SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.065%

Price spread now: Lighter against Hibachi+0.139%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Hibachi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.600%−$60 · spread now +0.139%, 7d avg −0.032%

Together, before fees−0.558%+ Points / potential airdropHibachi: Active · Lighter: Season 3 · farm board−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.171% dearer against Hibachi than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	119.19	0.0056	pay 0.0007% / 1h	26m 53s	$122K	$600K	20x
Short	Lighter SOL	119.36	0.0096	get 0.0012% / 1h	26m 53s	$13.6M	$54.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hibachi. 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 HibachibpFee LighterbpOrdersPrice spread, now +0.139%Rate

Funding earned: $8.4
Price spread: +0.139% → −0.032%: $17.11
Slippage, 4 orders: −$4.76
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.75
Costs to cover: 0.138%
Break-even: from the start

Slippage from Hibachi: live order book, 62 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 Hibachi live order book, 62 min ago	0.76 bp	6.3 bp −$6	19.6 bp −$196	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.63 bp	0.9 bp −$1	1.8 bp −$18	6.7 bp −$670	20.0 bp −$9,984

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	119.15	−0.038%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	+0.064%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	119.22	+0.018%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0054%	1h	119.28	+0.068%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.33	+0.112%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	+0.090%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.27	+0.063%	$180K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.32	+0.101%	$4.9M	$26.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0009%	1h	119.10	−0.077%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	119.43	+0.195%	$26.8M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-Plong	+0.0056%	1h	119.19	long leg	$122K	$600K	20x
Orderly PERP_SOL_USDC	+0.0060%	8h	119.37	+0.150%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0061%	8h	119.22	+0.023%	$232.3M	$43.7M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.32	+0.105%	$104K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	119.04	−0.130%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.37	+0.149%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0085%	8h	119.35	+0.130%	$871.5M	$682.4M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	119.36	+0.139%	$13.6M	$54.2M	25x
Lighter RH SOL	+0.0096%	1h	119.35	+0.129%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.35	+0.129%	$355K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.27	+0.060%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.28	+0.072%	$45K	$783K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	+0.076%	$6.4M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.48	+0.239%	$720.6M	$415.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.39	+0.162%	$180.0M	$174.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	+0.095%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.40	+0.172%	$976.1M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.43	+0.199%	$827.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.37	+0.147%	$371.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.18	−0.012%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.34	+0.122%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.37	+0.147%	$473.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.36	+0.140%	$143.0M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.41	+0.178%	$498.8M	$449.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.40	+0.172%	$24.5M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.105%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.01	−0.152%	$95.6M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	−0.109%	$48.7M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.14	−0.046%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.29	+0.080%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.31	+0.098%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.35	+0.132%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	+0.049%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.36	+0.139%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	+0.113%	$46.7M	$100.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.179%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.35	+0.132%	$8.7M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.41	+0.183%	$8.1M	$415.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.31	+0.093%	—	$217.3M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.04	−0.130%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.32	+0.106%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.28	+0.072%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.113%	$51.7M	$86.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.39	+0.161%	$36.1M	$89.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.33	+0.113%	$3.5M	—	200x	as long as short