SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Bulk+0.038%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Bulk Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.038%, 7d avg −0.007%

Together, before fees−0.035%+ Points / potential airdropLighter RH: Points live · farm board−$3 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: Lighter RH is 0.045% dearer against Bulk than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	117.46	0.0100	pay 0.0013% / 1h	58m 33s	$134.5M	$14.2M	20x
Short	Lighter RH SOL	117.50	0.0096	get 0.0012% / 1h	58m 33s	$2.1M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bulk. 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 BulkbpFee Lighter RHbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$0.84
Price spread: +0.038% → −0.007%: $4.47
Slippage, 4 orders: −$11.23
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.6
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from Bulk: live order book, 1 min ago; Lighter RH: 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 Bulk live order book, 1 min ago	4.25 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$775	10.4 bp −$5,214
Sell Lighter RH live order book, 5 min ago	1.36 bp	1.4 bp −$1	1.9 bp −$19	20.8 bp −$2,084	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	117.59	+0.119%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.47	+0.012%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.55	+0.078%	$31.5M	$98.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.54	+0.075%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.51	+0.046%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.61	+0.129%	$1.4M	$20.1M	3.1x	as long as short
Derive SOL-PERP	+0.0017%	1h	117.48	+0.021%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.44	−0.013%	$228.2M	$45.4M	75x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	117.52	+0.055%	$100K	$162K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0052%	1h	117.59	+0.114%	$26.4M	$25.4M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.41	−0.035%	$100K	$690K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.58	+0.110%	$8.0M	$403.9M	50x	as long as short
Gate SOL_USDT	+0.0080%	8h	117.52	+0.055%	$849.0M	$640.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.48	+0.018%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.56	+0.086%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.52	+0.054%	$13.1M	$58.9M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	117.50	+0.038%	$2.1M	$16.2M	25x
Aevo SOL-PERP	+0.0096%	1h	117.56	+0.086%	$344K	$225K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.55	+0.082%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.49	+0.029%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.48	+0.025%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.54	+0.076%	$176.4M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.55	+0.076%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.52	+0.055%	$968.9M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.54	+0.072%	$820.5M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.43	−0.022%	$366.4M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.073%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.51	+0.049%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.51	+0.046%	$423.0M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.52	+0.057%	$130.5M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.48	+0.023%	$486.9M	$434.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.55	+0.081%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	−0.001%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	−0.017%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.026%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.44	−0.013%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.41	−0.039%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.53	+0.063%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.53	+0.062%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.53	+0.063%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.54	+0.072%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.55	+0.081%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.57	+0.098%	$45.8M	$100.4M	50x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	117.46	long leg	$134.5M	$14.2M	20x
Phoenix SOL	+0.0101%	1h	117.53	+0.063%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.47	+0.009%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.39	−0.054%	—	$221.7M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.55	+0.084%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0172%	1h	117.65	+0.166%	$717.9M	$395.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.52	+0.056%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	−0.005%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.54	+0.075%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0360%	1h	117.55	+0.081%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	+0.099%	$128K	$3.8M	8.3x	as long as short