Funding you earn now, next payment 02:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Lighter0.000%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now 0.000%, 7d avg +0.010%
=Together, before fees−0.145%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SOL | 118.05 | 0.0096 | pay 0.0012% / 1h | 46m 51s | $13.5M | $58.2M | 25x |
| Short | Deribit SOL_USDC-PERPETUAL | 118.05 | 0.0019 | get 0.0002% / 1h | 46m 51s | $26.4M | $25.4M | 50x |
Lighter SOL
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$16.08
- Price spread: 0.000% → +0.010%
- −$1.04
- Slippage, 4 orders
- −$3.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.84
- Costs to cover
- 0.107%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Deribit: live order book, 2 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, 7 min ago | 0.04 bp | 0.6 bp −$1 | 1.5 bp −$15 | 7.2 bp −$719 | 17.6 bp −$8,782 |
| Sell Deribit live order book, 2 min ago | 0.04 bp | 4.8 bp −$5 | 5.6 bp −$56 | 18.4 bp −$1,845 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | −0.0218% | 1h | 118.08 | +0.026% | $1.5M | $6.1M | 50x | as long as short |
| Hibachi SOL/USDT-P | −0.0088% | 1h | 118.04 | −0.006% | $92K | $706K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.09 | +0.039% | $924 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0078% | 1h | 118.03 | −0.017% | — | $610K | 20x | as long as short |
| HTX SOL-USDT | −0.0036% | 8h | 117.97 | −0.066% | $229.4M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | −0.0024% | 8h | 118.06 | +0.009% | $853.6M | $653.1M | 100x | as long as short |
| Derive SOL-PERP | −0.0022% | 1h | 117.98 | −0.056% | $2.0M | $2.7M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.08 | +0.026% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 118.09 | +0.032% | $4.5M | $25.9M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.12 | +0.058% | $1.5M | $21.4M | 3.1x | as long as short |
ApeX Omni SOLUSDT
Hibachi SOL/USDT-P
Hotstuff SOL-PERP
Vest SOL-PERP
HTX SOL-USDT
Gate SOL_USDT
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl SOL | 0.0000% | 43m | 118.09 | +0.036% | $131K | $3.9M | 8.3x | as long as short |
| RISEx SOL/USDC | +0.0018% | 1h | 118.09 | +0.034% | $1.8M | $4.6M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0019% | 1h | 118.05 | 0.000% | $26.4M | $25.4M | 50x | |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 118.04 | −0.005% | $31.6M | $98.8M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 118.05 | +0.003% | $8.0M | $411.9M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.05 | 0.000% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0084% | 8h | 118.06 | +0.014% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 118.14 | +0.077% | $103K | $162K | 20x | as long as short |
| Lighter SOLlong | +0.0096% | 1h | 118.05 | long leg | $13.5M | $58.2M | 25x | |
| Lighter RH SOL | +0.0096% | 1h | 118.03 | −0.019% | $2.2M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.98 | −0.056% | $346K | $264K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.08 | +0.030% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.07 | +0.018% | $43K | $829K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.10 | +0.043% | $5.7M | $41.5M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.04 | −0.006% | $177.3M | $180.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.08 | +0.025% | $14.1M | $130.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.11 | +0.052% | $978.1M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.12 | +0.057% | $824.9M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.08 | +0.026% | $369.3M | $1.69B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.00 | −0.042% | $239K | $908K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.11 | +0.047% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.07 | +0.018% | $423.6M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.03 | −0.020% | $133.6M | $207.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.05 | −0.001% | $490.0M | $446.0M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.03 | −0.016% | $23.8M | $36.9M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.97 | −0.070% | $24.4M | $129.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.07 | +0.019% | $94.8M | $404.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.16 | +0.093% | $48.4M | $29.7M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.10 | +0.043% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.08 | +0.026% | $360K | $2.3M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.08 | +0.028% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.10 | +0.043% | $37K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.11 | +0.048% | $192K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.04 | −0.008% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.07 | +0.018% | $46.0M | $101.5M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.07 | +0.018% | $135.9M | $13.3M | 20x | as long as short |
| Phoenix SOL | +0.0101% | 1h | 118.22 | +0.145% | $6.5M | $13.5M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.00 | −0.038% | $8.3M | $35.9M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 118.12 | +0.064% | — | $228.5M | 500x | as long as short |
| Hyperliquid SOL | +0.0124% | 1h | 118.13 | +0.069% | $719.9M | $402.4M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0187% | 1h | 118.05 | +0.003% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.04 | −0.008% | $52.1M | $74.3M | 125x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 118.20 | +0.128% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 118.07 | +0.021% | $3.7M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0306% | 1h | 118.11 | +0.053% | $25K | $51K | 20x | as long as short |
Perpl SOL
RISEx SOL/USDC
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Bulk SOL-USD
Phoenix SOL
Extended SOL-USD
Jupiter Perps SOL-PERP
Hyperliquid SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD