SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Coinbase International−0.026%7-day average −0.002% · you buy dearer than you sell

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

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

costs, in and out, $10k−$110.115% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.026%, 7d avg −0.002%

Together, before fees+0.056%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.024% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of −0.002%). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.90	0.0048	pay 0.0006% / 1h	57m 35s	$8.0M	$407.0M	50x
Short	Lighter SOL	116.87	0.0096	get 0.0012% / 1h	57m 35s	$13.1M	$60.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.08
Price spread: −0.026% → −0.002%: −$2.41
Slippage, 4 orders: −$1.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.82
Costs to cover: 0.115%
Break-even: 9.7 days

Slippage from Coinbase International: live order book, 2 min ago; Lighter: 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 Coinbase International live order book, 2 min ago	0.04 bp	5.4 bp −$5	8.6 bp −$86	14.6 bp −$1,457	doesn't fit
Sell Lighter live order book, 6 min ago	0.04 bp	1.0 bp −$1	1.8 bp −$18	5.1 bp −$510	18.3 bp −$9,139

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	−0.0105%	8h	116.80	−0.082%	$739.5M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.032%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.86	−0.031%	$100K	$681K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.85	−0.037%	$33.0M	$104.0M	100x	as long as short
Vest SOL-PERP	−0.0028%	1h	116.89	−0.003%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.80	−0.082%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.90	+0.003%	$42K	—	150x	as long as short
Lighter RH SOL	0.0000%	1h	116.83	−0.056%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	0.0000%	1h	116.89	−0.008%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.01	+0.098%	$1.5M	$19.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	116.94	+0.042%	$110K	$3.6M	8.3x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.86	−0.031%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	116.90	long leg	$8.0M	$407.0M	50x
Bitget SOLUSDT	+0.0057%	8h	116.78	−0.100%	$481.4M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.85	−0.039%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.86	−0.030%	$1.0M	$6.0M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	116.87	−0.026%	$13.1M	$60.2M	25x
Aevo SOL-PERP	+0.0096%	1h	116.89	−0.006%	$352K	$247K	20x	as long as short
Aster SOLUSDT	+0.0098%	8h	116.80	−0.082%	$176.1M	$176.5M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.86	−0.028%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.79	−0.091%	$64K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.84	−0.045%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.99	+0.080%	$701.3M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.90	+0.003%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.83	−0.056%	$970.5M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.83	−0.056%	$371.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.83	−0.056%	$219K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.83	−0.057%	$907K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.130%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.86	−0.031%	$848.1M	$661.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.86	−0.031%	$367.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.84	−0.044%	$129.0M	$232.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.83	−0.059%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.84	−0.048%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	−0.028%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.81	−0.076%	$93.8M	$409.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	+0.014%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	+0.046%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.080%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.94	+0.038%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.92	+0.017%	$236K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.90	+0.001%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.00	+0.086%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.85	−0.044%	$226.3M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.86	−0.031%	$45.4M	$105.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	116.93	+0.027%	$26.5M	$22.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.76	−0.114%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.87	−0.021%	—	$238.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.166%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.01	+0.098%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.88	−0.012%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	−0.065%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.91	+0.012%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.90	+0.001%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.97	+0.060%	$25K	$56K	20x	as long as short