SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Backpack−0.042%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Backpack Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days+0.786%+$79 · spread now −0.042%, 7d avg −0.088%

Together, before fees+0.751%+ Points / potential airdropLighter RH: Points live · farm board+$75 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: Lighter RH is 0.046% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	119.34	0.0100	pay 0.0013% / 1h	32m 34s	$24.1M	$38.7M	50x
Short	Lighter RH SOL	119.29	0.0096	get 0.0012% / 1h	32m 34s	$2.1M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Backpack. 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 BackpackbpFee Lighter RHbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$0.84
Price spread: −0.042% → −0.088%: $4.63
Slippage, 4 orders: −$3.68
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.9
Costs to cover: 0.137%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; Lighter RH: live order book, 6 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 Backpack live order book, 2 min ago	0.42 bp	5.4 bp −$5	6.5 bp −$65	9.2 bp −$918	1772.9 bp −$886.4K
Sell Lighter RH live order book, 6 min ago	1.38 bp	1.4 bp −$1	2.1 bp −$21	19.2 bp −$1,922	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
Bluefin SOL-PERP	−0.0199%	1h	119.38	+0.030%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.28	−0.053%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.31	−0.029%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.23	−0.091%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	−0.038%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.38	+0.036%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.44	+0.085%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.43	+0.078%	$179K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.39	+0.045%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.38	+0.034%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0067%	8h	119.38	+0.033%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0071%	1h	119.47	+0.113%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.31	−0.023%	—	$374.0M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.32	−0.020%	$232.4M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.29	−0.042%	$870.2M	$682.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	119.42	+0.063%	$26.7M	$27.6M	50x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	−0.042%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.30	−0.034%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOLshort	+0.0096%	1h	119.29	−0.042%	$2.1M	$16.8M	25x
Aevo SOL-PERP	+0.0096%	1h	119.39	+0.038%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.27	−0.055%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.28	−0.050%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.30	−0.034%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.37	+0.025%	$718.8M	$415.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.28	−0.048%	$178.5M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.33	−0.012%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	−0.057%	$986.6M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.24	−0.080%	$823.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.23	−0.092%	$371.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.067%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.36	+0.020%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.31	−0.025%	$451.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.30	−0.032%	$141.0M	$200.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.24	−0.087%	$495.3M	$455.1M	100x	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	119.34	long leg	$24.1M	$38.7M	50x
Variational Omni SOL	+0.0100%	8h	119.41	+0.060%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	+0.033%	$95.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.046%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.44	+0.084%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.42	+0.067%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.084%	$364K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.36	+0.018%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.37	+0.022%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.36	+0.017%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.35	+0.008%	$46.6M	$102.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.342%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.29	−0.043%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.38	+0.036%	$8.2M	$415.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.46	+0.103%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.35	+0.007%	$32.6M	$95.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.37	+0.028%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.22	−0.097%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.33	−0.005%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.176%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.32	−0.017%	$52.2M	$82.8M	125x	as long as short