SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h +0.014%

Price spread now: Lighter RH against Deribit−0.083%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Deribit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.083%, 7d avg −0.014%

Together, before fees+0.234%+ Points / potential airdropLighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.069% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	116.71	0.0031	pay 0.0004% / 1h	43m 12s	$26.4M	$21.9M	50x
Short	Lighter RH SOL	116.62	0.0008	get 0.0001% / 1h	43m 12s	$2.2M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$4.85
Price spread: −0.083% → −0.014%: −$6.9
Slippage, 4 orders: −$6.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25.48
Costs to cover: 0.137%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 1 min ago	0.47 bp	5.7 bp −$6	6.4 bp −$64	22.2 bp −$2,217	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.20 bp	1.2 bp −$1	2.0 bp −$20	19.9 bp −$1,990	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.66	−0.049%	$32.3M	$106.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.75	+0.032%	$96K	$681K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.62	−0.080%	$736.9M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0088%	1h	116.59	−0.107%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.034%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.117%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.67	−0.036%	—	$631K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	−0.020%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.014%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.67	−0.039%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOLshort	+0.0008%	1h	116.62	−0.083%	$2.2M	$16.7M	25x
dYdX SOL-USD	+0.0009%	1h	116.70	−0.014%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0028%	8h	116.64	−0.067%	$481.3M	$457.8M	100x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0031%	1h	116.71	long leg	$26.4M	$21.9M	50x
SoDEX SOL-USD	+0.0034%	1h	116.63	−0.071%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.73	+0.014%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	−0.048%	$8.0M	$401.8M	50x	as long as short
Aster SOLUSDT	+0.0061%	8h	116.62	−0.077%	$177.1M	$168.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	116.65	−0.056%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.70	−0.011%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.64	−0.063%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.63	−0.072%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.67	−0.037%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	−0.016%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.80	+0.074%	$704.2M	$408.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	+0.013%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.63	−0.073%	$965.5M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.63	−0.071%	$368.4M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.054%	$217K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	+0.008%	$901K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.139%	$125.5M	$25.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.69	−0.020%	$850.2M	$659.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.62	−0.080%	$367.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.69	−0.021%	$132.5M	$233.7M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.64	−0.063%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.68	−0.028%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.71	−0.001%	$25.0M	$108.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.010%	$93.7M	$406.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	+0.003%	$47.8M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	−0.008%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.70	−0.011%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.020%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.68	−0.027%	$243K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	−0.028%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	−0.034%	$190K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.64	−0.062%	$225.8M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	−0.054%	$45.4M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	−0.085%	$8.2M	$37.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	+0.001%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.80	+0.074%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.65	−0.053%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.045%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.70	−0.008%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0482%	1h	116.74	+0.019%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.76	+0.038%	$2.1M	$4.8M	20x	as long as short