Funding you earn now, next payment 23:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.036%
Price spread now: Derive against Lighter RH−0.107%7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.107%, 7d avg −0.040%
=Together, before fees−0.053%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Derive is 0.067% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SOL | 119.16 | 0.0096 | pay 0.0012% / 1h | 14m 25s | $2.1M | $16.8M | 25x |
| Short | Derive SOL-PERP | 119.04 | −0.0107 | pay 0.0013% / 1h | 14m 25s | $2.0M | $3.0M | 13x |
Lighter RH SOL
Derive SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Lighter RH. 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
- −$42.58
- Price spread: −0.107% → −0.040%
- −$6.67
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$55.25
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.
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 RH live order book, 4 min ago | 1.17 bp | 1.2 bp −$1 | 1.8 bp −$18 | 16.5 bp −$1,654 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0315% | 1h | 119.14 | −0.024% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERPshort | −0.0107% | 1h | 119.04 | −0.107% | $2.0M | $3.0M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.16 | −0.005% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0065% | 1h | 119.11 | −0.046% | — | $722K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.14 | −0.023% | $112K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.22 | +0.050% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.20 | +0.033% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.20 | +0.030% | $177K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0048% | 1h | 119.18 | +0.012% | $119K | $612K | 20x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 119.28 | +0.097% | $6.5M | $13.6M | 25x | as long as short |
Bluefin SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Hibachi SOL/USDT-P
Phoenix SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps SOLUSD | +0.0067% | 1h | 119.24 | +0.066% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0068% | 8h | 119.13 | −0.026% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.17 | +0.005% | $104K | $155K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.12 | −0.034% | — | $10.5M | — | as long as short |
| HTX SOL-USDT | +0.0081% | 8h | 119.17 | +0.005% | $232.0M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | +0.0091% | 8h | 119.11 | −0.045% | $869.5M | $686.7M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.15 | −0.009% | $13.6M | $55.9M | 25x | as long as short |
| Lighter RH SOLlong | +0.0096% | 1h | 119.16 | long leg | $2.1M | $16.8M | 25x | |
| Aevo SOL-PERP | +0.0096% | 1h | 119.12 | −0.033% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.10 | −0.057% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.15 | −0.012% | $46K | $798K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.17 | +0.009% | $6.1M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.23 | +0.055% | $718.3M | $417.3M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.15 | −0.012% | $178.4M | $176.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.20 | +0.027% | $12.3M | $118.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.12 | −0.038% | $983.8M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.15 | −0.015% | $827.2M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.11 | −0.045% | $372.4M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.19 | +0.022% | $233K | $886K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.19 | +0.018% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.28 | +0.099% | $133.9M | $7.8M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.12 | −0.037% | $459.5M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.14 | −0.017% | $140.0M | $201.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.11 | −0.046% | $495.3M | $455.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.21 | +0.039% | $24.1M | $38.4M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.22 | +0.047% | $27.3M | $128.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.23 | +0.058% | $95.8M | $401.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.17 | +0.005% | $48.8M | $31.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.19 | +0.023% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.18 | +0.013% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.16 | −0.003% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.12 | −0.037% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.15 | −0.013% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.12 | −0.037% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.19 | +0.022% | $46.6M | $102.4M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.12 | −0.039% | $8.7M | $36.2M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.23 | +0.060% | $8.2M | $416.4M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.16 | −0.002% | — | $224.1M | 500x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0125% | 1h | 119.18 | +0.016% | $26.7M | $27.7M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.24 | +0.061% | $32.7M | $96.0M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0170% / S −0.0072% | 1h | 119.13 | −0.027% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 119.13 | −0.028% | $1.1M | $552K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.18 | +0.014% | $1.7M | $5.8M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.38 | +0.181% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.20 | +0.030% | $52.1M | $82.8M | 125x | as long as short |
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
BingX SOL-USDC
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
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
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Deribit SOL_USDC-PERPETUAL
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT