Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Bulk against Lighter−0.039%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Funding, last 4 days (all we have)+0.004%$0 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.039%, 7d avg +0.003%
=Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · 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: Bulk is 0.041% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SOL | 116.50 | 0.0096 | pay 0.0012% / 1h | 31m 03s | $13.0M | $60.6M | 25x |
| Short | Bulk SOL-USD | 116.45 | 0.0100 | get 0.0013% / 1h | 31m 03s | $124.6M | $26.6M | 20x |
Lighter SOL
Bulk SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.039% → +0.003%
- −$4.11
- Slippage, 4 orders
- −$10.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$20.98
- Costs to cover
- 0.177%
- Break-even
- 181.8 days
Slippage from Lighter: live order book, 8 min ago; Bulk: live order book, 3 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 Lighter live order book, 8 min ago | 0.82 bp | 1.0 bp −$1 | 1.6 bp −$16 | 6.4 bp −$638 | 23.8 bp −$11.9K |
| Sell Bulk live order book, 3 min ago | 4.30 bp | 7.8 bp −$8 | 7.8 bp −$78 | 7.8 bp −$780 | 7.8 bp −$3,898 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-P | −0.0152% | 1h | 116.47 | −0.022% | $98K | $690K | 20x | as long as short |
| Bybit SOLUSDT | −0.0115% | 8h | 116.47 | −0.021% | $740.7M | $1.44B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.49 | −0.007% | $1K | $8K | 25x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0072% | 1h | 116.53 | +0.027% | $32.2M | $106.3M | 100x | as long as short |
| Derive SOL-PERP | −0.0053% | 1h | 116.33 | −0.144% | $1.9M | $3.0M | 13x | as long as short |
| Vest SOL-PERP | −0.0022% | 1h | 116.47 | −0.022% | — | $628K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.51 | +0.015% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.51 | +0.012% | $1.5M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.53 | +0.026% | $110K | $3.6M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0022% | 1h | 116.49 | −0.005% | $4.3M | $23.7M | 20x | as long as short |
Hibachi SOL/USDT-P
Bybit SOLUSDT
Hotstuff SOL-PERP
Kraken Futures PF_SOLUSD
Derive SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SOL | +0.0032% | 1h | 116.48 | −0.009% | $2.2M | $16.8M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 116.52 | +0.021% | $100K | $177K | 20x | as long as short |
| Bitget SOLUSDT | +0.0045% | 8h | 116.47 | −0.017% | $479.7M | $460.5M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.54 | +0.036% | $8.0M | $404.0M | 50x | as long as short |
| Aster SOLUSDT | +0.0085% | 8h | 116.49 | −0.004% | $175.8M | $172.9M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0088% | 8h | 116.51 | +0.016% | $1.0M | $6.0M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0095% | 8h | 116.49 | −0.003% | $1.0M | $551K | 50x | as long as short |
| Lighter SOLlong | +0.0096% | 1h | 116.50 | long leg | $13.0M | $60.6M | 25x | |
| Aevo SOL-PERP | +0.0096% | 1h | 116.51 | +0.013% | $351K | $252K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.45 | −0.039% | $64K | $906K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.46 | −0.030% | $5.5M | $41.1M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.59 | +0.082% | $697.8M | $409.5M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.52 | +0.023% | $15.7M | $130.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.49 | −0.001% | $967.0M | $3.89B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.48 | −0.013% | $368.4M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.46 | −0.030% | $216K | $880K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.52 | +0.017% | $900K | $8.7M | 20x | as long as short |
| Bulk SOL-USDshort | +0.0100% | 1h | 116.45 | −0.039% | $124.6M | $26.6M | 20x | |
| Gate SOL_USDT | +0.0100% | 8h | 116.49 | −0.004% | $844.1M | $668.5M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.50 | +0.004% | $362.7M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.50 | +0.004% | $129.8M | $232.6M | 75x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.49 | −0.005% | — | $374.2M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.50 | +0.004% | $23.0M | $37.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.35 | −0.120% | $24.9M | $111.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.42 | −0.068% | $93.5M | $410.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.48 | −0.013% | $47.7M | $30.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.54 | +0.035% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.48 | −0.013% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.49 | −0.004% | $313K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.52 | +0.020% | $248K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.52 | +0.020% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.48 | −0.009% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.50 | +0.004% | $6.1M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.48 | −0.012% | $225.5M | $50.7M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.48 | −0.013% | $45.3M | $105.2M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0103% | 1h | 116.57 | +0.062% | $26.4M | $21.8M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.46 | −0.029% | $8.0M | $39.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.46 | −0.030% | — | $237.0M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0176% | 1h | 116.50 | +0.004% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0178% | 1h | 116.47 | −0.021% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0194% | 1h | 116.47 | −0.022% | $1.1M | $544K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.49 | −0.004% | $52.2M | $67.8M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.52 | +0.019% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0451% | 1h | 116.58 | +0.072% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0499% | 1h | 116.54 | +0.039% | $25K | $56K | 20x | as long as short |
Lighter RH SOL
01 Exchange SOLUSD
Bitget SOLUSDT
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Orderly PERP_SOL_USDC
Paradex SOL-USD-PERP
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Deribit SOL_USDC-PERPETUAL
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD