SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Bullet+0.039%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$150.147% of the position

Long on Bullet Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.039%, 7d avg −0.019%

Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · farm board−$4 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 is 0.059% dearer against Bullet than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	116.65	0.0100	pay 0.0013% / 1h	23m 13s	$147K	$1.6M	20x
Short	Lighter SOL	116.70	0.0096	get 0.0012% / 1h	23m 13s	$13.1M	$60.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bullet. 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 BulletbpFee LighterbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$0.84
Price spread: +0.039% → −0.019%: $5.85
Slippage, 4 orders: −$6.71
Fee Bullet: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.7
Costs to cover: 0.147%
Break-even: never at this rate

Slippage from Bullet: live order book, 1 min ago; Lighter: 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 Bullet live order book, 1 min ago	0.30 bp	6.0 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.99 bp	1.6 bp −$2	2.8 bp −$28	7.8 bp −$778	25.3 bp −$12.7K

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	−0.0120%	1h	116.81	+0.132%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.63	−0.017%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.81	+0.131%	$913	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.014%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.71	+0.052%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.70	+0.040%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0022%	1h	116.63	−0.016%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.68	+0.023%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.70	+0.038%	$7.5M	$405.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.69	+0.031%	$31.1M	$100.2M	100x	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	+0.0091%	8h	116.68	+0.027%	$1.0M	$5.8M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	116.70	+0.039%	$13.1M	$60.1M	25x
Lighter RH SOL	+0.0096%	1h	116.68	+0.027%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.68	+0.023%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.020%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.71	+0.052%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	+0.024%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.79	+0.116%	$704.9M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.70	+0.040%	$174.9M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.051%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	+0.037%	$970.0M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.65	−0.003%	$783.0M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	+0.049%	$369.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.71	+0.049%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.67	+0.019%	$928K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	+0.023%	$842.2M	$662.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	+0.040%	$388.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.68	+0.024%	$127.9M	$219.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.68	+0.022%	$479.4M	$441.5M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.66	+0.009%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.68	+0.023%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.61	−0.034%	$24.3M	$113.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.72	+0.058%	$93.7M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.73	+0.063%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.135%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.126%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	−0.011%	$321K	$2.6M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.65	long leg	$147K	$1.6M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.66	+0.008%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.64	−0.009%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.69	+0.032%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.60	−0.043%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.69	+0.032%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.040%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.64	−0.012%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.67	+0.010%	—	$231.0M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	116.74	+0.078%	$26.4M	$25.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.066%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.83	+0.152%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.63	−0.019%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.69	+0.032%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.66	+0.010%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.67	+0.016%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.76	+0.089%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.72	+0.061%	$1.9M	$4.9M	20x	as long as short