.95	+0.059%	$2.0M	$16.6M	25x
Aevo SOL-PERP	+0.0096%	1h	118.99	+0.094%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.93	+0.042%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.95	+0.058%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.98	+0.083%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.05	+0.142%	$718.0M	$424.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.94	+0.049%	$179.4M	$174.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.98	+0.086%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.96	+0.066%	$972.5M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.99	+0.088%	$822.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.95	+0.058%	$368.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.69	−0.161%	$233K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.01	+0.105%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	118.88	long leg	$133.2M	$12.7M	20x
MEXC SOL_USDT	+0.0100%	8h	118.96	+0.066%	$467.6M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.95	+0.058%	$496.4M	$449.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.94	+0.053%	—	$372.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.76	−0.102%	$24.2M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.022%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.023%	$95.5M	$396.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.87	−0.011%	$48.7M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.069%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.95	+0.058%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.93	+0.042%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	+0.072%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.93	+0.037%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.96	+0.066%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.92	+0.032%	$46.4M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.94	+0.053%	$8.6M	$37.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.81	−0.064%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.98	+0.081%	—	$218.8M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.01	+0.111%	$8.1M	$414.3M	50x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.100%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.98	+0.083%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.94	+0.053%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.72	−0.136%	$51.6M	$89.3M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.98	+0.085%	$36.1M	$90.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.97	+0.072%	$3.5M	—	200x	as long as short