SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.018%

Price spread now: Deribit against Lighter RH+0.025%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$120.119% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.025%, 7d avg +0.012%

Together, before fees−0.205%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	115.77	0.0096	pay 0.0012% / 1h	23m 11s	$2.2M	$16.9M	25x
Short	Deribit SOL_USDC-PERPETUAL	115.80	0.0071	get 0.0009% / 1h	23m 11s	$26.2M	$22.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter RH. 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 Lighter RHbpFee DeribitbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$5.18
Price spread: +0.025% → +0.012%: $1.24
Slippage, 4 orders: −$4.95
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$15.88
Costs to cover: 0.119%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; Deribit: live order book, 1 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 RH live order book, 6 min ago	1.08 bp	1.1 bp −$1	1.6 bp −$16	16.1 bp −$1,612	doesn't fit
Sell Deribit live order book, 1 min ago	0.09 bp	5.0 bp −$5	5.6 bp −$56	12.4 bp −$1,244	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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.76	−0.007%	$31.6M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	115.78	+0.010%	$104K	$693K	20x	as long as short
BingX SOL-USDC	−0.0116%	8h	115.74	−0.024%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0111%	8h	115.77	0.000%	$739.8M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.25	+0.415%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.67	−0.082%	$1.9M	$2.9M	13x	as long as short
Vest SOL-PERP	−0.0072%	1h	115.72	−0.041%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.73	−0.035%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.78	+0.008%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.72	−0.041%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0011%	1h	115.78	+0.006%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	115.74	−0.026%	$98K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.79	+0.018%	$7.7M	$402.9M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	115.78	+0.011%	$477.2M	$457.1M	100x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0071%	1h	115.80	+0.025%	$26.2M	$22.0M	50x
Orderly PERP_SOL_USDC	+0.0096%	8h	115.77	0.000%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.77	0.000%	$12.9M	$61.1M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	115.77	long leg	$2.2M	$16.9M	25x
Aevo SOL-PERP	+0.0096%	1h	115.74	−0.025%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.68	−0.078%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.80	+0.022%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.75	−0.013%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.88	+0.095%	$685.1M	$400.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	115.79	+0.014%	$174.2M	$179.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	115.79	+0.019%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.85	+0.069%	$965.5M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.81	+0.035%	$361.1M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.77	0.000%	$215K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.74	−0.029%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.061%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.77	0.000%	$840.0M	$669.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.80	+0.026%	$357.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.73	−0.030%	$125.0M	$230.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.81	+0.035%	$22.8M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.53	−0.211%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.59	−0.156%	$92.8M	$406.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.67	−0.086%	$47.3M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.61	−0.138%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.81	+0.035%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.69	−0.069%	$318K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	115.71	−0.054%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.74	−0.028%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.76	−0.012%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.76	−0.009%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.70	−0.059%	$224.1M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.79	+0.017%	$45.1M	$104.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.70	−0.062%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.71	−0.049%	—	$240.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.095%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.69	−0.069%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.68	−0.080%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.79	+0.017%	$51.6M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.71	−0.056%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.76	−0.007%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0576%	1h	115.77	−0.003%	$25K	$53K	20x	as long as short