SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.041%

Price spread now: dYdX against Lighter−0.170%58s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.233% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.170%, 7d avg −0.015%

Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.154% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	117.91	0.0096	pay 0.0012% / 1h	29m 43s	$13.1M	$59.7M	25x
Short	dYdX SOL-USD	117.71	0	get 0.0000% / 1h	29m 43s	$4.5M	$24.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$20.16
Price spread: −0.170% → −0.015%: −$15.44
Slippage, 4 orders: −$13.29
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$58.89
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; dYdX: 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 Lighter live order book, 4 min ago	0.17 bp	1.2 bp −$1	2.6 bp −$26	8.1 bp −$811	26.2 bp −$13.1K
Sell dYdX live order book, 4 min ago	4.25 bp	9.2 bp −$9	13.5 bp −$135	16.3 bp −$1,627	29.7 bp −$14.8K

SOL on 54 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	117.76	−0.125%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.75	−0.134%	—	$607K	20x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	117.84	−0.061%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDT	−0.0052%	1h	117.67	−0.207%	$1.5M	$6.1M	50x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.78	−0.107%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.85	−0.051%	$53K	—	150x	as long as short
dYdX SOL-USDshort	0.0000%	1h	117.71	−0.170%	$4.5M	$24.3M	20x
Kalshi KXSOLPERP	0.0000%	8h	117.81	−0.082%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.86	−0.042%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.82	−0.079%	$2.0M	$4.6M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0020%	8h	117.81	−0.084%	$229.0M	$45.6M	75x	as long as short
Gate SOL_USDT	+0.0033%	8h	117.91	0.000%	$854.4M	$660.5M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.89	−0.014%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.89	−0.013%	$8.0M	$410.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0075%	1h	117.92	+0.009%	$26.4M	$25.5M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.92	+0.005%	—	$369.9M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.88	−0.022%	$1.1M	$5.9M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	117.91	long leg	$13.1M	$59.7M	25x
Lighter RH SOL	+0.0096%	1h	117.89	−0.014%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.90	−0.008%	$103K	$164K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.88	−0.029%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.76	−0.129%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.78	−0.110%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.86	−0.042%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.93	+0.017%	$177.1M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.78	−0.112%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.93	+0.018%	$973.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.94	+0.025%	$822.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.93	+0.017%	$366.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.57	−0.288%	$238K	$890K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.84	−0.063%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.303%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.91	0.000%	$423.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.91	−0.001%	$131.8M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.89	−0.013%	$488.0M	$441.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.91	0.000%	$23.8M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.164%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	−0.243%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.255%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.81	−0.085%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.83	−0.068%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	−0.063%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.86	−0.042%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.86	−0.045%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.89	−0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.88	−0.025%	$45.9M	$101.7M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.89	−0.017%	$6.5M	$13.5M	25x	as long as short
Hyperliquid SOL	+0.0103%	1h	118.02	+0.093%	$720.8M	$402.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.88	−0.023%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.72	−0.164%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.82	−0.078%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.246%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.84	−0.060%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0314%	1h	117.75	−0.137%	$25K	$51K	20x	as long as short