SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter RH against Hyperliquid−0.057%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on Hyperliquid Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.057%, 7d avg −0.032%

Together, before fees+0.056%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$6 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 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	116.41	0.0100	pay 0.0013% / 1h	54m 07s	$698.5M	$393.1M	20x
Short	Lighter RH SOL	116.34	0.0096	get 0.0012% / 1h	54m 07s	$2.2M	$16.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Hyperliquid. 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 HyperliquidbpFee Lighter RHbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$0.84
Price spread: −0.057% → −0.032%: −$2.43
Slippage, 4 orders: −$5.25
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.52
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago	0.43 bp	4.9 bp −$5	4.9 bp −$49	6.7 bp −$673	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.19 bp	2.2 bp −$2	2.7 bp −$27	23.8 bp −$2,380	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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.36	−0.040%	$31.6M	$103.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0232%	1h	116.31	−0.082%	$105K	$705K	20x	as long as short
Vest SOL-PERP	−0.0122%	1h	116.29	−0.104%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0105%	8h	116.29	−0.107%	$744.7M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.38	−0.027%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.27	−0.123%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.34	−0.061%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.32	−0.077%	$99K	$175K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.48	+0.059%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0005%	1h	116.35	−0.051%	$4.4M	$24.2M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0044%	1h	116.30	−0.092%	$147K	$1.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.35	−0.049%	$7.8M	$405.0M	50x	as long as short
Bitget SOLUSDT	+0.0080%	8h	116.33	−0.067%	$480.5M	$449.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.35	−0.049%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.35	−0.052%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	116.34	−0.057%	$2.2M	$16.5M	25x
Aevo SOL-PERP	+0.0096%	1h	116.34	−0.057%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.25	−0.137%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.37	−0.038%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.34	−0.060%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	116.41	long leg	$698.5M	$393.1M	20x
Aster SOLUSDT	+0.0100%	8h	116.34	−0.062%	$174.3M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.37	−0.036%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.35	−0.055%	$969.1M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.34	−0.060%	$366.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.33	−0.069%	$211K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.35	−0.050%	$917K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.27	−0.124%	$131.6M	$15.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.32	−0.077%	$849.2M	$657.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.35	−0.052%	$362.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.34	−0.061%	$123.9M	$227.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.33	−0.072%	—	$365.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.35	−0.052%	$22.9M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.34	−0.056%	$25.0M	$114.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.30	−0.094%	$93.4M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	+0.024%	$47.7M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.45	+0.032%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.34	−0.060%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.30	−0.094%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.31	−0.082%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.34	−0.058%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.35	−0.052%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.29	−0.099%	$225.3M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	−0.069%	$45.3M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.30	−0.097%	$8.1M	$38.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.34	−0.062%	—	$236.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0144%	1h	116.43	+0.013%	$26.2M	$22.9M	50x	as long as short
Phoenix SOL	+0.0151%	1h	116.45	+0.034%	$6.5M	$13.7M	25x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.50	+0.077%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.28	−0.111%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.40	−0.009%	$52.1M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0169%	1h	116.32	−0.074%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.33	−0.066%	$112K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.36	−0.044%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0569%	1h	116.40	−0.009%	$25K	$52K	20x	as long as short