SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against Lighter−0.003%7-day average +0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.597%−$60 · spread now −0.003%, 7d avg +0.005%

Together, before fees−0.577%+ Points / potential airdropLighter: Season 3 · farm board−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	119.05	0.0096	pay 0.0012% / 1h	56m 39s	$13.5M	$52.7M	25x
Short	Coinbase International SOL-PERP-INTX	119.05	0.0112	get 0.0014% / 1h	56m 39s	$8.1M	$415.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.003%Rate

Funding earned: $3.36
Price spread: −0.003% → +0.005%: −$0.75
Slippage, 4 orders: −$1.61
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.99
Costs to cover: 0.116%
Break-even: 25.7 days

Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 3 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 Lighter live order book, 7 min ago	0.29 bp	1.0 bp −$1	2.4 bp −$24	7.0 bp −$703	21.2 bp −$10.6K
Sell Coinbase International live order book, 3 min ago	0.04 bp	5.3 bp −$5	8.3 bp −$83	15.0 bp −$1,503	170.7 bp −$85.3K

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	118.68	−0.312%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.96	−0.078%	—	$731K	20x	as long as short
Aftermath Perps SOLUSD	−0.0083%	1h	119.03	−0.014%	$24K	$48K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	−0.009%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.92	−0.111%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.02	−0.027%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.13	+0.065%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.95	−0.086%	$191K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	118.95	−0.085%	$104K	$152K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0053%	1h	119.06	+0.011%	$26.7M	$27.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0055%	8h	119.00	−0.039%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0067%	8h	118.94	−0.090%	$231.8M	$43.7M	75x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	119.08	+0.028%	$1.5M	$6.2M	50x	as long as short
Gate SOL_USDT	+0.0081%	8h	119.00	−0.043%	$858.4M	$672.9M	100x	as long as short
KuCoin SOLUSDTM	+0.0085%	8h	119.03	−0.019%	$144.5M	$197.0M	75x	as long as short
Bullet SOL-USD	+0.0091%	1h	118.97	−0.065%	$199K	$1.8M	20x	as long as short
Lighter SOLlong	+0.0096%	1h	119.05	long leg	$13.5M	$52.7M	25x
Lighter RH SOL	+0.0096%	1h	119.03	−0.014%	$2.0M	$16.6M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	118.95	−0.088%	$496.3M	$451.1M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.98	−0.059%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.97	−0.071%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.96	−0.076%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.03	−0.021%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.13	+0.066%	$719.0M	$443.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.06	+0.007%	$179.7M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.07	+0.016%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.03	−0.014%	$977.4M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.05	−0.005%	$823.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.97	−0.068%	$368.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.97	−0.068%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.03	−0.013%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.030%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.01	−0.034%	$471.0M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.96	−0.075%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.09	+0.033%	$24.2M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.33	+0.232%	$27.8M	$126.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.13	+0.065%	$95.7M	$394.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	+0.011%	$48.7M	$33.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.00	−0.043%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.04	−0.009%	$361K	$2.4M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.02	−0.030%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.97	−0.066%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.98	−0.060%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.99	−0.051%	$46.4M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.92	−0.106%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0109%	8h	119.01	−0.034%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0112%	1h	119.05	−0.003%	$8.1M	$415.2M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.96	−0.075%	—	$218.2M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	118.97	−0.065%	$123K	$619K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.083%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.97	−0.064%	$1.6M	$6.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.00	−0.043%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.99	−0.051%	$51.9M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	119.02	−0.022%	$36.1M	$90.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0176%	1h	119.01	−0.035%	$3.5M	—	200x	as long as short