Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Kraken Futures+0.048%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now +0.048%, 7d avg +0.008%
=Together, before fees−0.009%+ Points / potential airdropLighter RH: Points live · farm board−$1 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 RH is 0.041% dearer against Kraken Futures than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOLUSD | 119.53 | 0.0105 | pay 0.0013% / 1h | 49m 48s | $32.6M | $96.9M | 100x |
| Short | Lighter RH SOL | 119.59 | 0.0096 | get 0.0012% / 1h | 49m 48s | $2.2M | $16.9M | 25x |
Kraken Futures PF_SOLUSD
Lighter RH SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kraken Futures. 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
- −$1.82
- Price spread: +0.048% → +0.008%
- $4.09
- Slippage, 4 orders
- −$7.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$15.1
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Lighter RH: live order book, 4 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 Kraken Futures live order book, 4 min ago | 0.42 bp | 6.9 bp −$7 | 9.4 bp −$94 | 15.9 bp −$1,587 | 30.9 bp −$15.4K |
| Sell Lighter RH live order book, 4 min ago | 1.67 bp | 1.7 bp −$2 | 4.1 bp −$41 | 35.4 bp −$3,538 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.64 | +0.095% | $848 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0065% | 1h | 119.55 | +0.020% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0052% | 1h | 119.45 | −0.066% | $2.0M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.55 | +0.015% | $113K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.64 | +0.092% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.64 | +0.090% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.58 | +0.042% | $177K | $4.0M | 8.3x | as long as short |
| ApeX Omni SOLUSDT | +0.0045% | 1h | 119.83 | +0.251% | $1.5M | $6.2M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0045% | 1h | 119.58 | +0.042% | $26.7M | $26.0M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 119.60 | +0.059% | $104K | $157K | 20x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
ApeX Omni SOLUSDT
Deribit SOL_USDC-PERPETUAL
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0071% | 8h | 119.53 | +0.003% | $1.1M | $5.9M | 100x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.60 | +0.060% | — | $371.9M | — | as long as short |
| Gate SOL_USDT | +0.0089% | 8h | 119.54 | +0.008% | $871.4M | $674.3M | 100x | as long as short |
| HTX SOL-USDT | +0.0089% | 8h | 119.54 | +0.011% | $232.7M | $45.0M | 75x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.56 | +0.021% | $13.7M | $55.4M | 25x | as long as short |
| Lighter RH SOLshort | +0.0096% | 1h | 119.59 | +0.048% | $2.2M | $16.9M | 25x | |
| Aevo SOL-PERP | +0.0096% | 1h | 119.51 | −0.015% | $354K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 119.56 | +0.022% | $8.3M | $418.4M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 119.62 | +0.077% | $1.1M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.59 | +0.050% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.63 | +0.088% | $6.1M | $41.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.71 | +0.151% | $725.5M | $410.7M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.58 | +0.042% | $179.0M | $175.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.67 | +0.114% | $12.4M | $119.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.59 | +0.050% | $986.9M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.62 | +0.074% | $831.8M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.58 | +0.042% | $373.2M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.66 | +0.109% | $234K | $875K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.63 | +0.081% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.65 | +0.100% | $134.3M | $6.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.59 | +0.050% | $457.0M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.61 | +0.063% | $139.6M | $203.7M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.60 | +0.058% | $498.1M | $456.1M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.54 | +0.008% | $24.2M | $37.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.65 | +0.100% | $27.4M | $128.7M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.65 | +0.101% | $96.1M | $401.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.76 | +0.192% | $49.0M | $31.2M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.64 | +0.092% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.57 | +0.033% | $371K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.53 | +0.001% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.55 | +0.020% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.56 | +0.028% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.52 | −0.008% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.51 | −0.017% | $46.7M | $102.6M | 50x | as long as short |
| Phoenix SOL | +0.0100% | 1h | 119.88 | +0.293% | $6.6M | $13.7M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.54 | +0.007% | $8.7M | $35.9M | 50x | as long as short |
| Hibachi SOL/USDT-P | +0.0104% | 1h | 119.69 | +0.138% | $122K | $639K | 20x | as long as short |
| Kraken Futures PF_SOLUSDlong | +0.0105% | 1h | 119.53 | long leg | $32.6M | $96.9M | 100x | |
| Aftermath Perps SOLUSD | +0.0105% | 1h | 119.61 | +0.066% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.56 | +0.023% | — | $224.6M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 119.02 | −0.427% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0183% | 1h | 119.55 | +0.019% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.64 | +0.092% | $52.0M | $84.5M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 119.61 | +0.070% | $1.7M | $5.2M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0241% / S −0.0181% | 1h | 119.54 | +0.012% | $3.8M | — | 200x | as long as short |
Orderly PERP_SOL_USDC
BingX SOL-USDT
Gate SOL_USDT
HTX SOL-USDT
Lighter SOL
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Phoenix SOL
Extended SOL-USD
Hibachi SOL/USDT-P
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]