SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.020%

Price spread now: Lighter against Deribit−0.037%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.037%, 7d avg −0.010%

Together, before fees+0.184%+ Points / potential airdropLighter: Season 3 · farm board+$18 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 is 0.027% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	118.88	0.0101	pay 0.0013% / 1h	41m 58s	$26.6M	$24.8M	50x
Short	Lighter SOL	118.83	0.0096	get 0.0012% / 1h	41m 58s	$14.0M	$55.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$1.03
Price spread: −0.037% → −0.010%: −$2.69
Slippage, 4 orders: −$4.69
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.42
Costs to cover: 0.117%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 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 Deribit live order book, 2 min ago	0.04 bp	4.4 bp −$4	4.9 bp −$49	15.5 bp −$1,546	doesn't fit
Sell Lighter live order book, 7 min ago	0.17 bp	1.4 bp −$1	2.2 bp −$22	6.5 bp −$647	20.0 bp −$9,976

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
Hotstuff SOL-PERP	−0.0080%	1h	118.83	−0.037%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.77	−0.091%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.76	−0.100%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.84	−0.033%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.87	−0.006%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	−0.024%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.84	−0.033%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	−0.010%	$154K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0004%	8h	118.72	−0.128%	$231.1M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0009%	8h	118.82	−0.048%	$46.5M	$100.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	118.86	−0.014%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.84	−0.030%	$121K	$632K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.86	−0.018%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.216%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.85	−0.019%	—	$368.0M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.84	−0.030%	$8.1M	$413.2M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	118.81	−0.056%	$858.7M	$662.0M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	118.83	−0.037%	$14.0M	$55.6M	25x
Lighter RH SOL	+0.0096%	1h	118.82	−0.048%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	−0.028%	$348K	$271K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.83	−0.036%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	−0.056%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.82	−0.044%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.83	−0.039%	$178.6M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.85	−0.019%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.79	−0.073%	$979.0M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.81	−0.056%	$822.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	−0.098%	$370.8M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.081%	$232K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	−0.004%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.274%	$133.5M	$4.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.76	−0.098%	$426.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.80	−0.062%	$137.9M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	−0.104%	$492.9M	$446.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	−0.023%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.227%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.259%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.170%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.174%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	−0.039%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	−0.040%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	−0.042%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	−0.064%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.81	−0.056%	$6.2M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0101%	1h	118.88	long leg	$26.6M	$24.8M	50x
Hyperliquid SOL	+0.0101%	1h	118.96	+0.070%	$720.5M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	−0.118%	$8.7M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.68	−0.166%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	−0.017%	—	$221.9M	500x	as long as short
Aftermath Perps SOLUSD	+0.0153%	1h	118.72	−0.131%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.85	−0.019%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0084%	1h	118.84	−0.031%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.182%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.81	−0.053%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.80	−0.065%	$52.0M	$78.7M	125x	as long as short