Funding you earn now, next payment 01:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.038%
Price spread now: Derive against Lighter−0.043%7-day average −0.046% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.043%, 7d avg −0.046%
=Together, before fees−0.015%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$5 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 | 119.01 | 0.0096 | pay 0.0012% / 1h | 20m 20s | $14.2M | $56.1M | 25x |
| Short | Derive SOL-PERP | 118.96 | −0.0062 | pay 0.0008% / 1h | 20m 20s | $2.0M | $2.7M | 13x |
Lighter SOL
Derive SOL-PERPFunding history
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Range statsloading…
Price spread between the two exchanges
Derive against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.09
- Price spread: −0.043% → −0.046%
- $0.26
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$38.82
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Derive: no order-book sample. 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 Lighter live order book, 4 min ago | 0.21 bp | 1.7 bp −$2 | 2.6 bp −$26 | 8.2 bp −$820 | 24.5 bp −$12.3K |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.92 | −0.078% | $930 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0077% | 1h | 118.90 | −0.096% | — | $608K | 20x | as long as short |
| Derive SOL-PERPshort | −0.0062% | 1h | 118.96 | −0.043% | $2.0M | $2.7M | 13x | |
| dYdX SOL-USD | −0.0022% | 1h | 118.98 | −0.025% | $5.0M | $25.7M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 119.05 | +0.034% | $32.4M | $97.3M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.01 | +0.001% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.95 | −0.050% | $1.2M | $20.1M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.97 | −0.030% | $154K | $3.8M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0016% | 1h | 118.97 | −0.034% | $100K | $657K | 20x | as long as short |
| HTX SOL-USDT | +0.0022% | 8h | 118.89 | −0.096% | $231.3M | $44.0M | 75x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
Kraken Futures PF_SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Hibachi SOL/USDT-P
HTX SOL-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0032% | 1h | 118.97 | −0.033% | $104K | $160K | 20x | as long as short |
| Bluefin SOL-PERP | +0.0036% | 1h | 119.03 | +0.017% | $37K | $17K | 25x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.00 | −0.008% | — | $366.5M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0082% | 8h | 119.06 | +0.039% | $1.0M | $5.9M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 119.05 | +0.036% | $8.1M | $409.9M | 50x | as long as short |
| Lighter SOLlong | +0.0096% | 1h | 119.01 | long leg | $14.2M | $56.1M | 25x | |
| Lighter RH SOL | +0.0096% | 1h | 118.93 | −0.066% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.00 | −0.007% | $349K | $251K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0096% | 1h | 119.08 | +0.060% | $26.7M | $24.8M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.86 | −0.126% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.93 | −0.066% | $47K | $786K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.88 | −0.112% | $5.9M | $40.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.07 | +0.051% | $724.8M | $396.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.97 | −0.032% | $179.6M | $177.1M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.92 | −0.074% | $12.2M | $124.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.01 | +0.001% | $980.2M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.05 | +0.034% | $824.5M | $1.25B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.04 | +0.026% | $370.7M | $1.69B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.86 | −0.125% | $233K | $830K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.92 | −0.071% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.07 | +0.052% | $136.4M | $9.7M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 118.99 | −0.016% | $855.3M | $668.7M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.98 | −0.024% | $429.5M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.96 | −0.039% | $138.6M | $203.0M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.02 | +0.012% | $494.1M | $439.6M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.93 | −0.066% | $24.1M | $37.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.93 | −0.070% | $25.0M | $130.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.00 | −0.004% | $95.6M | $403.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.15 | +0.118% | $48.8M | $29.2M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.04 | +0.026% | $1.5M | $6.1M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.91 | −0.083% | $1.4M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.96 | −0.041% | $355K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.00 | −0.010% | $204K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.94 | −0.057% | $193K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.02 | +0.009% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.02 | +0.009% | $46.7M | $99.7M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.99 | −0.018% | $8.6M | $34.9M | 50x | as long as short |
| Phoenix SOL | +0.0114% | 1h | 119.17 | +0.135% | $6.6M | $13.6M | 25x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.93 | −0.064% | — | $219.5M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.92 | −0.071% | $1.8M | $4.5M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0165% / S −0.0081% | 1h | 119.01 | −0.003% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 119.01 | +0.001% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0186% | 1h | 118.94 | −0.059% | $1.1M | $524K | 25x | as long as short |
| Aftermath Perps SOLUSD | +0.0190% | 1h | 119.04 | +0.024% | $25K | $50K | 20x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.91 | −0.083% | $51.8M | $76.1M | 125x | as long as short |
01 Exchange SOLUSD
Bluefin SOL-PERP
BingX SOL-USDT
Orderly PERP_SOL_USDC
Coinbase International SOL-PERP-INTX
Lighter RH SOL
Aevo SOL-PERP
Deribit SOL_USDC-PERPETUAL
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
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
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
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Phoenix SOL
Jupiter Perps SOL-PERP
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
Aftermath Perps SOLUSD
BloFin SOL-USDT