Funding you earn now, next payment 09:00 UTC−0.0899%/8h= −98.4% APRpaid last 24h −0.001%
Price spread now: Phemex against Lighter RH+0.050%7-day average −0.003% · 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−$12as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.050%, 7d avg −0.003%
=Together, before fees−0.160%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.053% dearer against Lighter RH than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.003%): +$5 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.050% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SOL | 116.24 | 0.0096 | pay 0.0012% / 1h | 58m 15s | $2.1M | $14.6M | 25x |
| Short | Phemex SOLUSDT | 116.30 | −0.0803 | pay 0.0803% / 8h | 7h 58m | $45.2M | $104.0M | 50x |
Lighter RH SOL
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$188.75
- Price spread: +0.050% → −0.003%
- $5.33
- Slippage, 4 orders
- −$5.04
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$200.45
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; Phemex: live order book, 6 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 | 1.33 bp | 1.3 bp −$1 | 2.1 bp −$21 | 19.0 bp −$1,897 | doesn't fit |
| Sell Phemex live order book, 6 min ago | 0.43 bp | 7.1 bp −$7 | 9.7 bp −$97 | 15.7 bp −$1,572 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex SOLUSDTshort | −0.0803% | 8h | 116.30 | +0.050% | $45.2M | $104.0M | 50x | |
| Bybit SOLUSDT | −0.0110% | 8h | 116.22 | −0.016% | $731.0M | $1.43B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.37 | +0.114% | $1K | $8K | 25x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0057% | 1h | 116.31 | +0.056% | $32.2M | $106.9M | 100x | as long as short |
| Vest SOL-PERP | −0.0020% | 1h | 116.27 | +0.022% | — | $636K | 20x | as long as short |
| Derive SOL-PERP | −0.0008% | 1h | 116.17 | −0.058% | $1.8M | $3.0M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.29 | +0.043% | $42K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 116.33 | +0.079% | $4.3M | $23.5M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.43 | +0.164% | $1.4M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.31 | +0.059% | $99K | $3.4M | 8.3x | as long as short |
Bybit SOLUSDT
Hotstuff SOL-PERP
Kraken Futures PF_SOLUSD
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOLShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOLUSDT | +0.0024% | 8h | 116.23 | −0.006% | $479.8M | $456.6M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0032% | 1h | 116.28 | +0.037% | $102K | $678K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0040% | 1h | 116.29 | +0.040% | $7.8M | $396.8M | 50x | as long as short |
| Aster SOLUSDT | +0.0053% | 8h | 116.25 | +0.006% | $176.7M | $169.2M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0065% | 1h | 116.33 | +0.077% | $26.2M | $21.9M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0070% | 8h | 116.30 | +0.051% | $1.0M | $6.1M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.25 | +0.003% | $13.1M | $55.6M | 25x | as long as short |
| Lighter RH SOLlong | +0.0096% | 1h | 116.24 | long leg | $2.1M | $14.6M | 25x | |
| Aevo SOL-PERP | +0.0096% | 1h | 116.22 | −0.023% | $350K | $256K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0096% | 8h | 116.37 | +0.112% | $1.0M | $554K | 50x | as long as short |
| SoDEX SOL-USD | +0.0099% | 1h | 116.26 | +0.015% | $6.1M | $11.0M | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.31 | +0.061% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.33 | +0.076% | $694.7M | $409.4M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.36 | +0.104% | $15.7M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.25 | +0.007% | $962.1M | $3.86B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.24 | −0.002% | $366.1M | $1.76B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.29 | +0.041% | $217K | $855K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.35 | +0.090% | $919K | $8.5M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.33 | +0.073% | $125.6M | $25.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.26 | +0.015% | $842.0M | $604.0M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.24 | −0.002% | $372.5M | $1.05B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.23 | −0.008% | $129.3M | $236.7M | 75x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.25 | +0.009% | — | $373.6M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.25 | +0.007% | $22.9M | $35.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.15 | −0.080% | $24.8M | $107.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.16 | −0.068% | $93.3M | $405.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.22 | −0.018% | $47.6M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.19 | −0.040% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.29 | +0.041% | $1.3M | $11.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.34 | +0.084% | $318K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.27 | +0.022% | $281K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.28 | +0.035% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.24 | −0.002% | $189K | $1.7M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.22 | −0.017% | $225.1M | $50.8M | 75x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.22 | −0.022% | $8.2M | $36.7M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0112% | 1h | 116.39 | +0.127% | $100K | $181K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.28 | +0.031% | — | $232.3M | 500x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.26 | +0.015% | $6.5M | $13.3M | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0179% | 1h | 116.34 | +0.084% | $4K | $124 | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.25 | +0.007% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.24 | −0.002% | $52.0M | $64.3M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.29 | +0.044% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0424% | 1h | 116.29 | +0.042% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0480% | 1h | 116.39 | +0.131% | $2.1M | $4.7M | 20x | as long as short |
Bitget SOLUSDT
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDC
Lighter SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
SoDEX SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDT
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
Bluefin SOL-PERP
SunX SOL-USDT
HTX SOL-USDT
Extended SOL-USD
01 Exchange SOLUSD
Jupiter Perps SOL-PERP
Phoenix SOL
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC