Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.037%
Price spread now: Lighter against Derive+0.027%185s7-day average +0.052% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.027%, 7d avg +0.052%
=Together, before fees+0.033%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.024% cheaper against Derive than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.052%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.014% in total) that is about 12 days. The two prices were read 185 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 116.08 | −0.0026 | get 0.0003% / 1h | 14m 50s | $1.8M | $3.0M | 13x |
| Short | Lighter SOL | 116.11 | 0.0096 | get 0.0012% / 1h | 14m 50s | $13.1M | $60.9M | 25x |
Derive SOL-PERP
Lighter SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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
- $25.69
- Price spread: +0.027% → +0.052%
- −$2.44
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $17.25
- Costs to cover
- 0.060%
- Break-even
- 2.3 days
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 9 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 9 min ago | 0.04 bp | 0.9 bp −$1 | 1.9 bp −$19 | 4.8 bp −$475 | 17.3 bp −$8,630 |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 116.13 | +0.049% | $32.2M | $106.9M | 100x | as long as short |
| Bybit SOLUSDT | −0.0098% | 8h | 116.12 | +0.039% | $733.0M | $1.43B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.27 | +0.171% | $1K | $8K | 25x | as long as short |
| Hibachi SOL/USDT-P | −0.0064% | 1h | 116.18 | +0.087% | $101K | $676K | 20x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.36 | +0.245% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0038% | 1h | 116.10 | +0.023% | — | $649K | 20x | as long as short |
| Derive SOL-PERPlong | −0.0026% | 1h | 116.08 | long leg | $1.8M | $3.0M | 13x | |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.14 | +0.056% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.16 | +0.077% | $1.4M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.12 | +0.035% | $99K | $3.5M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Bybit SOLUSDT
Hotstuff SOL-PERP
Hibachi SOL/USDT-P
Injective SOL/USDC PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0005% | 1h | 116.17 | +0.079% | $4.3M | $23.5M | 20x | as long as short |
| Bitget SOLUSDT | +0.0023% | 8h | 116.12 | +0.038% | $479.1M | $456.2M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.14 | +0.056% | $7.8M | $398.2M | 50x | as long as short |
| Aster SOLUSDT | +0.0051% | 8h | 116.12 | +0.037% | $176.9M | $168.9M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0071% | 8h | 116.13 | +0.047% | $1.0M | $6.1M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 116.18 | +0.090% | $100K | $182K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0081% | 1h | 116.18 | +0.086% | $26.3M | $21.7M | 50x | as long as short |
| Lighter RH SOL | +0.0088% | 1h | 116.08 | +0.006% | $2.2M | $16.8M | 25x | as long as short |
| SoDEX SOL-USD | +0.0090% | 1h | 116.11 | +0.030% | $6.1M | $11.0M | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0095% | 8h | 116.14 | +0.056% | $1.0M | $554K | 50x | as long as short |
| Lighter SOLshort | +0.0096% | 1h | 116.11 | +0.027% | $13.1M | $60.9M | 25x | |
| Aevo SOL-PERP | +0.0096% | 1h | 116.11 | +0.033% | $350K | $256K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.11 | +0.030% | $64K | $912K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.13 | +0.047% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.21 | +0.116% | $695.4M | $408.7M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.16 | +0.077% | $15.6M | $130.4M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.12 | +0.041% | $960.2M | $3.87B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.13 | +0.047% | $365.7M | $1.76B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.15 | +0.064% | $223K | $845K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.15 | +0.068% | $923K | $8.5M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.21 | +0.115% | $125.5M | $25.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.14 | +0.056% | $843.7M | $669.2M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.13 | +0.047% | $370.6M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.12 | +0.038% | $129.1M | $236.2M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.09 | +0.010% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.11 | +0.030% | $22.8M | $35.7M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.09 | +0.010% | $24.8M | $107.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.13 | +0.045% | $93.3M | $406.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.23 | +0.131% | $47.6M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.24 | +0.145% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.12 | +0.039% | $1.3M | $11.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.10 | +0.021% | $314K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.13 | +0.045% | $281K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.12 | +0.039% | $26K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.11 | +0.033% | $189K | $1.7M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.10 | +0.025% | $224.8M | $50.8M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.12 | +0.039% | $45.1M | $104.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.09 | +0.014% | $8.2M | $36.9M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.13 | +0.043% | — | $236.1M | 500x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.21 | +0.116% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.08 | 0.000% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.11 | +0.030% | $51.9M | $65.4M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.12 | +0.042% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0452% | 1h | 116.17 | +0.078% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.21 | +0.112% | $2.1M | $4.8M | 20x | as long as short |
dYdX SOL-USD
Bitget SOLUSDT
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
Deribit SOL_USDC-PERPETUAL
Lighter RH SOL
SoDEX SOL-USD
Paradex SOL-USD-PERP
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC