SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0141%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.033%

Price spread now: Lighter against GMX−0.036%7-day average −0.027% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.036%, 7d avg −0.027%

Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	118.97	L +0.0237% / S −0.0173%	pay 0.0030% / 1h	47m 42s	$3.5M	—	200x
Short	Lighter SOL	118.92	0.0096	get 0.0012% / 1h	47m 42s	$13.4M	$53.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$29.53
Price spread: −0.036% → −0.027%: −$0.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.4
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	0.55 bp	1.1 bp −$1	2.6 bp −$26	8.9 bp −$891	25.4 bp −$12.7K

GMX: 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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.064%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.89	−0.068%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.163%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.86	−0.090%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	−0.184%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0059%	1h	118.94	−0.022%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.98	+0.008%	$48K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.98	+0.011%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.87	−0.085%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.94	−0.024%	$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	+0.048%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.97	−0.001%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.90	−0.056%	$105K	$152K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.91	−0.047%	$231.7M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.89	−0.064%	$858.5M	$676.0M	100x	as long as short
KuCoin SOLUSDTM	+0.0092%	8h	118.94	−0.022%	$144.2M	$197.6M	75x	as long as short
Lighter SOLshort	+0.0096%	1h	118.92	−0.036%	$13.4M	$53.0M	25x
Lighter RH SOL	+0.0096%	1h	118.93	−0.031%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.99	+0.022%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.89	−0.067%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.95	−0.014%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.98	+0.011%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.03	+0.053%	$717.8M	$424.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.92	−0.042%	$179.4M	$173.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.96	−0.006%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.95	−0.018%	$972.3M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.92	−0.036%	$822.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.88	−0.073%	$368.8M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	−0.039%	$233K	$865K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.95	−0.011%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	−0.071%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.92	−0.039%	$467.5M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.90	−0.059%	$496.2M	$448.9M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.89	−0.064%	—	$372.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.98	+0.011%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.093%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	−0.048%	$95.5M	$396.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.87	−0.082%	$48.7M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.140%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.95	−0.014%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.93	−0.029%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	0.000%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.93	−0.034%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.96	−0.006%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.92	−0.039%	$46.4M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.89	−0.066%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.81	−0.135%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.98	+0.009%	—	$218.8M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.01	+0.040%	$8.1M	$414.3M	50x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.028%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.95	−0.011%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.94	−0.018%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.72	−0.207%	$51.6M	$89.3M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.98	+0.013%	$36.1M	$90.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0237% / S −0.0173%	1h	118.97	long leg	$3.5M	—	200x