SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.025%

Price spread now: Lighter RH against Phoenix−0.198%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$120.121% of the position

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.198%, 7d avg −0.128%

Together, before fees−0.229%+ Points / potential airdropLighter RH: Points live · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.069% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.128%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	116.94	0.0137	pay 0.0017% / 1h	28m 25s	$6.5M	$13.4M	25x
Short	Lighter RH SOL	116.71	0.0096	get 0.0012% / 1h	28m 25s	$2.2M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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 PhoenixbpFee Lighter RHbpOrdersPrice spread, now −0.198%Rate

Funding earned: −$8.57
Price spread: −0.198% → −0.128%: −$6.95
Slippage, 4 orders: −$5.06
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$27.57
Costs to cover: 0.121%
Break-even: never at this rate

Slippage from Phoenix: live order book, 6 min ago; Lighter RH: 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 Phoenix live order book, 6 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	14.5 bp −$1,447	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.42 bp	1.4 bp −$1	1.9 bp −$19	18.9 bp −$1,891	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
Hibachi SOL/USDT-P	−0.0112%	1h	116.88	−0.047%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.67	−0.230%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.88	−0.051%	$914	$8K	25x	as long as short
Derive SOL-PERP	−0.0014%	1h	116.52	−0.360%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	−0.272%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.99	+0.042%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.71	−0.197%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.71	−0.197%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.99	+0.046%	$7.5M	$405.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.98	+0.038%	$31.1M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.64	−0.257%	$26.3M	$25.4M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.61	−0.283%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.70	−0.202%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	116.71	−0.198%	$2.2M	$16.7M	25x
Aevo SOL-PERP	+0.0096%	1h	116.59	−0.298%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.66	−0.239%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.79	−0.133%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.71	−0.192%	$5.4M	$39.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	−0.154%	$704.8M	$396.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.70	−0.207%	$174.9M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	−0.183%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.60	−0.294%	$968.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.55	−0.330%	$783.0M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.59	−0.299%	$369.7M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.248%	$231K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.71	−0.195%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.419%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.67	−0.231%	$842.5M	$660.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.66	−0.239%	$390.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	−0.240%	$127.3M	$218.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.56	−0.324%	$479.1M	$441.4M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.63	−0.265%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.79	−0.128%	$23.1M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.77	−0.141%	$24.4M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.76	−0.157%	$93.7M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.89	−0.047%	$47.8M	$29.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	−0.290%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.92	−0.017%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.68	−0.222%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	−0.239%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.305%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.59	−0.298%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.291%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.92	−0.019%	$227.0M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.94	0.000%	$45.7M	$101.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.63	−0.266%	$8.1M	$37.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.69	−0.217%	—	$231.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.325%	$4K	$2K	12x	as long as short
Phoenix SOLlong	+0.0137%	1h	116.94	long leg	$6.5M	$13.4M	25x
Reya SOLRUSDPERP	+0.0190%	1h	116.67	−0.229%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.97	+0.026%	$51.9M	$71.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0236% / S −0.0180%	1h	116.63	−0.264%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.72	−0.186%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0528%	1h	116.74	−0.170%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.76	−0.155%	$1.9M	$4.9M	20x	as long as short