SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h −0.062%

Price spread now: Lighter against Hibachi−0.238%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$120.115% of the position

Long on Hibachi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.238%, 7d avg −0.032%

Together, before fees+0.029%+ Points / potential airdropHibachi: Active · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.206% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.032%). If the spread goes back, that is −$21 on $10k: about 4.3 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.038% in total) that is about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	118.44	−0.0064	get 0.0008% / 1h	0m 32s	$99K	$682K	20x
Short	Lighter SOL	118.16	0.0096	get 0.0012% / 1h	0m 32s	$13.2M	$58.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hibachi. 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 HibachibpFee LighterbpOrdersPrice spread, now −0.238%Rate

Funding earned: $33.6
Price spread: −0.238% → −0.032%: −$20.57
Slippage, 4 orders: −$2.5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.52
Costs to cover: 0.115%
Break-even: 6.7 days

Slippage from Hibachi: live order book, 8 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 Hibachi live order book, 8 min ago	0.67 bp	6.2 bp −$6	22.3 bp −$223	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.04 bp	0.1 bp $0	2.1 bp −$21	8.1 bp −$808	22.1 bp −$11.1K

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
Hotstuff SOL-PERP	−0.0080%	1h	118.11	−0.276%	$924	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.08	−0.302%	—	$608K	20x	as long as short
HTX SOL-USDT	−0.0071%	8h	118.06	−0.318%	$229.7M	$44.1M	75x	as long as short
Hibachi SOL/USDT-Plong	−0.0064%	1h	118.44	long leg	$99K	$682K	20x
Derive SOL-PERP	−0.0062%	1h	118.05	−0.323%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0015%	1h	118.10	−0.288%	$4.7M	$25.6M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.14	−0.255%	$31.8M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.17	−0.226%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.25	−0.155%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.23	−0.175%	$126K	$3.9M	8.3x	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	0.0000%	1h	118.17	−0.226%	$26.6M	$24.9M	50x	as long as short
Gate SOL_USDT	+0.0008%	8h	118.05	−0.328%	$846.7M	$676.5M	100x	as long as short
ApeX Omni SOLUSDT	+0.0025%	1h	118.68	+0.206%	$1.5M	$6.1M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	118.10	−0.285%	$103K	$161K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.05	−0.330%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	118.15	−0.245%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.17	−0.225%	$8.1M	$407.4M	50x	as long as short
Lighter SOLshort	+0.0096%	1h	118.16	−0.238%	$13.2M	$58.1M	25x
Lighter RH SOL	+0.0096%	1h	118.06	−0.318%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.10	−0.284%	$346K	$254K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.07	−0.310%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.04	−0.336%	$44K	$807K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.08	−0.298%	$5.8M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.19	−0.212%	$722.0M	$397.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.07	−0.308%	$178.6M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.13	−0.260%	$12.2M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.12	−0.272%	$971.6M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.14	−0.252%	$822.2M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.09	−0.294%	$368.7M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.04	−0.336%	$232K	$821K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.11	−0.275%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.08	−0.302%	$426.5M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.16	−0.235%	$136.7M	$204.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.10	−0.287%	$489.1M	$441.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.10	−0.285%	$23.8M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.15	−0.239%	$24.7M	$129.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.77	+0.281%	$95.4M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.04	+0.507%	$48.7M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.46	+0.019%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.12	−0.268%	$352K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.17	−0.225%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.14	−0.255%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.12	−0.267%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.13	−0.260%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.16	−0.235%	$46.2M	$99.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.24	+0.673%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.07	−0.311%	$8.4M	$35.6M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.33	−0.091%	$6.5M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.29	−0.127%	—	$225.8M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.05	−0.327%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+0.897%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.11	−0.279%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.15	−0.243%	$52.1M	$73.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.17	−0.225%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0250%	1h	118.86	+0.354%	$25K	$51K	20x	as long as short