SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against Coinbase International−0.047%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$110.114% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.047%, 7d avg −0.007%

Together, before fees+0.060%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 5.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	117.78	0.0072	pay 0.0009% / 1h	31m 30s	$8.0M	$410.2M	50x
Short	Lighter SOL	117.73	0.0096	get 0.0012% / 1h	31m 30s	$13.0M	$59.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.047%Rate

Funding earned: $5.04
Price spread: −0.047% → −0.007%: −$3.93
Slippage, 4 orders: −$1.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.32
Costs to cover: 0.114%
Break-even: 21.3 days

Slippage from Coinbase International: live order book, 3 min ago; Lighter: live order book, 7 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 Coinbase International live order book, 3 min ago	0.04 bp	5.0 bp −$5	7.4 bp −$74	16.2 bp −$1,625	doesn't fit
Sell Lighter live order book, 7 min ago	0.38 bp	0.5 bp $0	1.9 bp −$19	6.6 bp −$664	22.0 bp −$11.0K

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	117.75	−0.028%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.70	−0.074%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	117.84	+0.045%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDT	−0.0052%	1h	117.67	−0.101%	$1.5M	$6.1M	50x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.71	−0.060%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.75	−0.031%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.77	−0.013%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.81	+0.019%	$1.4M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.77	−0.017%	$129K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0010%	8h	117.74	−0.035%	$228.9M	$45.5M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.73	−0.049%	$2.0M	$4.6M	20x	as long as short
Gate SOL_USDT	+0.0032%	8h	117.74	−0.038%	$854.2M	$660.1M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	117.82	+0.027%	$26.4M	$25.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.73	−0.045%	$31.5M	$98.7M	100x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0072%	1h	117.78	long leg	$8.0M	$410.2M	50x
BingX SOL-USDT	+0.0080%	8h	117.76	−0.019%	—	$369.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.75	−0.033%	$1.1M	$5.9M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	117.73	−0.047%	$13.0M	$59.7M	25x
Lighter RH SOL	+0.0096%	1h	117.71	−0.065%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.78	−0.004%	$103K	$164K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.80	+0.016%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.76	−0.025%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.68	−0.089%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.75	−0.034%	$5.7M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.86	+0.064%	$719.8M	$402.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.76	−0.025%	$176.9M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.77	−0.013%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.76	−0.023%	$971.6M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.76	−0.018%	$821.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.75	−0.030%	$366.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.57	−0.183%	$238K	$890K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	−0.025%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.197%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.76	−0.021%	$428.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.75	−0.029%	$131.6M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.72	−0.053%	$487.3M	$441.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.75	−0.030%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	−0.109%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	−0.137%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.149%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.81	+0.021%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.74	−0.038%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.77	−0.009%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.81	+0.018%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.78	−0.006%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	−0.013%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	−0.038%	$45.8M	$101.9M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.89	+0.089%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.72	−0.056%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.72	−0.057%	—	$227.2M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.74	−0.035%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.352%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.81	+0.018%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0312%	1h	117.73	−0.046%	$25K	$51K	20x	as long as short