SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0355%/8h= −38.8% APRnext payment −$0.44 per $10,000 · paid last 24h −0.041%

Price spread now: Lighter against RISEx−0.089%7-day average +0.005% · 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−$20as in the Price arb table

costs, in and out, $10k−$110.106% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.112%−$11 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.089%, 7d avg +0.005%

Together, before fees−0.016%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Lighter is 0.094% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.112% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	RISEx SOL/USDC	116.76	0.0451	pay 0.0056% / 1h	27m 21s	$2.1M	$4.9M	20x
Short	Lighter SOL	116.66	0.0096	get 0.0012% / 1h	27m 21s	$13.0M	$60.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$74.48
Price spread: −0.089% → +0.005%: −$9.43
Slippage, 4 orders: −$4.58
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$94.49
Costs to cover: 0.106%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Lighter: live order book, 12 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 RISEx live order book, 2 min ago	0.04 bp	3.9 bp −$4	6.0 bp −$60	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	0.82 bp	1.1 bp −$1	1.7 bp −$17	5.4 bp −$539	18.0 bp −$9,003

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	116.52	−0.205%	$99K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.64	−0.101%	$741.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.61	−0.126%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.69	−0.065%	$32.3M	$106.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.372%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0027%	1h	116.63	−0.115%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.213%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	−0.160%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.67	−0.079%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0019%	1h	116.62	−0.122%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.64	−0.105%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.71	−0.045%	$99K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0043%	8h	116.65	−0.094%	$480.4M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.68	−0.074%	$8.0M	$404.4M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.67	−0.082%	$176.1M	$171.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.67	−0.075%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.69	−0.062%	$1.0M	$552K	50x	as long as short
Lighter SOLshort	+0.0096%	1h	116.66	−0.089%	$13.0M	$60.7M	25x
Aevo SOL-PERP	+0.0096%	1h	116.68	−0.074%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.113%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	−0.112%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.007%	$699.0M	$409.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	−0.057%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.68	−0.068%	$968.7M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.66	−0.087%	$368.6M	$1.78B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.42	−0.293%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.66	−0.088%	$901K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.267%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.66	−0.087%	$847.3M	$669.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.68	−0.070%	$368.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.69	−0.064%	$130.2M	$232.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.67	−0.082%	—	$374.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.58	−0.156%	$23.1M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.255%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.53	−0.199%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.239%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.59	−0.145%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.216%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.67	−0.079%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.69	−0.062%	$249K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.084%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	−0.075%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.66	−0.087%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.228%	$225.6M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.49	−0.233%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.63	−0.111%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.62	−0.125%	—	$236.9M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	116.73	−0.024%	$26.4M	$21.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.225%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.68	−0.070%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.264%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	−0.199%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.57	−0.163%	$3.5M	—	200x	as long as short
RISEx SOL/USDClong	+0.0451%	1h	116.76	long leg	$2.1M	$4.9M	20x
Aftermath Perps SOLUSD	+0.0497%	1h	116.59	−0.150%	$25K	$57K	20x	as long as short