SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.004%

Price spread now: Hyperliquid against Lighter RH+0.160%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Lighter RH Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.150%−$15 · spread now +0.160%, 7d avg +0.032%

Together, before fees−0.159%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.127% dearer against Lighter RH than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	116.58	0.0024	pay 0.0003% / 1h	50m 50s	$2.2M	$16.7M	25x
Short	Hyperliquid SOL	116.77	0.0100	get 0.0013% / 1h	50m 50s	$699.0M	$409.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.160%Rate

Funding earned: $15.96
Price spread: +0.160% → +0.032%: $12.72
Slippage, 4 orders: −$3.77
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $15.92
Costs to cover: 0.128%
Break-even: 0.0 days

Slippage from Lighter RH: live order book, 3 min ago; Hyperliquid: live order book, 13 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, 3 min ago	1.46 bp	1.5 bp −$1	2.0 bp −$20	16.2 bp −$1,622	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	8.9 bp −$887	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
Bybit SOLUSDT	−0.0108%	8h	116.62	+0.031%	$741.1M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	116.56	−0.021%	$98K	$689K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.54	−0.041%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.64	+0.049%	$32.9M	$103.9M	100x	as long as short
Derive SOL-PERP	−0.0048%	1h	116.51	−0.060%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0019%	1h	116.54	−0.038%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.60	+0.014%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	−0.005%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.55	−0.026%	$109K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0009%	1h	116.57	−0.012%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOLlong	+0.0024%	1h	116.58	long leg	$2.2M	$16.7M	25x
01 Exchange SOLUSD	+0.0040%	1h	116.57	−0.012%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.64	+0.044%	$8.0M	$405.4M	50x	as long as short
Bitget SOLUSDT	+0.0053%	8h	116.67	+0.071%	$480.9M	$462.4M	100x	as long as short
SoDEX SOL-USD	+0.0054%	1h	116.60	+0.014%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.57	−0.009%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0093%	8h	116.62	+0.033%	$175.8M	$176.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	+0.008%	$13.1M	$60.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	+0.009%	$351K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.52	−0.058%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.50	−0.072%	$64K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.48	−0.091%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	116.77	+0.160%	$699.0M	$409.3M	20x
Pacifica SOL	+0.0100%	1h	116.54	−0.034%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.66	+0.062%	$969.4M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.66	+0.065%	$371.4M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.098%	$217K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	−0.057%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.029%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.63	+0.039%	$843.3M	$663.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.66	+0.065%	$362.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.64	+0.047%	$129.1M	$232.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.64	+0.046%	—	$373.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.62	+0.031%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.55	−0.033%	$24.8M	$112.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.66	+0.061%	$93.7M	$410.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.098%	$47.7M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.121%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.003%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.56	−0.021%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.61	+0.024%	$236K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	+0.001%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.058%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.58	−0.004%	$225.8M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	+0.014%	$45.4M	$105.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	+0.021%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.55	−0.027%	—	$235.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0126%	1h	116.66	+0.069%	$26.4M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.434%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.75	+0.142%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.55	−0.031%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.60	+0.014%	$52.3M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.61	+0.021%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.58	−0.003%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0500%	1h	116.75	+0.145%	$25K	$56K	20x	as long as short