SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h +0.021%

Price spread now: Lighter against Deribit+0.020%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$110.107% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.020%, 7d avg −0.010%

Together, before fees+0.125%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.030% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	118.02	0.0038	pay 0.0005% / 1h	46m 21s	$26.4M	$25.4M	50x
Short	Lighter SOL	118.05	0.0096	get 0.0012% / 1h	46m 21s	$13.5M	$58.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.020%Rate

Funding earned: $12.14
Price spread: +0.020% → −0.010%: $2.98
Slippage, 4 orders: −$3.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.39
Costs to cover: 0.107%
Break-even: 4.5 days

Slippage from Deribit: live order book, 3 min ago; Lighter: live order book, 8 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 Deribit live order book, 3 min ago	0.04 bp	4.4 bp −$4	5.3 bp −$53	17.0 bp −$1,698	doesn't fit
Sell Lighter live order book, 8 min ago	0.04 bp	1.0 bp −$1	2.2 bp −$22	7.9 bp −$790	28.7 bp −$14.3K

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
ApeX Omni SOLUSDT	−0.0218%	1h	118.08	+0.049%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	118.10	+0.068%	$92K	$706K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.11	+0.075%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	117.95	−0.061%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0036%	8h	117.97	−0.043%	$229.4M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.91	−0.098%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0012%	8h	117.97	−0.044%	$852.9M	$653.2M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.98	−0.036%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.01	−0.010%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.12	+0.081%	$1.5M	$21.4M	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	118.00	−0.017%	$131K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.02	−0.003%	$1.8M	$4.6M	20x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0038%	1h	118.02	long leg	$26.4M	$25.4M	50x
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.95	−0.063%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.99	−0.025%	$8.0M	$411.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.98	−0.035%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.00	−0.019%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	117.99	−0.027%	$102K	$162K	20x	as long as short
Lighter SOLshort	+0.0096%	1h	118.05	+0.020%	$13.5M	$58.2M	25x
Lighter RH SOL	+0.0096%	1h	118.05	+0.025%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.99	−0.025%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.07	+0.040%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.96	−0.052%	$43K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.98	−0.036%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.01	−0.013%	$177.2M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.07	+0.039%	$14.1M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.96	−0.049%	$976.9M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	−0.019%	$824.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.98	−0.036%	$369.1M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.00	−0.019%	$239K	$897K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.04	+0.012%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.97	−0.044%	$423.2M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.99	−0.030%	$133.6M	$207.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.95	−0.058%	$489.6M	$446.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.03	+0.007%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	−0.013%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.07	+0.042%	$94.8M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.116%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.10	+0.066%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.97	−0.044%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.97	−0.040%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.98	−0.038%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.97	−0.047%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.052%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.07	+0.041%	$46.0M	$101.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.041%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.168%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.94	−0.069%	$8.3M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.03	+0.008%	—	$228.4M	500x	as long as short
Hyperliquid SOL	+0.0118%	1h	118.08	+0.049%	$719.6M	$402.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.94	−0.067%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.015%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.151%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.97	−0.043%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0307%	1h	118.06	+0.029%	$25K	$51K	20x	as long as short