SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h +0.029%

Price spread now: Phoenix against Lighter RH−0.003%105s7-day average +0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as 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−$110.107% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$28 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.003%, 7d avg +0.129%

Together, before fees+0.434%+ Points / potential airdropLighter RH: Points live · farm board+$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.133% cheaper against Lighter RH than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.129%. The two prices were read 105 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 RH SOL	117.89	0.0096	pay 0.0012% / 1h	29m 41s	$2.2M	$16.8M	25x
Short	Phoenix SOL	117.89	0.0101	get 0.0013% / 1h	29m 41s	$6.5M	$13.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.003%Rate

Funding earned: $1.13
Price spread: −0.003% → +0.129%: −$13.26
Slippage, 4 orders: −$3.65
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$22.79
Costs to cover: 0.107%
Break-even: 148.3 days

Slippage from Lighter RH: live order book, 4 min ago; Phoenix: live order book, 5 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, 4 min ago	0.60 bp	0.6 bp −$1	1.9 bp −$19	20.8 bp −$2,079	doesn't fit
Sell Phoenix live order book, 5 min ago	0.85 bp	4.6 bp −$5	5.7 bp −$57	11.6 bp −$1,159	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
Hotstuff SOL-PERP	−0.0080%	1h	117.76	−0.111%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.75	−0.120%	—	$607K	20x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	117.84	−0.048%	$92K	$692K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.78	−0.093%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	−0.122%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.85	−0.037%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	+0.030%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.81	−0.069%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.86	−0.028%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.87	−0.022%	$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	−0.070%	$229.0M	$45.6M	75x	as long as short
Gate SOL_USDT	+0.0034%	8h	117.89	−0.003%	$854.3M	$660.5M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.89	0.000%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.89	+0.001%	$8.0M	$410.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0075%	1h	117.92	+0.022%	$26.4M	$25.5M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.91	+0.014%	—	$370.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.88	−0.008%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.91	+0.014%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	117.89	long leg	$2.2M	$16.8M	25x
01 Exchange SOLUSD	+0.0096%	1h	117.92	+0.022%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.88	−0.015%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.94	+0.038%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	−0.046%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.86	−0.029%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.92	+0.020%	$177.1M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.041%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.90	+0.006%	$972.8M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.90	+0.005%	$821.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.88	−0.012%	$366.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	−0.012%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.90	+0.005%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.289%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.90	+0.005%	$424.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.91	+0.014%	$131.6M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.86	−0.031%	$487.8M	$441.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.91	+0.014%	$23.8M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.150%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.142%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.242%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.81	−0.071%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.83	−0.054%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	−0.049%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.86	−0.028%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.86	−0.031%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.89	−0.003%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.88	−0.012%	$45.9M	$101.7M	50x	as long as short
Phoenix SOLshort	+0.0101%	1h	117.89	−0.003%	$6.5M	$13.5M	25x
Hyperliquid SOL	+0.0103%	1h	118.02	+0.107%	$720.8M	$402.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.85	−0.039%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.72	−0.151%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.82	−0.064%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.260%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.84	−0.046%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0314%	1h	117.75	−0.123%	$25K	$51K	20x	as long as short