SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.024%

Price spread now: Lighter RH against Phoenix−0.180%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$120.121% of the position

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.180%, 7d avg −0.128%

Together, before fees−0.246%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.052% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.128%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	116.64	0.0151	pay 0.0019% / 1h	24m 38s	$6.5M	$13.8M	25x
Short	Lighter RH SOL	116.43	0.0096	get 0.0012% / 1h	24m 38s	$2.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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 PhoenixbpFee Lighter RHbpOrdersPrice spread, now −0.180%Rate

Funding earned: −$11.47
Price spread: −0.180% → −0.128%: −$5.16
Slippage, 4 orders: −$5.1
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$28.73
Costs to cover: 0.121%
Break-even: never at this rate

Slippage from Phoenix: live order book, 5 min ago; Lighter RH: live order book, 4 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 Phoenix live order book, 5 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	14.4 bp −$1,443	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.03 bp	1.0 bp −$1	1.7 bp −$17	15.0 bp −$1,498	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	−0.0193%	1h	116.46	−0.152%	$30.9M	$101.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	116.57	−0.062%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.46	−0.152%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.092%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0015%	8h	116.38	−0.223%	$755.6M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	−0.139%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	−0.054%	$1.4M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0015%	1h	116.51	−0.114%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.39	−0.218%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.48	−0.134%	$7.6M	$404.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.49	−0.129%	$99K	$174K	20x	as long as short
Bullet SOL-USD	+0.0081%	1h	116.46	−0.152%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.47	−0.145%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.45	−0.163%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	116.43	−0.180%	$2.2M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	116.46	−0.151%	$350K	$247K	20x	as long as short
Bitget SOLUSDT	+0.0098%	8h	116.47	−0.147%	$480.8M	$445.1M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.47	−0.146%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.46	−0.158%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.54	−0.085%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.54	−0.086%	$703.0M	$394.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.43	−0.180%	$174.4M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.48	−0.136%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.45	−0.163%	$971.5M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.50	−0.120%	$366.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	−0.146%	$229K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	−0.104%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.095%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.43	−0.180%	$851.0M	$664.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	−0.137%	$365.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.49	−0.129%	$129.1M	$223.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.44	−0.172%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.46	−0.154%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	−0.203%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.61	−0.023%	$93.6M	$400.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.034%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	0.000%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.051%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	−0.137%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.46	−0.153%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.46	−0.154%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.47	−0.146%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.47	−0.146%	$225.7M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	−0.120%	$45.5M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.39	−0.210%	$8.3M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.051%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	−0.066%	—	$231.6M	500x	as long as short
Phoenix SOLlong	+0.0151%	1h	116.64	long leg	$6.5M	$13.8M	25x
Deribit SOL_USDC-PERPETUAL	+0.0190%	1h	116.53	−0.095%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.46	−0.155%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	−0.154%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.46	−0.152%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.55	−0.074%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.71	+0.057%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.57	−0.059%	$1.9M	$4.8M	20x	as long as short